title: Empirical analysis of retirement pension and IFRS adoption effects on accounting information: glance at IT industry.
abstract: This study reviews new pension accounting with K-IFRS and provides empirical changes in liability for retirement allowances with adoption of K-IFRS. It will help to understand the effect of pension accounting on individual firm's financial report and the importance of public announcement of actuarial assumptions. Firms that adopted K-IFRS had various changes in retirement liability compared to the previous financial report not based on K-IFRS. Their actuarial assumptions for pension accounting should be announced, but only few of them were published. Data analysis shows that the small differences of the actuarial assumption may result in a big change of retirement related liability. Firms within IT industry also have similar behaviors, which means that additional financial regulations for pension accounting are recommended.
authors.affiliation: Sangmyung University, 20 Hongjimun 2-gil, Jongno-gu, Seoul 110-743, Republic of Korea.
authors.forename: JeongYeon
authors.identifier: 0000-0002-7225-6975
authors.initials: J
authors.lastname: Kim
mesh_terms: D000066:Accounting / Q000379:methods / Q000592:standards*; D007221:Industry / Q000191:economics / Q000331:legislation & jurisprudence / Q000592:standards; D048088:Informatics / Q000191:economics / Q000331:legislation & jurisprudence / Q000592:standards; D012179:Retirement / Q000191:economics* / Q000331:legislation & jurisprudence