Government Accounting at a Glance: Central Government / Korea

Abstract

Contents

PART 01. Overview of Accrual Accounting System in Korea

1. Progress of Accrual Adoption

2. Korea’s Experience in Implementing Accrual Accounting

3. Achievements from Accrual Implementation in Korea

4. Expected Effects of Accrual Implementation

PART 02. Accrual Accounting System in Korea

1. Central Government Accounting Standards

2. Subject to Accrual Based Central Government Accounting System

3. Operating Institutions for the Central Government Accrual Accounting System

4. Preparation for Financial Statements of Central Government

5. The Central Government Accounting Education

PART 03. Take a Look at Financial Statements of Korea

1. Components of Financial Statements of Central Government

2. Results from Financial Statements of Korea

Annex. Financial Statements FY19 of the Central Government of Korea

1. Statement of Financial Position

2. Statement of Financial Operations

3. Statement of Changes in Net Assets