발생주의회계와 지방정부 재정보고의 체계

Abstract

Local governments in Korea are using cash-basis accounting system except for the business-type activity such as local public enterprise. In relation to the situation, The problems have been pointed out that cash principle does not provide the proper information on assessing a government's financial requirements, the information needed for effective decision-making and for accountability.From these reasons, the Korean government has been preparing the transition to the accrual basis of accounting since the late 1990s. Currently, the accrual accounting system is on a trial project period, applied the accounting standards and information system to two target local governments(Bucheon City, Gang-nam District).Considering this aspect, this paper covers general perspectives of the financial reporting system, mainly focusing on the subjects regarding the formation of the annual financial report, which are essential factors to design the accounting model in introducing new system in local governments. The study suggests the type of basic financial statements ; statement of financial position, operating statement, statement of cash flows, statement of budget-actual comparison, and in the long-term statement of service performance.