한국채택국제회계기준과 몽골 회계기준의 비교연구

Abstract

A Comparative Study between K-IFRS and Mongolian Accounting Standards

TURMUNKH MYAGMARSUREN

Departmet of Business Administration Graduate School Pukyong National University

Abstract

As global business landscape has grown and changed rapidly, it is necessary for the internationalization of accounting standard setting along with the increasing globalization of business activities. Along with the globalization trend of the world economy, the business trading between Mongolia and Korea has accelerated and will be expanded rapidly. Currently, however, it is difficult to understand company performance because financial information originates in different geographic locations. Many of these companies effectively prepare financial statements using different accounting rules and regulations, thus creating different values or measures for the same economic event. Therefore, the purpose of this study is to provide users oriented accounting information which overcome these problems in two countries with more transparent and reliable information by comparing and analyzing accounting systems of both countries. This paper discusses several aspect as follows: First, the processes of the development of accounting principles in both countries were reviewed. Problems that had been exposed in such processes were pinpointed after comparing and analyzing the differences between both accounting systems. Second, the present status and major components of the international accounting principles and those of the advanced countries were described. Those country's accounting principle was compared and analyzed each other. Third, differences in the accounting system, classification of financial statements, major terminology as well as in the perception of fundamental components of financial statements were compared and analyzed in detail as an attempt to determine the gap of business accounting principles between both countries. However, the current circumstances in which economic exchanges are rapidly activated between the two countries. It is necessary that the two countries continue to make joint studies and efforts to establish a joint reference system in response of demanding in both countries to use a common accounting information in practice.