• Korean Business Review
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• v.11
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• pp.255-276
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• 1998

This study investigates whether listed companies change accounting methods primarily to smooth reported earnings and income taxes, and how the informations of accounting changes affect stock prices. The information of accounting changes includes tax savings, income smoothing, and tax smoothing. The results show that accounting changes are used as an income or tax smoothing instrument(device) in the listed companies which changed their accounting methods from 1991 to 1996. Also, those have a tendency to smooth income and tax simultaneously by accounting changes. Tax savings, income smoothing, and tax smoothing variables by accounting changes are irrelevant to stock prices. Income smoothing variable has a positive association with stock returns in the periods that the abnormal returns cumulated over four months. But tax smoothing variable has a negative association with stock returns in the same periods. More studies on the firms' accounting changes are needed to get a definitive conclusion.

• Venture DIGEST
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• s.36
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• pp.19-19
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• 2003

회계변경에 대한 고려는 영업환경의 변화 등에 대한 정당성이 확보되어야만 가능하다. 이러한 회계변경에 대하여는 기업회계기준서 제1호에 그 정당성의 판정기준과 주석공시 방법에 대하여 자세하게 기술하고 있다. 그러나 기업회계기준서에서 요구하고 있는 정당성에 대한 판단은 상당한 전문가적 판단이 요구되며, 단기적 사안이 아닌 장기적인 안목에서 판단을 해야 하는 항목이므로 현실적 상황의 적용에 있어서 많은 주의를 요구한다.

• Korean Business Review
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• v.17 no.2
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• pp.41-61
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• 2004

Before 2003 the companies in Korea should capitalize the interest expenses that are attributable to the acquisition, construction or production of a qualifying assets. However, according to the revised standard which should be applied from 2003, the companies can either capitalize the interest expenses or recognize as an expense when they are incurred. Therefore almost all the companies confronted with the decision making of accounting choices on the interest capitalization. This paper empirically examines which financial characteristics of the companies affect the accounting choice by using logistic regression model and reviews the sufficiency of the foot notes disclosures regarding the capitalized interest. The variables of the financial characteristics are change of debt-equity ratio, borrowing ratio, qualifying assets ratio, firm size and income smoothing. The results of this study are summarized as follows. First, among the financial characteristics, only qualifying asset ratio has the significant difference between capitalized companies and expensing companies. Second, the results of logistic regression indicate that qualifying asset ratio and firm size have the significant influence on the accounting choices. Therefore, I cannot find the evidence supporting that the companies use the accounting choice to manage the financial ratios.

• The Journal of Information Technology and Database
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• v.2 no.2
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• pp.35-54
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• 1995

회계시스템에 데이타베이스시스템을 도입하는 연구의 주류는 데이타베이스 분야에서 개발된 데이타모형(data mood)을 이용한 회계 데이타모형의 개발에 있었다. 본 연구의 목적은 데이타베이스 분야에서 최근 개발되어 널리 보급되고 있는 객체지향 데이타모형을 적용한 회계 데이타모형(Object-oriented Accounting Data Model; OADM)을 개발하고 응용하는 데 있다. OADM은 회계시스템의 정보제공능력 제고 및 시스템통합의 과제를 해결하는 데 유용한 도구가 될 것이다. OADM은 데이타모형 관점에서 규명된 전통적 회계시스템의 본질을 모형화의 배경으로, REA 모델을 모형화의 기초로, 그리고 객체지향 데이타모형을 모형화의 도구로하여 개발된다. 회계 데이타모형화에 있어서 복합적인 회계데이타의 표현, 복합적이고 까다로운 회계처리절차의 데이타화, 타부문과의 연계, 회계시스템의 변경 및 확장 등의 제 문제점은 기존의 데이타모형으로는 해결하기가 어려우나 객체지향 데이타모형을 회계 데이타모형화에 도입함으로써 이러한 문제점을 해결할 수 있다. 본 연구와 관련한 후행 연구로는 활동중심 원가계산의 모형화, 예산시스템의 모형화 그리고 사무정보시스템의 모형화 등을 들 수 있다. OADM은 이러한 모형화의 기초로 이용될 수 있다. 모형의 실증분석도 가치 있는 미래연구로 본다.

• Journal of Digital Convergence
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• v.11 no.5
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• pp.135-144
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• 2013

The purpose of this study is case analysis on adopting process of K-IFRS and financial effects of SBS Media Holdings Co., Ltd. Adoption process is divided into two stages, To analyze the effect due to changes in accounting standards and to run this, system change and build a range-determining step in the IT sector. Showed that had the most significant impact on the financial effects due to changes in the target's of consolidated F/S and inventories and intangible assets(broadcasting content assets).

• Proceedings of the Korea Society for Industrial Systems Conference
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• 1998.03a
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• pp.199-203
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• 1998

활동정보회계시스템은 전통적인 복식부기시스템을 개선·보완하기 위해 도입된 것으로 사용자들이 쉽게 이용할 수 있고(user friendly), 직접 자사의 업종에 적합한 회계시스템을 구축할 수 있는 기본적인 툴(basic tool)를 제공해준다. 전통적으로 전산회계시스템은 개발에 막대한 비용이 투입될 뿐만 아니라 이미 개발된 시스템도 환경적인 요인이 변화되면 사용하기 어렵거나, 유지보수가 매우 어렵다는 단점을 가지고 있다. 그러나 활동정보회계시스템은 이러한 단점을 극복할 수 있도록 해준다. 예컨대 , 이 시스템은 회계상의 거래를 처리할 때 반드시 준수해야 하는 일반적으로 인정된 회계원칙인 기업회계기준이 개정되었다고 하더라도 큰 제약을 받지 않고 곧바로 시스템의 내용을 이용자들이 손쉽게 변경할 수 있도록 설계되어 있다. 본 논문에서는 활동정보회계시스템이 모든업종(영리단체와 비영리단체)에 적용될 수 있음을 제시하여 ,매우 유연성이 높은 시스템을 입증하고자 한다.

• Management & Information Systems Review
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• v.35 no.1
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• pp.51-68
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• 2016

In this paper, we aim to analyze the effect of accounting policy change subsequent to the adoption of K-IFRS in Korea, whereby the firms are required to recognize impairment losses on goodwill on a periodic basis rather than to amortize over a specific period. As a principle-based accounting standard, the K-IFRS expands the scope of fair value measurement with a view to enhance the relevance and timeliness of accounting information. In the same vein, intangibles with indefinite useful life, of which goodwill is an example, are subject to regulatory impairment tests at least once a year. Related literature on the impact of mandatory change in goodwill policy document that impairment recognition is more likely to be practiced opportunistically, mainly because managers have a greater discretion to conduct the tests under K-IFRS. However, existing literature examined the frequency and/or magnitude of the goodwill impairment before versus after the K-IFRS adoption, failing to notice the impairment symptoms at individual firm level. Borrowing the definition of impairment symptoms suggested by Ramanna and Watts(2012), this study performs a series of tests to determine whether the goodwill impairment recognition achieves the goal of communicating timelier information under the K-IFRS regime. Using 947 firm-year observations from domestic companies listed in KRX and KOSDAQ markets from 2008 to 2011, we document overall delays in recognizing impairment losses on goodwill after the adoption of K-IFRS relative to prior period, based on logistic and OLS regression analyses. The results are qualitatively similar in robustness tests, which use alternative proxy for goodwill impairment symptom. Afore-mentioned results indicate that managers are likely to take advantage of the increased discretion to recognize the impairment losses on goodwill rather than to provide timelier information on impairment, inconsistent with the goal of regulatory authority, which is in line with the improvement of timeliness and relevance of accounting information in conjunction with the full implementation of K-IFRS. This study contributes to the extant literature on goodwill impairment from a methodological viewpoint. We believe that the method employed in this paper potentially diminishes the bias inherent in researches relying on ex post impairment recognition, by conducting tests based on ex ante impairment symptoms, which allows direct examination of the timeliness changes between before and after K-IFRS adoption.

• 월간 기계설비
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• no.11 s.208
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• pp.29-40
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• 2007

국가계약법 시행령이 개정됨에 따라 재정경제부는 공사계약 일반조건, 입찰조건, 입찰유의서 등 회계예규를 개정하고 지난 10월 12일부터 시행에 들어갔다. 개정된 시행규칙은 공사계약일반조건에서 설계서와 물량내역서 등의 범위에 대한 정의규정 보완/손해보험 관련 손해공제 포함/설계변경 관련 조문정리/설계변경 계약금액조정 제한대상 추가 및 입찰금액조정 규정 마련/특정규격의 자재별 가격변동에 따른 계약금액조정 관련 등이 개정되었고, 공사입찰유의서에는 입찰에 관한 서류의 열람 및 교부/입찰무효사유 보완/낙찰자가 부적격자로 판명된 경우 낙찰자 결정 방법 개선/조문정리 등이 개선되었다.

• 한국산학경영학회:학술대회논문집
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• 2004.11a
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• pp.55-72
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• 2004

Before 2003 the companies In Korea should capitalize the interest expenses that are attributable to the acquisition, construction or production of a qualifying assets. However, according to the revised standard which should be applied from 2003, the companies can either capitalize the interest expenses or recognize as an expense when they are incurred. Therefore almost all the companies confronted with the decision making of accounting choices on the interest capitalization. This paper empirically examines which financial characteristics of the companies affect the accounting choice by using logistic regression model and reviews the sufficiency of the foot notes disclosures regarding the capitalized interest. The variables of the financial characteristics are change of debt-equity ratio, borrowing ratio, qualifying assets ratio, firm sire and income smoothing. The results of this study are summarized as follows. First, among the financial characteristics, only qualifying asset ratio has the significant difference between capitalized companies and expensing companies. Second, the results of logistic regression indicate that qualifying asset ratio and firm size have the significant influence on the accounting choices. Therefore, I cannot find the evidence supporting that the companies use the accounting choice to manage the financial ratios.

• Journal of Digital Convergence
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• v.11 no.2
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• pp.159-165
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• 2013

This kind of case study suggests a way for future's accounting standards under the complicated situation of K-IFRS. A change of accounting standards causes a severely different performance between K-IFRS and K-GAAP. Further, the change affects the whole business of the financial companies. As the K-IFRS is not a rule based accounting standard but a principle based accounting standard, companies have to keep their internal system in detail. Likewise, companies can get their competitiveness in the field.