• Title, Summary, Keyword: Reconciliations

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K-IFRS Reconciliations and Predicting Future Earnings (K-IFRS 도입 시점의 전환조정이 이후 기간의 미래이익 예측력에 미치는 영향)

  • Ji, Sang-Hyun;Kwak, Young-Min
    • Journal of Digital Convergence
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    • v.15 no.12
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    • pp.283-291
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    • 2017
  • This Study analyzes the predictability of accounting information from mandatory K-IFRS adoption using the K-IFRS reconciliations information. We use the sample of 2,557 firm-year Korea listed companies belonging to non-financial corporate sector during 2010-2016. Specifically, we examine whether K-IFS reconciliation would improve or reduce the predicting power for future earnings after K-IFRS adoption. The results of empirical analyses show that reconciliation information from discretionary judgement tend to reduce the predicting power of K-IFRS based accounting earnings for future earnings. This result indicates that managers are likely to use the adjustments process to reconcile K-GAAP accounting numbers with corresponding K-IFRS as means to realize the various private utility. This study is expected to provide useful information by suggesting the need for more rigid screening schemes for the K-IFRS reconciliation process and also for adequate measures to be taken to ensure that the interests of the outside investors are properly protected.

Case Study on Fisheries Governance of IUU Agreement between Korea and Russia (한러 IUU 협정에 따른 수산거버넌스의 사례연구)

  • Lee, Kwang-Nam
    • Journal of Fisheries and Marine Sciences Education
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    • v.23 no.4
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    • pp.596-606
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    • 2011
  • This article analyzed the process of concluding the Korea-Russia IUU Fishing Prevention Agreement as a model case for distant water fisheries governance. The research studied co-operations for fisheries between Korea and Russia, the current status of live crabs landed in Korea through IUU fishing and Russia's political position on the IUU issue. Also this article reviewed a series of processes executed to achieve the bilateral agreement to prevent IUU fishing, including researches, intergovernmental negotiations, institutional improvements, public hearings and presentations. There were many things closely linked together such as international FAO-IUU prevention efforts, Russia's IUU fishing issue, Korean importers of Russian live crabs, their local governments and Korean snow-crab gill-net fishermen. These issues were resolved through reasonable reconciliations. This article wants to contribute to be used as a reference for other similar IUU fisheries cases.

IFRS Reconciliation Adjustment and Subsequent Meet or Beat Target Earnings

  • Ha, Mihye;Kang, Minjung
    • The Journal of Asian Finance, Economics, and Business
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    • v.6 no.1
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    • pp.33-45
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    • 2019
  • This study analyzed the association between IFRS adjustments, measured with the IFRS reconciliations, and the subsequent meeting of target earnings. IFRS adjustments include the amounts to be adjusted intentionally, as well as the differences in accounting standards. This study estimated intentional IFRS adjustments and analyzed their association with meeting target earnings. As the results of our analysis, meeting target earnings was associated positively with intentional IFRS adjustments for the total assets, was negatively associated with them for current assets, and was positively associated with them for non-current assets. Since understatement of current assets can be realized into earnings in a short period of time, it seems that current assets were underestimated intentionally in order to meet target earnings subsequently. In contrast, it is considered that non-current assets were overestimated to make them more likely to meet target earnings either by increasing the firm size or by improving financial solvency. The results of this study imply that IFRS adjustments are useful to manage earnings for meeting target earnings. Since accounting standards may be established and revised constantly, which adjustments for them may occur, the results on IFRS adjustments are expected to have implications for investors, policy-makers, and standards establishment entities.

Proceeding Strategies for Establishing of the DMZ World Peace Park for the Laying of the Foundation for Unification (통일기반 구축을 위한 DMZ 세계평화공원 조성 추진 전략)

  • Lee, Sae-Young;Kim, Seon-Il
    • Journal of Digital Convergence
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    • v.13 no.4
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    • pp.9-24
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    • 2015
  • Purpose of this study is to develop the proceeding strategies for establishing of the DMZ World Peace Park in Korea which is one of projects of the Park Geun-hye's Government. We basically dissolute the conflict between the South and North Korea, and we build the atmosphere reconciliations and cooperation between two Koreas, and go forward the peaceful unification. And thus we make ultimately the world peace and establish enduring peace in the Korean Peninsula. Through the analysis the 8 proceeding strategies. Results of this study, I verified possibility of proceeding for establishing of the DMZ World Peace Park, and urgent need of policy development and support by the local governments, and we need to start the project in the South first.