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유가증권의 분류변경 및 감액손실에 대한 회계기준 연구 : A Study on the Accounting Methods for Transfer of Category and Impairment Loss of Securities
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- Authors
- Issue Date
- 2002-09
- Publisher
- 서울대학교 경영연구소
- Citation
- 경영논집, Vol.36 No.2/3, pp. 141-166
- Abstract
- This paper investigates the accounting standards for the transfer of the classification and
the recognition of impairment of securities, and makes suggestions for the improvement of
the standards. This paper suggests that transfers between trading and available for sales be
allowed only in limited circumstances. The sale of held to maturity securities without
consequence is permitted in limited circumstances. If a held to maturity security is sold but
the sale does not qualify as one of the limited circumstances, the enterprises ability and intent
to hold any financial securities to maturity would be called into question. Further, the sale of
any held to maturity security that does not qualify for an exception would requir that all debt
securities currently classified as held to maturity be reclassified as available for sales, and any
gain or loss on re-measurement to fair value related to the reclassification would be included in
income. A two year moratorium is imposed on classifying any financial asset as held to maturity.
For the accounting of impairment loss, this paper recommends that the same rule is applied for
the accounting of the reversal of impairment loss in both financial and non-financial
institutions. Reversal from the impairment loss of all institutions is recognized in net earnings.
- ISSN
- 1229-0491
- Language
- Korean
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