개정상법의 회계규정에 관한 연구

Abstract

To make the contents of accounting education rich, I considered the accounting provisions in Revised Commercial Act. As a result, my findings are as follows. First, every merchant shall preserve trade books and important documents relating to business for a period of ten years. Second, in order to remove the gap between corporate accounting standards and Commercial Act, the accounting of a company, other than that provided for in this Act and Presidential Decree, shall be conducted in accordance with generally accepted fair and proper accounting practices. Third, balance sheet is the most important accounting report. Forth, for the purpose of the capital enrichment, a company shall accumulate, as its earned surplus reserve, at least 10 percent of the cash dividend in each period for the settlement of accounts until its reserve reaches half of the company's capital. Fifth, dividends which cause company's assets outflow are subject to rigorous standards, and dividend in kind is allowed. Sixth, under certain conditions, any shareholder who holds shares representing no less than three percent of the total issued and outstanding shares may request the court to appoint an inspector to investigate the affairs of the company and the status of its assets. Finally there are punishments as well as administrative punishments in penal provisions related to accounting affairs. Knowing the accounting provisions in Revised Commercial Act by this study, accounting students will get more practicable accounting knowledge.