우리나라 회사회계제도의 현황과 발전방향

Abstract

Since the 1997 economic crisis, the Commercial Code has been amended several times for enhancing corporate governance. Still Korea needs to improve corporate regulatory system and other areas. In 2005, the Ministry of Justice established a special committee in order to amend the provisions regulating companies in the Commercial Code. The amendment bill to the Commercial Code was submitted in 2006. There are significant gap between the Commercial Code's accounting system for companies and that of companies actually adopt for their accounts. In the amendment bill, the government introduced an accounting system which is harmonized with Korea accounting standard which listed companies and big companies adopt. This article summarizes and analyzes the amendment bill in the area of accounting system in order to identify whether the bill can solve problems arising from the accounting system and its standards. The chapter II explains the contents of the bill and presents the developments of proposed rules implementing in the Presidential Decree in the areas of accounting principles, financial statements, capitals and reserves, and unrealized profits. This article argues that Korea needs to adopt an accounting system and accounting standards consistent with international standards. And an accounting system which applies to the companies depend on their size, ownership type, and listing status should be introduced.