外貨換算會計의 接近方法에 관한 硏究

朴泳炳 釜山水産大學校 1986 論文集 Vol.36 No.-

The purpose of this paper is to suggest the approach to the accounting for the foreign currency translation and to provide a guide to the future research. For this purpose, we discuss the nature of the foreign entity and the accounting for the foreign currency translation and then suggest the approach to it. In the sectionⅡ, we discuss the nature of the foreign entity, the main objective of foreign operations and the main information to be provided by the foreign entity. The results are as follows. 1) As for the nature of the foreign entity, there are the parent company perspective and the foreign entity perspective. 2) By the former, the main objective of foreign operations is to maximize remittable cash flow, and by the latter, it is to maximize value of foreign enity. 3) By the former, the main information to be afforded is measurement of levels and changes in remittable domestic currency value, and by the latter, it is command over goods and services in local economy. In the sectionⅢ, we discuss the fundamental reason, objectives and the definition of the foreign currency translation. The results are as follows. 1) Because domestic users of accounting informations are familiar to domestic currency and domestic GAAP, the foreign entity transforms foreign currency financial statements into domestic currency financial statements to produce more understandable information for the users. 2) The objective of the foreign currency translation is to transform accounting measures scaled in foreign currency units into more understandable and comparable accounting measures to offer useful information, so that domestic users of accounting information may permit rational judgements and ecconomic decisions in the process of communication. 3) The foreign currency translation is to transform accounting information scaled in foreign currency units into domestic currency units. If the accounting informations scaled in foreign currency units were levels and changes in remittable domestic currency value, the exchange rate would be utilized in the foreign currency translation. If they were command over goods and services in local economy, the exchange rate or the price parity index would be made use of in the foreign currency translation. 4) The foreign currency translation is either the process of information production or information communicating. In the sectionⅣ, we dicuss fundametal thoughts, framework and approach to the accounting for the foreign currency translation. The results are as follows. 1) In the accounting for the foreign currency translation, there are two ways: one is the users perspective of accounting information, the other is producers perspective of accounting information. 2) The accounting for the foreign currency translation has variation in the time dimension and the place dimension. 3) In the approach to accounting for the foreign currency translation, there are the approaches by accounting entity as well as by usefulness of accounting information. In the former, there are the approach by proprietary theory and entity theory. In the latter, there are the approach by the economic reality and the choice of accounting alternatives. In this study, we can produce the following hypotheses: 1) Domestic users of accounting information are familiar to the domestic currency than the foreign currency. 2) They are familiar to the domestic GAAP than the foreign GAAP. 3) They want to know command over goods and services in local economy rather than levels and changes in remittable domestic currency value for the foreign entity. 4) They require prire-level accounting information rather than historical cost accounting information. 5) If they required price-level accounting, they would prefer general price-level accounting information to specific price-level accounting information. 6) If they required price-level accounting, they would prefer accounting information reflecting price-level change in local economy to that in domestic ecconomy.

1992학년도 신입생 실태조사 분석

박영병 부경대학교학생생활연구소 1993 學生生活硏究 Vol.9 No.-

共同住宅에서의 事故豫防 對策

朴永秉 경기대학교경영대학원 1993 最高經營者課程 經營硏究 Vol.7 No.-

어업임금관리를 위한 표준원가제도의 도입에 관한 소고

박영병 한국수산경영학회 1990 수산경영론집 Vol.21 No.2

配當이 株價에 미치는 影響에 관한 理論的 考察

朴泳炳 新羅大學校 1980 論文集 Vol.8 No.-

The basic purpose of modern enterprise is the maximization of business value. The maximization of business value has an influence on the market price per share and coincides with the maximization of stockholder's wealth. The market price per share depends upon the investment decision, the raising funds decision and the dividend decision. Therefore the market price per share is as follow; V = f(I,F,D) This study analyzes that the change of dividend decision has any influence on the market price per share. Therefore the market price per share is as follow; V = f(D) The theory on the change of dividend decision and market price per share has been presented as follows; 1) B.Graham and D.L. Dodd Model V = M(D + ⅓ E) 2) James E. Walter Model V = D/k + r/k2(E-D) 3) Ezra Solomon Model (1) Simple growth model V = E(1-b)/k + bEm/k (2) Dynamic growth model V=D/k-g 4) Myron J. Gordon Model V0 = E0 (1-b)/k-g 5) M.H Miller and F. Modigliani Model If the internal rate of return is equal to the expected rate of return and all investments take the shape of retained earnings, the above models are equal and dividend decision does not have any relation with the market price per share. But since the internal rate of return is realistically not equal to the expected rate of return, and all investments do not take the shape of retained earnings, It is evident that the above models have disregarded realistic conditions. In conclusion, the dividend decision has an influence on the market price per share. The elements of influence on the market price per share is as follows; 1) the exclusion of future risk and uncertainty 2) the change of growth rate 3) the change of internal rate of return 4) the raising of external funds 5) the information effect of dividend 6) the preference of cash 7) tax and the expense of buying and selling stock 8) the growth of capital market.

양식업의 수익인식에 관한 고찰

박영병 한국수산경영학회 1985 수산경영론집 Vol.16 No.1

신입생의 실태에 대한 추세 분석 : '81∼'92년의 실태조사 자료를 중심으로

박영병 釜山水産大學校 學生生活硏究所 1994 學生指道硏究 Vol.10 No.-

신입생의 실태의 대한 추세 분석

박영병 부경대학교학생생활연구소 1994 學生生活硏究 Vol.10 No.-

외화환산회계에 관한 소고

박영병 釜山水産大學校 1983 論文集 Vol.31 No.-

物價變動會計에 관한 一考察 : Retionale of Current Value Accounting 現在價値會計의 現論的根據를 中心으로

朴泳炳 新羅大學校 1981 論文集 Vol.11 No.-

The Purpose of this study is to analyze the rationale of current value accounting. Price changes can be classified as one of three types, although these classifications are interdependent and not mutually exclusive. These are general, specific, and relative price changes. To meet these price changes, three different methods of accounting have been offered. These are general price-level accounting, current value accounting, and hybrid methods. Much contemporary thought about current value accounting has derived from the economic concepts of income and value developed by Fisher and later extended by Hicks. The general definition of income comprises two separate elements: (i)The measurements of capital value(asset valuation):and (ii)the measurement, at the end of the period, of the amount required to maintain intact the capital value at the start of the period(capital maintenance). The measurement of capital value involves the valuation of the business' assets and liabilities. Even within the framework of current value there are several concepts of value which could be used. These are historical cost, present value, current replacement cost, and net realizable value. But in most cases current replacement cost will be relevant, and therefore should be used to value all business assets. The operations of a business firm can be described in terms of the production flow and holding flow. Any gains which accrue to the firm as a result of holding activities are holding gains. Any gains made by the firm as a result of operating activities are operating profits. The justifications for such a dichotomy can be divided into three principal cases: (i) The two categories of income may be used to evaluate different kinds of decisions. (ii) The dichotomy will permit better inter-period and inter-firm comparisons of operating performance. (iii)Operating income is a better measure of a business' long-run income and it is consequently a better forecaster of the future income stream. The treatment of holding gains in financial statements depends on the concept of capital maintenance selected for financial reporting. There are a number of concepts of capital maintenance, each implying a different treatment of holding gains. Three important concepts are money value, purchasing-power-adjusted money value, and operating capacity. (i) If the money value concept of capital maintenance is adopted, all oincreases in capital value-i.e. holding gains-should be reported in the profit and loss account. (ii)If capital value is to adjusted for purchasingpower changes, only the real holding gains,i.e.the holding gains in excess of the amount required to maintain the purchasing-power of the opening capital value, will be reported in the profit and loss account. (iii) If the operating capacity concept of capital maintenance is adopted. holding gains will not be reported in the profit and loss account. Therefore a profit should be reported only when operating capacity has increased. And any changes in capatal value arising from movements in the prices used to value assets should not be considered as an element of profit. but as an adjustment to the opening capital value. In most countries in which they exist, accounting systems that recognize effects of price changes have just recently been or are yet to be implemented. Thus, users of financial statements have yet to assess the utility of the information provided by these systems. A clear picture of the future of inflation accounting will become apparent only after users obtain experience with this information.