<Insert Picture Here> 금융권을위한오라클의 IFRS 대응방안 Comprehensive Converting & Adopting to IFRS Max Lee Regional Head for KR & Capital Market Leader for APAC, FSIBU APAC Feb 21 2008
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Program Agenda 국제회계기준도입에따른금융권의영향 <Insert Picture Here> 국제회계기준의적용방안 금융산업을위한 IFRS Solution 필요충분조건 Oracle IFRS Solution for FSI 오라클솔루션의가치제언
<Insert Picture Here> 국제회계기준도입에따른금융권의영향
국제회계기준도입과금융기관 금융기관의 IFRS 도입은일반기업보다더광범위하고영향도가크며, 여러가지이슈가존재하며이를위한종합적이고체계적인접근이요구됨.. CHALLENGES IMPACTS Impact on Financial Reports IAS 38 Intangible Assets IAS 32/39 Financial Instruments IAS 16 Tangible Assets IAS 19 Employee Benefits IAS 14 Segment Reporting Impact on Financial System IAS 36 Impairment of Asset 1 2 3 ACCOUNTING INFRASTRUCTURE 그룹사의경우모회사및자회사간의회계인프라 (Policy & Procedures, System) 통일 예 ) 표준 CoA 설계 연결기준의정보 ( 재무 / 비재무 ) 를 D+45 일내에공시요건 System, Process, People, Business 측면의상당한변화예상 FAIR VALUE 금융상품에대한공정가치회계문제 대출금의대손충당금평가이슈 회계추정의민감도분석 DISCLOSURE 공시정보의양과질이획기적으로증가 Eye of Management 원칙 리스크및관리회계정보와재무정보의정합성유지 공시정보의 Audit Trail
국제회계기준도입에따른주요이슈 회계, 관련업무, 시스템의일대패러다임의변화를초래합니다. 주요이슈 내역 시스템이슈 Consistency Valuation Subsidiary Reporting Segment Reporting 모회사와자회사를동일한기준으로보고 내부관리회계보고서와외부공시보고서의일치 기본적으로공정가치를평가 고정자산, 금융자산, 부채, 비용, 손익등거의모든항목적용 모회사에서자회사까지통합공시 자회사가소재한국가에서 IFRS 를도입하지않더라도모회사에서 IFRS 기준으로같이보고 부문별관리목적의보고서를외부공시의무화 대차대조표포함 통합플랫폼필요 재평가기능구현 통합시스템 Dual ledger 관리회계필수 배부기능구현 Disclosure 현재보다훨씬자세한정보를공시해야함 자회사관련정보도모회사에서공시 Consolidation 주석관리
국제회계기준도입을위한선결과제 업무시스템관점의드라이버 구분 한국회계기준 국제회계기준 도입시영향 관련항목 공시체계차이 개별재무제표를기본으로함 연결재무제표를기본으로함 사업보고서, 분반기보고서등모든공시서류를연결회사전체에대한연결재무제표기준으로작성공시 (1) IFRS 용공시시스템 연결 F/S 작성범위 지분법 분, 반기연결 F/S 자산 부채평가방법차이 객관적평가가어려운항목들은취득원가평가 원칙적으로공정가치평가 투자부동산, 보험부채, 퇴직금부채, 유형자산등을공정가치 ( 시가 ) 로평가 (2) IFRS 용평가시스템 투자부동산 충당부채 금융부채 유형자산등
<Insert Picture Here> 국제회계기준의적용방안 방법론및아키텍처적측면
주요국가의국제회계기준도입현황 년상장사전면도입 중국 와실질적으로일치하는기준발표 한국 년 상장사 전면 도입 예정 미국 ❿ & 협의에따라 진행중 ❿ 년부터 적용외국기업은 요구삭제 호주 년전면도입 일본 년 까지 주요 차이 제거 방법 모색 전세계 여 개국 가입국의 가 전면 도입
주요국가들의국제회계기준의시스템도입방식 도입시기에따라서다른도입방식을적용했으며다양한시행착오가발생함초기에는분산구조등의 Tactical Approach 였으나통합 Embedding 방식으로전환되는추세임. 도입방식 특징장점단점비고 1 Conversion 방식 조정분개 Excel 이용또는개발 구현기간단축 구축비용절감 평가및회계처리수작업 검증어려움 호주 2 분산구조의 Embedded 방식 Multi ledger 각소스시스템에평가기능구현 Multi GAAP 구현 평가및회계처리자동화 기준변경에따라대응어려움 ( 매년 10% 이상기준변경 ) 상대적고비용, 기간증가 유럽초기모델 3 통합구조의 Embedded 방식 Multi ledger 평가기능통합 Multi GAAP 구현 단일화된평가및공시플랫폼 기준변경에대응용이 상대적고비용, 기간증가 유럽 선진 모델 주 ) 유럽금융기관은 2005 년 IFRS 도입시에분산구조 Embedded 기반의조정분개방식을많이채택하였으나, 그이후발생되는문제 ( 재무정보의신뢰성저하 ) 들로인하여, 현재에는통합구조의 Embedded 기반의병렬전기방식으로전환하고있는중임
해외금융기관에서의 IFRS를위한고려사항 독 일 호 주 국내시사점 도입시기 GAPP의차이기업의대응방향프로젝트수행현재진행상황 EU 의결정에의해서 2005 년부터도입 다른 EU 국가대비하여차이가큰편임 상법 / 세법 / 감독당국목적으로기존 GAPP 유지 체계적인준비과정및조기대응함 경영진의의사결정을통한프로젝트가속화 Pre-Study 를통한체계적인프로젝트수행 많은기업이 System Based Approach 를적용 예상보다많은인력과비용을투입 예상시간 (2~3 년 ) 보다장기간소요됨 일부미완성또는불완전한부문에대한추가프로젝트진행 (IAS39, 대손충담금 ) 시스템개선및변경을위한프로젝트가계속진행중 2005 년도입 GAPP 의차이가크지않았음 IFRS 의영향이미비할것으로예상하여, 단시간에완료될것으로판단 2002 년부터 1~2 년 Self-study 수행 2004 년 Pre-Study 를하고구현수행 시간적제약으로인해충분한 System based approach 적용에한계 재무회계만을목적으로 spreadsheet patch 형식으로수행 프로젝트이후결산을위해많은추가비용을투입 시스템변경을포함하는 IFRS 재구축프로젝트추진예정 현실적인 Plan 이필요하다. 실질적인효과를얻는시간은 1년이상의회계기간이필요하다. IFRS 프로젝트는한번에정확하게수행고자한다면최고경영진의지지및충분한인원배분이필요하다. 내부적으로지식을쌓아야하며, IAS 의비즈니스측면에서의영향을절대로과소평가하지말라. IRFS 로의전이 (conversion) 를위해서는모회사와자회사양쪽에서상당량의지식과능력이필요하다. 유럽내전체의 43% 에해당하는기업들에있어서 IFRS conversion 작업은예상했던것보다더오랜시간이필요했으며, 특히금융기관의경우에는 64% 가이에해당함.
<Insert Picture Here> 금융산업을위한 IFRS Solution의필요충분조건
국제회계기준도입과금융기관 IFRS 32/39에대한주요도전요인 1 2 3 4 5 6 7 모든금융상품에적용 (Covers all Financial Instruments) 카테고리에따른가치평가 (Valuation Dependent on Category (e. g. Securities) 가치평가 (Valuations : Amortised Costs, Fair Value) 대손충담금설정 (Hedge Accounting) 특별회계처리요구사항 (Special Accounting Requirements) 증권을위한회계처리요구사항 (Accounting Requirements for Securities) 공시체계 (Disclosures) 금융기관이국제회계기준을도입함에있어서주요핵심사항은 모든금융상품의카테고리화 이며, 이유는가치평가의형태에결정적인영향을주기때문입니다. 금융상품의 Complete Cash flow Plan 을제공하기위해서 AC, FV32, FV39 를산출할수있어야합니다. 파생상품과같은금융상품을고려할때, 손익계산의변화도가증가하며, 아주제한된룰의범위내에서대손충담금의적용을통해서손익계산의변화도를줄여야합니다.
IFRS Functional Process Flow Delivery Systems [market data, contract data, counterparty data] Cash Flow Generation Product Splitting & Building Security Position Building Valuation Data Management Layer Valuation Layer Accounting Layer Hedge Management Effectiveness Test Accounting Result Data Layer Balance Sheet P&L Notes Segment Cash Flow
Oracle IFRS Solution for FSI <Insert Picture Here>
Oracle IFRS Solution for FSI : Footprint Solution Architecture based on Financial, Risk & Compliance architecture Source Systems Valuation & Financial Data Repository Information Delivery Sub Sub Ledger Ledger System System Banking Banking System System Third Third Party Party Data Data TRANSACTIONS Non-Financial Non-Financial Instruments Instruments Financial Financial Instruments Instruments Basel II Pre- Processing ALM Pre-Processing IFRS Pre-Processing Financial Control Pre-Processing PD/LGD, EAD Regulatory & Economic Capital Allocation & FTP Asset & Lib mgmt IFRS Processing Budgeting & Planning Financial Consolidation Financial Financial Ledger Ledger Enterprise Enterprise Performance Performance Foundation Foundation Result Data Transaction Transaction Reporting Reporting Ad-Hoc Ad-Hoc Reporting Reporting Management Management Reporting Reporting Operational Financial Performance Risk & Compliance Localized Localized Reporting Reporting - Basel II & - Basel II & IFRS Report IFRS Report guaranteed guaranteed compliance compliance Formatting Publisher Formatting Publisher Portal & Business Intelligence Dashboard Portal & Business Intelligence Dashboard Transaction Transaction Object Object Repository Repository
국제회계기준도입에따른영향 IT IMPACTS & CHALLENGES Potential IT impacts Complexity factor Group Reporting Report Consolidate Need more information for consolidation Chart of accounts Adjustments Financial Statements Various consolidation tools Obsolete tools Decentralized organization Accounting Systems Book Analytics Chart of accounts Multi-GAAP Interfaces Low ERP coverage Accounting and analytics in separate systems Obsolete tools Heterogeneous IT Operational Systems Measure Measurement of transactions Valuation of balances Accounting templates Low ERP coverage Legacy/old systems Low integration of data collection Heterogeneous IT
IFRS를위한 IT 솔루션은다음과같이 3 레이어로구성되며.. IFRS Solution Framework & Functional Layers Consolidation & Report Area Subsidiary G/L Consolidation & Reporting Layer K-GAAP F/S 비교 IFRS F/S Adjustment Intercompany Elimination Audit trail Consolidation Mart 자회사 1 IFRS 자회사 2 IFRS 자회사 3 IFRS IFRS GAAP Conversion/Valuation Calculation & Valuation/ Conversion Layer K-GAAP G/L IFRS G/L IFRS Closing Valuation G/L Posting Fair Value Historic data Conversion Financial Data Mart Transaction Layer Extraction, Transformation, Loading (ETL) 생산자재매출매입원가자금영업인사급여..
솔루션의 Framework과구성요소는다음과같아야합니다. IFRS Solution Framework & Components IFRS BI Workspace CFO Financial/SOX Dashboards, Reporting, Ad-hoc query, Alert, Multi-dimensional analysis Consolidation & Reporting Layer Regulatory Reporting Management Reporting Electronic Reporting ( 공시용 F/S 리포팅 ) ( 수익성분석 / 리포팅 ) (XBRL Support, 전자공시 ) Consolidation (Consolidation, Validation, Rules, Inter-Company Matching, Audit Trail) Calculation & Valuation/ Conversion Layer Conversion/Valuation (Historical data, Fair value, G/L posting, Valuation, Translation, calculation) Data Management Data Interface Master Data Management Data Quality Management (Extract, Transform, Translate) (COA, org, region ) (Data Validation, Data Staging) Transaction Layer 생산자재매출매입원가자금영업인사급여..
Oracle IFRS Solution Framework for FSI Conceptual Architecture : Source, Valuation, Integrated Disclosure & Reporting IFRS BI Workspace CFO Financial/SOX Dashboarding, Analysis, Reporting Regulatory Reporting (F/S Report for Disclosure) Management Reporting (Analytic Report) Electronic Reporting (XBRL Support, Electronic Disclosure) M D M Hyperion Financial Management (Consolidation, Analysis, Reporting) FIs Valuation Inform. Non-Fis Inform Financial Data Quality Management (Data Validation, SOX, Data Staging, etc) Non-Fis Informs Results Fernbach(FlexFinance) FIs Valuation Financial Instrument Extended OFDM (Data Validation, Product Splitting, etc Fis Informs Hyperion Data Integration Management (Asset, deals, market data and etc.) Legacy ERP GL DW RDB
Oracle IFRS Solution Framework for FSI Conceptual Architecture : Source, Valuation, Integrated Disclosure & Reporting IFRS BI Workspace CFO Financial/SOX Dashboarding, Analysis, Reporting Regulatory Reporting Management Reporting Electronic Reporting Consolidation & Reporting Layer (F/S Report for Disclosure) (Analytic Report) (XBRL Support, Electronic Disclosure) M D M Hyperion Financial Management (Consolidation, Analysis, Reporting) FIs Valuation Inform. Non-Fis Inform Financial Data Quality Management (Data Validation, SOX, Data Staging, etc) Non-Fis Informs Results Fernbach(FlexFinance) FIs Valuation Calculation & Valuation/Con version Layer Extended for Financial OFDM (Data Validation, Instruments Financial Instrument Product Splitting, etc Fis Informs Hyperion Data Integration Management (Asset, deals, market data and etc.) Source System (Local GAPP) Legacy ERP GL DW RDB Update on Dec 18 2007
Architecture from accounting view IFRS Transaction Processing Other Statement Balance, P&L Accounting Accounting Valuation PreProcessing Raw Deal Data General General Ledger Ledger Posting Posting Generator Generator Account Account Assigner Assigner IFRS IFRS Event Event Identifier Identifier Data Enrichment Product Splitting Cash Flow Valuation Mapping of available input data from source systems Populating to General Ledger with GL interface Generation of posting including aggregation Mapping between event and specific account Mapping between input and booking logic Business Template based = Pre defined rule set for : The identification of accounting events, a pre-defined chart of accounts and pre-defined accounting logic
Summary <Insert Picture Here>
1 Oracle IFRS for FSI : 솔루션의특장점 What we distinguish from others? Preparameterised 시스템을제공 Ready to run Out of the box 2 3 4 표준화된프로세스 (Standardized process) All steps are based on templates 샘플포트폴리오를통한 Quick wins Quick start of the operable system environment 통합되고유연하고다양한아키텍처구성 Consider Customer s s context for Consolidation & Valuation 5 검증된최고의공시시스템 Proven Component
Why Oracle Solution can complete your IFRS Drivers Comprehensive Accounting Generator capability : Single Deal Level, Booking in Parallel, Multi GAAP, Multi-Currency, Multi Org Including reliable Hedger Manager : Fair-Value, Cash-Flow and Portfolio Hedges. Single Source of accounting, supplying data for other potential analytics. Provide Robust Accounting engine & Consolidating Solution Sophisticated Error Handling & Reprocessing Full Audit Trail Between Transactions and Accounting Full accounting controls and Security Features for Internal Controls Straight through processing getting Services Oriented Architecture