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http://dx.doi.org/10.7782/JKSR.2015.18.1.81

A Study on the Applicability of LCC as a Railway Assets Management Tool  

Kim, Chung-Soo (Department of Railroad Management and Logistics, Korea National University of Transportation)
Publication Information
Journal of the Korean Society for Railway / v.18, no.1, 2015 , pp. 81-86 More about this Journal
Abstract
Assets are an essential part of a railway financial position and income state. The Railway industry, SOC, has characteristics of possessing vast tangible assets and incurring vast asset-related-costs. For higher liquidity and profitability, the railway industry need more active asset management. Since 2011, IFRS has its changed accounting method for tangible assets, this has subsequently affected asset management. As the railway industry has a high portion of tangible assets, the accounting method for tangible assets is very important. This paper analyzes the newly adopted accounting method for tangible assets and proposes LCC for effective asset management.
Keywords
Railway Asset Management; IFRS; LCC;
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