지방자치단체의 개시재정상태보고서에 관한 연구

Abstract

Double entry accounting system in local governments in Korea has been introduced since 2007 in order to promote financial transparency and public accountability. The opening statement of financial position is very important since it is the starting point in the introduction of the double entry accounting system. I polled accounting professors and accounting professionals to find out the appropriateness of the opening statement of financial position in terms of its format, the field inspection and appraisal conducted during its preparation, and thus to find out any possible way of improvement in the report. I found the negative survey results in the area of appraisal of public infrastructure and legacy assets, valuation of long-term asset and liability, depreciation methods, accounting shut-up period system, public accountants' review report, and the overall appropriateness of the statement of financial position. Therefore, plans to improve the appropriateness of the statement of financial position is necessary in order for the public to get access to more informative and proper accounting numbers on the local governments' financial position.