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@article{ART002472112},
author={Lim Dong Wan},
title={Indigenization of Accrual Accounting System},
journal={Korean Society and Public Administration},
issn={1225-8652},
year={2019},
volume={30},
number={1},
pages={173-196}

TY - JOUR
AU - Lim Dong Wan
TI - Indigenization of Accrual Accounting System
JO - Korean Society and Public Administration
PY - 2019
VL - 30
IS - 1
PB - Seoul Association For Public Administration
SP - 173
EP - 196
SN - 1225-8652
AB - Since accrual accounting system was successfully adopted in New Zealand government, many countries' governments have introduced accrual accounting system. The South Korean government has also prepared to introduce accrual basis accounting system since Asian financial crisis in 1997. Then the Government Accounting Law was enacted in 2007 and come into effect in January 1st, 2009. And the financial statement was submitted to the Board of Audit and Inspection and the National Assembly since FY 2011. This study aims to analyze the accrual accounting system of South Korean government on the indigenization and suggests policy reform for the accrual accounting system. The indigenization of accrual accounting system has two characteristics in South Korean government. One is path dependence and the other is path creation. The characteristics of path dependence can be seen from the continuance of the receipt and expenditure accounts and examination of receipt and expenditure accounts. And the characteristics of path creation can be seen from the making of financial statements and examination of financial statements. This study suggested that for the accrual accounting system to be indigenous to South Korean government, the actual operation of the accrual accounting system should be carried out in a appropriate manner to the context of the South Korean government while implementing the basic values of the system.
KW - Accrual accounting system;Indigenization;Context;Path dependence;Path creation
DO -
UR -
ER -

Lim Dong Wan. (2019). Indigenization of Accrual Accounting System. Korean Society and Public Administration, 30(1), 173-196.

Lim Dong Wan. 2019, "Indigenization of Accrual Accounting System", Korean Society and Public Administration, vol.30, no.1 pp.173-196.

Lim Dong Wan "Indigenization of Accrual Accounting System" Korean Society and Public Administration 30.1 pp.173-196 (2019) : 173.

Lim Dong Wan. Indigenization of Accrual Accounting System. 2019; 30(1), 173-196.

Lim Dong Wan. "Indigenization of Accrual Accounting System" Korean Society and Public Administration 30, no.1 (2019) : 173-196.

Lim Dong Wan. Indigenization of Accrual Accounting System. Korean Society and Public Administration, 30(1), 173-196.

Lim Dong Wan. Indigenization of Accrual Accounting System. Korean Society and Public Administration. 2019; 30(1) 173-196.

Lim Dong Wan. Indigenization of Accrual Accounting System. 2019; 30(1), 173-196.

Lim Dong Wan. "Indigenization of Accrual Accounting System" Korean Society and Public Administration 30, no.1 (2019) : 173-196.