영업권손상차손인식 지연을 위한 이익조정

• 발행기관: 한국산업경영학회
• 저자명: 백정한
• 간행물 정보: 『한국산업경영학회 발표논문집』2017년도 춘계학술대회 발표논문집, 149~154쪽, 전체 6쪽
• 주제분류: 경제경영 > 경영학
• 파일형태: PDF
• 발행일자: 2017.04.21

영문 초록

K-IFRS has been changed an approach to goodwill accounting by abolishing goodwill amortization and requiring goodwill be tested for impairment using the estimated of its current fair value. K-IFRS has expected that the new standard will improve the quality of financial statements because a new approach will better reflect the underlying economic figures of a firms’s assets. Despite the standard setters claim, it is possible that the change of goodwill accounting may lead it to worse financial reporting. Prior research suggests that managers delay or avoid the timing of goodwill impairments because the estimates of the current fair value of goodwill solely rely on assumption about management’s future actions, including conceptualization and implementation of firm strategy. Such expectations are difficult to verify and audit. In this paper, we investigate whether managers use earnings management to improve current cash flows in order to delay or avoid goodwill impairment recognition. Fair value of goodwill is estimated by ‘value in use’ because there is no active market that goodwill is traded. And primary model that decided current fair value of goodwill is discounted cash flows which need expected future cash flows belong to managers private information. The higher the level of current earnings the more reasonable high level of future cash flows and this create an incentive for managers to take various action in order to increase current earnings. Therefore, we hypothesize that the firms that delay goodwill impairment tend to have abnormally high current earnings as a result of earnings management.

목차

Ⅰ. 서 론

Ⅱ. 선행연구와 가설설정

Ⅲ. 연구모형과 분석결과

키워드

K-IFRs goodwill impairment earnings management discounted cash flow