Study on Management Accounting Educational Plan for the Financial Industry

Shin, Il-Hang,Oh, Won-Jung 경성대학교 산업개발연구소 2017 산업혁신연구 Vol.33 No.2

금융산업의 국가경제 기여도분석에 따르면, 국내 금융산업은 타 산업 및 주요국에 비교해서 부가가치가 높고 타 산업에 대한 지원효과가 높기 때문에 국가경제적 측면에서 국내 금융산업의 비중을 높여나갈 필요가 있다. 또한 지식기반경제사회의 도래로 인해 경제 성장에 있어 인적 자본의 중요성이 점점 강조되고 있음을 비추어 볼 때 금융산업의 성장을 위해서는 적절한 교육시스템 구축이 매우 중요하다. 그러나 기존 회계 교육에서는 제조업 기반의 회계처리 내용을 다루고 있어 금융업 회계에 대한 교육 공백이 발생하고 있다. 이에 본 연구는 금융업 관리회계 교육방안과 관련된 실천적 방안을 제시함으로써, 향후 금융업 관리회계 교육이 실제 학부 수준에서 수행될 수 있는 기반을 마련하고자 한다. 이를 위해 금융업 관리회계 교육 목적과 범위를 설정하고 실제 수업을 수행하는데 도움이 될 수 있도록 금융업 관리회계 교육을 위한 커리큘럼을 예시적으로 제시한 후 각 차시별로 어떤 내용을 다루어야 하는지를 논문에서 제시하고자 한다. 본 논문은 금융산업의 인재양성에 필요한 교육방안을 연구하고 있는 최초의 논문이므로 금융산업을 위한 회계교육의 새로운 방향을 제시한다는 측면에서 공헌점을 찾을 수 있다. An analysis of the financial industry’s contribution to the national economy revealed that the domestic financial industry must increase its share in the national economy because of its high added value and effect of supporting other industries, compared to other industries and major countries. Moreover, human capital’s importance is increasingly emphasized in economic growth due to the arrival of a knowledge-based economic society. Therefore, it is crucial to establish an appropriate educational system for the financial industry’s growth as a necessary response to changes in the business environment. However, there is a lack of accounting education for the financial industry because financial accounting and cost management accounting in a traditional accounting education address manufacturing-based accounting content. Therefore, this paper intends to establish a foundation of undergraduate management accounting education for the financial industry by suggesting practical plans related to management accounting education. Thus, the financial industry’s management accounting education curriculum is presented as an example; this paper also presents content for each week. This will help not only in establishing management accounting education’s purpose and scope for the financial industry, but also in conducting actual classes. This paper is the first to study an educational plan for the financial industry, which is regarded as weakness in accounting education. Therefore, this paper contributes by suggesting a new direction in accounting education for the financial industry.

How does human resource investment in internal control affect audit reporting lag?

Shin, Il-Hang,Lee, Ho-Young,Lee, Hyun-Ah,Son, Myungsoo CITY UNIVERSITY OF HONG KONG - FACULTY OF BUSINESS 2017 ASIA-PACIFIC JOURNAL OF ACCOUNTING & ECONOMICS Vol.24 No.1

The Relationship between Firm Market Power and Audit Fee Decisions

Il-Hang Shin 한국무역연구원 2018 貿易 硏究 Vol.14 No.3

This study analyzed the relationship between firm market power and audit fee decision. Specifically, the impact of the market power measured by market share on audit fee was determined, and also the impact of the company’s governance structure on the relationship between market power and audit fee was analyzed. This paper finds that firm market power is positively related to audit fee. This result is pronounced for firms with good corporate governance. Specifically, results are summarized as follows. First, there is a positive relationship between market power and audit fee. Second, the largest shareholder mitigates the positive relationship between market power and audit fee. Third, foreign investors strengthen the positive relationship between market power and audit fee. The contributions of the study are as follows. First, this study systematically examined the relationship between market power and audit fee that were rarely highlighted in the preceding studies. Second, this study provides a systematic and expanded view of the impact of corporate governance on audit quality. Third, this study offers the stakeholders in the capital market with insights from implications that express the necessity of utilizing the company’s competitive status and information in order to evaluate the reliability of the company’s financial statements.

창업 기업의 실제이익조정 연구

신일항(Il-Hang Shin) 한국무역연구원 2017 무역연구 Vol.13 No.4

Recently, there has been a growing tendency to start a new business. Therefore, the importance of research on the accounting behavior of startups is increasing. To live up to this trend, this study examines the relationship between startups and real earnings management. This study finds that startups are positively related to real earnings management activities compared to existing firms. This result is pronounced for firms with a need for financing. This study further finds that corporate governance mechanisms such as outside directors or foreign investors do not work which suggests that they can mitigate the relationship between startups and real earnings management. On the other hand, the present study finds that startups are not related to discretionary accruels compared to existing firms. These findings suggest that investors should pay attention to the valuation of corporate values for startups. In addition, these findings fill the void in the literature by providing new evidence on the relationship between startups and real earnings management.

산업 내 경쟁정도와 실제이익조정 -기업지배구조와의 상호작용을 중심으로-

신일항 ( Il Hang Shin ),이명건 ( Myung Gun Lee ),이은철 ( Eun Chul Lee ) 한국회계학회 2014 회계학연구 Vol.39 No.3

본 연구는 상품시장 차원에서의 경쟁 정도 및 기업의 시장지배력이 경영자의 회계선택의 일환으로 여겨지는 실제 이익조정(real earnings management) 행태에 어떤 영향을 미치는지를 규명하고자 다양한 측면에서 실증분석을 수행하였다. 분석 결과를 요약하면 다음과 같다. 첫째, 독점도가 높은 산업에 속한(산업 내 경쟁정도가 낮은 산업에 속한) 기업일수록 실제 이익조정을 통해 이익을 상향조정하고자 하는 것으로 나타났다. 둘째, 내부 기업지배구조가 건전할수록 산업집중도가 실제 이익조정에 미치는 양(+)의 영향을 감소시키는 것으로 나타났다. 이는 내부 기업지배구조와 외부 기업지배구조가 상호작용을 통해 이익조정을 감소시키는 규율이 작동하게 됨을 의미한다고 볼 수 있다. 추가 분석을 통해, 실제 이익조정과 발생액 이익조정 간에 보완 관계가 존재하는데, 이러한 보완관계는 특히 실제 이익조정과 비기대 재량적 발생액과의 관계에서 강하게 관찰됨을 확인하였다. 또한, 산업 내 경쟁정도가 낮아질수록(산업집중도가 높아질수록) 기업들이 실제 이익조정을 발생액 이익조정보다 더 선호함을 확인하였다. 본 연구는 산업 내 경쟁정도가 기업의 실제 이익조정 행위에 미치는 영향을 상세히 분석함으로써 자본시장의 이해관계자들에게 의미있는 시사점을 제공하고 있다. 본 연구결과를 통해, 재무분석가는 기업에 대한 예측 정보 제공시 기업이 속한 산업의 경쟁정도가 이익조정 행태에 미치는 영향에 대해서 더 많은 주의를 기울여야 할 것이며, 투자자는 투자 의사결정 과정에서 재무분석가의 예측정보를 사용하거나 직접 회계정보를 이용할 때 해당 기업이 속한 산업의 시장구조에 주의를 기울여야 한다는 시사점을 제공할 것으로 기대한다. 또한, 규제기관에게는 경쟁제한적 시장구조를 개선하는 것이 시장 전체의 후생 극대화 측면뿐만 아니라 자본시장의 정보의 투명성 제고에도 긍정적인 영향을 미칠 수 있다는 시사점을 제공한다. This study is to find out how market competition in the product market affects real earnings management(REM) in a company using the empirical analysis. The market is where the specific commodity and services are bought and sold. As there are the behaviors trying to buy and sell things, there occurs the relation between people for getting the best conditions or profits. As such, the motive for causing the demand and supply in the market is the pursuit for profit. The accounting information is the result of the strategic execution under the competition of product market. Therefore, behaviors related to the generation of a firm`s accounting information can be different according to the market competition where the company belongs to. Nonetheless, there is no sufficient research on companies` behavior regarding the accounting side depending on market competition. So, this study will focus on how market competition would affect real earnings management, which is deemed to be an option of accounting choice made by manager. Real earnings management is made in a way that the specific profit target is met by changing the period and size of production, sale of products, investment and financial activities. As it directly affects the actual allocation of resources for the company, it can be deemed as one of corporate strategy. Accordingly, it can be predicted that market competition in an industry, which is one of the external corporate governance structure significantly affects real earnings management of the company. Thus, the study was conducted on how market competition in an industry would affect the behavior of producing the accounting information or particularly real earnings management. The study was conducted on the listed companies having the fiscal year ending in December except banking companies. The study was made on 4,583 companies- year from 2002 to 2010. The results of analysis are as follows. First, the industry having higher level of monopoly (low competition) have more intention of raising profit through real earnings management. This result shows that in the Korean management environment, the more monopolistic an industry is (or lower competition in the industry), the companies in the industry are likely to use real earnings management as in that case the regulatory agencies are hard to catch real earnings management. In addition, this result can be explained based on the prior literature which shows that the more competitive the industry is, the stronger the external governance`s effect becomes, thus decreasing real earnings management. Second, the better the internal corporate governance of the company is, the weaker the relation between industrial concentration and real earnings management becomes. This can be said that the internal corporate governance and external corporate governance interact in a way that they decrease earnings management. The additional analysis showed that there are the complementary relation between real earnings management and accrual earningsmanagement(discretionary accruals). The complementary relation was found to be strong, particularly in the relation between real earnings management and the unexpected part of accrual earnings management. In addition, as the lower the market competition(the higher the industrial concentration) in the industry becomes, the more the company prefers real earnings management to accrual earnings management. This study is expected to provide a valuable implications to the stakeholders in capital market by analysing the effect of market competition in the industry on real earnings management. Based on the findings of this study, the financial analysts should pay close attention to the effects of market competition on real earnings management in the process of providing predictive information of companies. Also, investors would be careful in using such predictive information and direct accounting information in the investment decision-making process. Additionally, regulatory agencies may use the information on the level of market competition of each firm in deciding priorities in monitoring. This study shows the interesting results through the empirical analysis. But there are still measurement error regarding test variables and estimated variables. The subsequent study shall be done to make up for the limitations.

Influence of the Alveolar Cleft Type on Preoperative Estimation Using 3D CT Assessment for Alveolar Cleft

Choi, Hang Suk,Choi, Hyun Gon,Kim, Soon Heum,Park, Hyung Jun,Shin, Dong Hyeok,Jo, Dong In,Kim, Cheol Keun,Uhm, Ki Il Korean Society of Plastic and Reconstructive Surge 2012 Archives of Plastic Surgery Vol.39 No.5

Background The bone graft for the alveolar cleft has been accepted as one of the essential treatments for cleft lip patients. Precise preoperative measurement of the architecture and size of the bone defect in alveolar cleft has been considered helpful for increasing the success rate of bone grafting because those features may vary with the cleft type. Recently, some studies have reported on the usefulness of three-dimensional (3D) computed tomography (CT) assessment of alveolar bone defect; however, no study on the possible implication of the cleft type on the difference between the presumed and actual value has been conducted yet. We aimed to evaluate the clinical predictability of such measurement using 3D CT assessment according to the cleft type. Methods The study consisted of 47 pediatric patients. The subjects were divided according to the cleft type. CT was performed before the graft operation and assessed using image analysis software. The statistical significance of the difference between the preoperative estimation and intraoperative measurement was analyzed. Results The difference between the preoperative and intraoperative values were $-0.1{\pm}0.3cm^3$ (P=0.084). There was no significant intergroup difference, but the groups with a cleft palate showed a significant difference of $-0.2{\pm}0.3cm^3$ (P<0.05). Conclusions Assessment of the alveolar cleft volume using 3D CT scan data and image analysis software can help in selecting the optimal graft procedure and extracting the correct volume of cancellous bone for grafting. Considering the cleft type, it would be helpful to extract an additional volume of $0.2cm^3$ in the presence of a cleft palate.

Study on Dust fall in Busan city

Yun,Il,Kim,Jack C.,Lim,Gyong-Teck,Shin,Hong-Dae,Park,Hung-Sick,An,Geong-Moon 부산대학교 환경문제 연구소 1983 環境硏究報 Vol.1 No.-

Dust fall was measured in the area of Busan City by the deposit gauge in the period of 1981. Dust fall is not provided in Korean, Japanese and American Ambient Air Quality Standards, but it is provided in Argentine, Colombia, Finland, Hungary, Poland, Spain and West Germany. Annual averge was 11.26ton/㎢/month, annual maximum was 47.38ton/㎢/month, and annual minimum was 2.78ton/㎢. Only residential area meets the West Germany Standard. It was observed that industrial area was higher than any other areas. Stack emission control should be conducted more strictly.

자기효과를 이용한 광 Scanner의 반사각 개선

김흥근(Hung-Gun Kim),박경일(Kyung-Il Park),신광호(Kwang-Ho Shin),사공건(Geon Sa Gong) 대한전기학회 2004 대한전기학회 학술대회 논문집 Vol.2004 No.7

Geumeunyoungji-tang Inhibits Serum IgE Level in Mouse Dermatitis Induced by 2,4-dinitrofluorobenzene

Manh Hung Phan,Yong Deok Jeon,Min Cheol Kim,Su Jin Kim,Dae Seung Kim,Dong Yeul Kwon,Seong Hee Kim,Seung Il No,Hyun Jeong Kim,Hyun Ji Shin,Jae Young Um,Seung Heon Hong 한의병리학회 2014 동의생리병리학회지 Vol.28 No.2

초등(初等) 수학(數學)에서 수학사(數學史)를 리용(利用)한 프로그램 개발(開發) 연구(硏究) -관계 영역을 중심으로-

신항균 ( Hang Kyun Shin ),강수일 ( Soo Il Kang ),전인호 ( In Ho Jeon ) 서울교육대학교 초등교육연구원 1999 한국초등교육 Vol.10 No.1

초등(初等) 수학(數學)에서 수학사(數學史)를 리용(利用)한 프로그램 개발(開發) 연구(硏究) -관계 영역을 중심으로- A Study of Development of Teaching and Learning Materials Using The History of Mathematics in Elementary School Mathematics