K-IFRS의 도입과 적용에 대한 사례연구: K기업의 사례를 중심으로

Abstract

In 2011, as K-IFRS was introduced as duty the interests of information users increased. However, for the same thing about the K-IFRS the companies have been given the discretionary power to have different accounting treatments. Therefore, comparisons between the companies are not easy for the information users thus are producing a lot of confusion. The purpose of this case study on Company K’s is to organize the major activities on the adoption process of K-IFRS, and to help the financial information users, who are more familiar with financial statements prepared by the existing KGAAP, to understand K-IFRS and consolidated financial information by using each financial ratio analysis. In addition, with the problems that appear in the early stage of introduction and improvement plans we can look forward to the stabilization of the administrative system. The results after the introduction of K-IFRS show that the liquidity ratios and profitability ratios of the consolidated financial statements, and the separate financial statement for the leverage ratio were more favorable. Issues and lack of information user’s understanding and utilization of the information on consolidated financial problems, expansion of the company’s discretion, and the fair value assessment issues were identified. However, the improvement of corporate value, internal processes, and etc. are evaluated positively. To stabilize of the administrative system, clarification of standards to avoid the confusion of the accounting treatment, expansion of the usefulness and the usability of the consolidated financial information, and imprinting of the importance on the education of the accounting ethics are needed.