• Journal of Intelligence and Information Systems
• /
• v.20 no.4
• /
• pp.141-154
• /
• 2014

The adoption of International Financial Reporting Standards (IFRS) is the one of important issues in the recent accounting research because the change from local GAAP (Generally Accepted Accounting Principles) to IFRS has a substantial effect on accounting information. Over 100 countries including Australia, China, Canada and the European Union member countries adopt IFRS (International Financial Reporting Standards) for financial reporting purposes, and several more including the United States and Japan are considering the adoption of IFRS (International Financial Reporting Standards). In Korea, 61 firms voluntarily adopted Korean International Financial Reporting Standard (K-IFRS) in 2009 and 2010 and all listed firms mandatorily adopted K-IFRS (Korea-International Financial Reporting Standards) in 2011. The adoption of IFRS is expected to increase financial statement comparability, improve corporate transparency, increase the quality of financial reporting, and hence, provide benefits to investors This study investigates whether recognized accounts receivable discounting (AR discounting) under Korean International Financial Reporting Standard (K-IFRS) is more value relevant than disclosed AR discounting under Korean Generally Accepted Accounting Principles (K-GAAP). Because more rigorous standards are applied to the derecognition of AR discounting under K-IFRS(Korea-International Financial Reporting Standards), most AR discounting is recognized as a short term debt instead of being disclosed as a contingent liability unless all risks and rewards are transferred. In this research, I try to figure out industrial responses to the changes in accounting rules for the treatment of accounts receivable toward more strict standards in the recognition of sales which occurs with the adoption of Korea International Financial Reporting Standard. This study examines whether accounting information is more value-relevant, especially information on accounts receivable discounting (hereinafter, AR discounting) is value-relevant under K-IFRS (Korea-International Financial Reporting Standards). First, note that AR discounting involves the transfer of financial assets. Under Korean Generally Accepted Accounting Principles (K-GAAP), when firms discount AR to banks before the AR maturity, firms conventionally remove AR from the balance-sheet and report losses from AR discounting and disclose and explain the transactions in the footnotes. Under K-IFRS (Korea-International Financial Reporting Standards), however, most firms keep AR and add a short-term debt as same as discounted AR. This process increases the firms' leverage ratio and raises the concern to the firms about investors' reactions to worsening capital structures. Investors may experience the change in perceived risk of the firm. In the study sample, the average of AR discounting is 75.3 billion won (maximum 3.6 trillion won and minimum 18 million won), which is, on average 7.0% of assets (maximum 38.6% and minimum 0.002%), 26.2% of firms' accounts receivable (maximum 92.5% and minimum 0.003%) and 13.5% of total liabilities (maximum 69.5% and minimum 0.004%). After the adoption of K-IFRS (Korea-International Financial Reporting Standards), total liabilities increase by 13%p on average (maximum 103%p and minimum 0.004%p) attributable to AR discounting. The leverage ratio (total liabilities/total assets) increases by an average 2.4%p (maximum 16%p and minimum 0.001%p) and debt-to-equity ratio increases by average 14.6%p (maximum 134%p and minimum 0.006%) attributable to the recognition of AR discounting as a short-term debt. The structure of debts and equities of the companies engaging in factoring transactions are likely to be affected in the changes of accounting rule. I suggest that the changes in accounting provisions subsequent to Korea International Financial Reporting Standard adoption caused significant influence on the structure of firm's asset and liabilities. Due to this changes, the treatment of account receivable discounting have become critical. This paper proposes an intelligent diagnostic system for estimating negative impact on stock value with self-organizing maps and case based reasoning. To validate the usefulness of this proposed model, real data was analyzed. In order to get the significance of this proposed model, several models were compared to the research model. I found out that this proposed model provides satisfactory results with compared models.

• Journal of the Korean housing association
• /
• v.26 no.5
• /
• pp.105-112
• /
• 2015

This research was aimed at finding clues of improving residential quality of the Urbanistic Housing which was introduced for the small household of 1-2 residents. It was the laws on communal amenity in multi-family housing that this research concentrated on. Looking into the multi-family housing standards for small household of Korea, Japan and UK, Japanese One-room housing Ordinance of Tokyo-do laid stress on avoiding conflict among residents and getting people mixed together. And UK's concentrated on every individual rooms inside HMO and suggested certain level of qualified life through the careful standards. On the other hand, Korea's just suggested minimum housing with unit households and nearly no amenity except for parking lots. There should be more than a physical space with some area which satisfies basic physiological needs in a residence. To become a quality residence filled with relationship, it is necessary that Urbanistic Housing are also required to provide communal amenities, not as much as regular housing for regular household but much more than Quasi-housing, the minimum residence. And it should be ensured by the legal system to make it more effective.

• Journal of Cadastre & Land InformatiX
• /
• v.52 no.1
• /
• pp.37-55
• /
• 2022

This study presents the plans to derive quality items for develop the data quality standard for ensuring the quality of 3D building geospatial data in NDT(National Digital Twin). This paper is organized as follows. The first section briefly examines various factors that impact the quality of 3D geospatial data, and proposes the role and necessity of the data quality standard as a means of addressing the data errors properly and also meeting the minimum requirements of stakeholders. The second section analyzes the relationship between the standards - building data model for NDT and ISO 19157: Geospatial data quality - in order to consider directly relevant standards. Finally, we suggest three plans on developing NDT data quality standard: (1) the scope for evaluating data quality, (2) additional quality elements(geometric integrity, geometric fidelity, positional accuracy and semantic classification accuracy), and (3) NDT data quality items model based on ISO 19157. The plans reveled through the study would contribute to establish a way for the national standard on NDT data quality as well as the other standards associated with NDT over the coming years.

• International Journal of Quality Innovation
• /
• v.1 no.1
• /
• pp.24-31
• /
• 2000

QS-9000 was established by Chrysler, Ford, General Motors and some Truck Manufactures to solve problems of efforts to prepare original standards for each company. When we compare the requirements in QS-9000 with those in ISO 9000, we may observe that those of QS-9000 are more specific, since the user of the standard is limited to the automobile industry. In particular, the requirements on statistical techniques are described in more detail. In this paper, we present the requirements on statistical techniques in QS-9000. Specifically, we review the contents of QS-9000 and explore the philosophy and the minimum requirement on statistical techniques behind the description.

• Journal of the Korean Wood Science and Technology
• /
• v.48 no.3
• /
• pp.393-404
• /
• 2020

This study examined the material properties of MDF manufactured using acetylated pinus radiata fibers against moisture and compared the properties with the fiberboard quality standards of KS F 3200. Since acetylated MDF shows very low moisture content, water absorption and thickness swelling than the quality standards, it is expected to have an excellent dimensional stability. The bending strength in wetting condition of the acetylated MDF reached approximately 70% of the bending strength in dry condition, making it suitable for the quality standards. The internal bond of the acetylated MDF in the wetting condition was higher than the minimum internal bond of the quality standards in the dry condition, showing a good water resistance. Since the water droplet contact angle of the acetylated MDF is larger than that of untreated MDF, it is determined that it contributes in improving the water resistance due to the low wettability.

• Progress in Superconductivity
• /
• v.4 no.1
• /
• pp.59-63
• /
• 2002

10-V Josephson junction array arranged in 8 parallel stripline paths was fabricated using self-aligning and reactive ion etching techniques. These techniques were introduced in detail with aim of obtaining high-quality junctions. The array has 18,184 Josephson junctions with the area of $12\mu\textrm{m}$$\times$$38\mu\textrm{m}$. The gap voltage and minimum critical current density were about 2.7 ㎷ and ／$23 A\textrm{cm}^2$, respectively. And the critical current density and leakage current at 5 volt were about 27 $A／\textrm{cm}^2$ and $5\mu\textrm{A}$, respectively When operated in the frequency range of 76-88 ㎓, the away generated constant voltage steps up to 14-19 V. The step size near 10-V was more than 7 $\mu\textrm{A}$.

• Nuclear Engineering and Technology
• /
• v.45 no.3
• /
• pp.393-400
• /
• 2013

Concrete undergoing early frost damage in cold weather will experience significant loss of not only strength, but also of permeability and durability. Accordingly, concrete codes like ACI-306R prescribe a minimum compressive strength and duration of curing to prevent frost damage at an early age and secure the quality of concrete. Such minimum compressive strength and duration of curing are mostly defined based on the strength development of concrete. However, concrete subjected to frost damage at early age may not show a consistent relationship between its strength and durability. Especially, since durability of concrete is of utmost importance in nuclear power plant structures, this relationship should be imperatively clarified. Therefore, this study verifies the feasibility of the minimum compressive strength specified in the codes like ACI-306R by evaluating the strength development and the durability preventing the frost damage of early age concrete for nuclear power plant. The results indicate that the value of 5 MPa specified by the concrete standards like ACI-306R as the minimum compressive strength to prevent the early frost damage is reasonable in terms of the strength development, but seems to be inappropriate in the viewpoint of the resistance to chloride ion penetration and freeze-thaw. Consequently, it is recommended to propose a minimum compressive strength preventing early frost damage in terms of not only the strength development, but also in terms of the durability to secure the quality of concrete for nuclear power plants in cold climates.

• Asian Journal of Turfgrass Science
• /
• v.23 no.2
• /
• pp.253-264
• /
• 2009

The purpose of seed certification is to preserve the genetic purity and identity of seed varieties. This study is to provide information concerning seed certification procedures and certification standards of Kentucky bluegrass especially used in golf courses. We analyzed data from the seed certification standards of three states (Washington, Idaho and Oregon) in U.S.A. The certification processes both field inspection and laboratory requirement satisfying the minimum seed quality standards. The seed harvesting field must be propagated with the specified class of seeds and requires an adequate isolated distance from other crops. Moreover, the field should be clean and free from the objectionable weeds. The seed analysis tests include a germination rate, a percentage of pure seed, contents of other crop seed, weed seed, and inert matter. The certification standards of the certified seed and the sod quality seed showed general similarity in all three states. The certification standards of the sod quality seed should have less than 0.02% of maximum weed seed. The certified seed should have less than 0.3% of maximum weed seeds. Those certification standards of seed quality should guaranty the quality of turfgrass establishment of golf course.

• Proceedings of the Korean Institute of Building Construction Conference
• /
• 2012.05a
• /
• pp.35-36
• /
• 2012

BIM technology accomplished quantitative development being utilized in various disciplines. However, it is necessary to develop environment and requirement for qualitative improvement of BIM-based project in current transitional period of adopting BIM. The purpose of this study is to develop and apply of quality control requirement for improving the quality of BIM-based architectural design through case study. In particular, by focusing on BIM quality control and its relevant subjects, the minimum standards for BIM quality management are suggested. Also, BIM template is suggested to support the effective application of BIM-based architectural design.

• Journal of The Korea Institute of Healthcare Architecture
• /
• v.24 no.3
• /
• pp.49-57
• /
• 2018

Purpose: The increase in patients requiring hemodialysis has resulted in an increase dialysis-associated infections risk. but there are no Renal Dialysis unit design standard meet specified safety and quality standards. Therefore, appropriate Establish standards and legal regulation is important for the provision of initial certification and maintenance of facility, equipment, and human resource quality. Methods: Literature survey on the design guideline and standards of Renal Dialysis unit design in Korea, U.S, Germany, Singapore, Hongkong, Dubai. Results: There are no established standards for facilities in dialysis units in Korea. To prevent infections in dialysis patients, necessary establish standards. Considering the domestic and overseas Health-care facilities standards, the major factors to be considered in the medical environment for Renal Dialysis Unit are as follows. First, planning to separate Clean areas(treatment area) from contaminated areas(medical waste storage area). Second, ensure sufficient space and minimum separation distance. Although there may be differences depending on the circumstances of individual institutions, renal dialysis unit consider the space to prevent droplet transmission. Third, secure infrastructure of infection prevention such as sufficient amount of hand hygiene sinks. Hand washing facilities for staff within the Unit should be readily available. Hand hygiene sinks should be located to prevent water from splashing into the treatment area. Fourth, Heating, ventilation and air conditioning (HVAC) system for Renal Dialysis Unit is all about providing a safer environment for patients and staff. Implications: The results of this paper can be the basic data for the design of the Renal Dialysis Units and relevant regulations.