1

IFRS

1
1.
2.
3.
4.
 2

1.
2.
3.
4.

1. .
2. .
3.
.
4. ()
.

1
 1. 1) 3

( ) ( )

(goods) (services) (economic entity)

(accounting) : (financial information) .

1
 1. 1) 4

() ,
,

, ,
( , ) .
.

( )

(stakeholders)

1
 1. 1) 5

, ,
(AICPA), 1941

ASOBAT (A Statement of Basic Accounting Theory ,

(AAA), 1966 )

, ,

1
 1. 1) 6

.
(double-entry book-keeping) : 3~5 .

(language of business): (syntax)
(book-keeping) ,

(MIS : management information

system) (AIS : accounting
information system)

1
 1. 2) 7

Operating activities :
:

, /,
(, operating cycle)

Investing activities :
( ) :

,
/

Financing activities : /
/ :
/, /,

1
 1. 3) 8

: .
(owner) : .
: .
-

( )
,

- . (unlimited liability)
- (, , )

2 (general partners) ,

1 (limited partners) ,


( 50 )

, ()

1
 1. 3) 9

8
(corporation)

( , stock)/share : . ( )

( , = (Marketability)

, ( ) () ,
.

(, Stockholder, Shareholder) : .

-
-
-

1
 2. 1) 10

1
 2. 1) 11

( )
: ()
()
. .
.
.






:



.
.

( : , )

1
 2. 2) 12

11
( )
(market mechanism)

,


/

(, ) : , , ,


.

.

:
(M&A)

1
 2. 3) 13

(indicator)
(pie) .
, .
.

, , (conflict)

() ,

()
( principal, ( agent,

: ) : )

: .
: () .
- (stewardship) :
- (accountability) :
1 ( ).
 2. 3) 14

13

(Moral Hazard, )

() (conflict of interests) :

(personal interest) ()
: ,
, .
, (Agency Problem)

()
(Information Asymmetry)
,

1
 2. 3) 15

13

.
) ( : Financial Reporting),

, .
)

( )

(performance compensation)

1)
(performance compensation)
2) : (stock option)
1) : (Earnings Management),

2) : ,

1 -
: (stock option).
 2. 3) 16

( )

() :
( )

(default risk)

( )

,
( ).

:
,

1
 2. 3) 17

1
 18
3.

: , :

1
 3. 1) 19

17

= (decision-maker)

(product mix)
?

(product mix) ?





?

, ?
.
,

1
 3. 2) 20

(investors)

: , .

, , (buy, hold, sell) .

(
), , ,

1
 3. 2) 21

(creditors)

: (financial intermediary)
: ,
/

(, )

1
 3. 2) 22

19

()




(, ,
)
,


1
 3. 3) 23

- , .
(private goods) - +

- .
(public goods)
- : , .

,
,


-

- : /, .
-

1
 3. 3) 24

,
,

1
 3. 3) 25

21

(accounting standards)
(GAAP : Generally Accepted Accounting Principles)

* (K-IFRS) : :
IFRS (IASB ) KASB . 2011

* : 1999 KASB

( : 1999 )

1
 3. 3) 26

()

(general purpose financial reporting) (general purpose financial statements)

( )

(auditing standards)

:
i) 100 (auditing)
or ii) 70 & 70
or iii) 300

1
 3. 3) 27

() 22

(auditor)
(CPA)

() (management assertions)
( ) :
() (management assertions)

1 (, , , , ) ?

: (existence)
() => (existence)

2 ?

,
(completeness)
. => (completeness)

1
 3. 3) 28

()

()

(unqualified) (qualified) (disclaimer of opinion)

(unqualified) (qualified) (adverse)
( )

1
 4. 1) 2) 29

24
Financial Accounting

Management Accounting
(, ,
, , ) = (decision-maker)

: = (decision-maker)

() , .

, .

: ,

1
 4. 1) 2) 30

( )
( )

-
-

(, ,

)

-
-
( )
-
-

1
 31 31

: - =
: - =

1
 4. 3) 32

25

"
= () ; = ()
() .

1
(= - )
(= - )

:
:

1
 4. 4) 5) 33

(auditing) 26

: () () , .

(public interests) :
, .

\100 : () .

,
,

(AIS: accounting information system)

,
(IT) .

1
 34

End of Chapter 1

Next,

Beginning of Chapter 2

Be Prepared !!