파생금융상품으로서 스왑의 회계적 문제에 관한 연구 = On the Accounting problem of swap as Derivative financial instruments

다국어 초록 (Multilingual Abstract)

Deivative and foreign excahnge products have become important goods in the international financial market. No country has comprehensive accounting standards addressing the accounting of derivative financial instruments. This makes it difficult for users of financial statements to understand an organization's use of derivatives and the accounting bases upon which its finacial stantements have been drawn up. In this study the accounting problem ofswap as derivative financial instruments is reviewed. Interest rate swap agreements are financial contracts between two counterparties to exchange the calculated interest obligations related to a set amount of principle without exchanging the principal amounts themselves. Cross-currency swaps are similar to interest rate swaps but the interest flows and even the notional principal amounts are not denominated in the same currency. Often, they do require the exchange of principal at inception and at maturity. Interst rate swaps designated as trading positions should be revalued to market at balance-sheeet date. This accounting requires the recognition of gains and losses based on changes in the estimated market value of the agreement. Swaps designated as hedge positions must meet the hedge criteria. Interest revenue and expense can be recognized on an accrual basis.; no adjustment for revaluation gains or losses is recorded. the accounting of cross-currency swaps is similar to that of interest rate swap agreements.

목차 (Table of Contents)

• Ⅰ. 파생금융상품의 의의
• Ⅱ. 파생금융상품에 대한 회계처리의 현황
• 1. 국제회계기준의 Exposure Draft No. 48
• 2. 미국의 재무회계기준
• 3. 일본의 회계기준
• 4. 우리나라의 회계기준
• Ⅲ. 파생금융상품의 회계처리에 대한 기본입장
• Ⅳ. 스왑거래에 대한 회계처리
• 1. 금리스왑
• 2. 금리스왑의 회계처리
• 3. 통화스왑
• 4. 통화스왑의 회계처리
• Ⅴ. 발생주의에 따른 스왑회계처리의 문제점
• 1. 헷지거래로서의 금리스왑
• 2. 투기목적의 스왑
• Ⅵ. 결론