Synopses of Statement on Auditing Standards(SAS) No. 82, "Consideration of Fraud in a Financial Statement Audit"

Lee, Giyoul 단국대학교 경영경제연구소 2000 經營, 經濟硏究 Vol.2 No.-

감사인이 감사대상회사의 종업원이나 경영자의 부정을 발견한 책임이 있는가는 오랫동안 논란의 대상이 되어왔다. 감사인은 "재무제표가 일반적으로 인정된 회계원칙에 따라 대체적으로 공정하게 작성되었다는 것"에 합리적 확신(reasonable assurance)을 표명하는 것을 목표로 하고 있다. 오류나 부정은 재무제표의 공정성을 왜곡시키나, 오류는 고의가 아닌 부주의로 인한 실수이므로 그 영향이 크지 않은 반면에 부정은 고의성을 갖고 있으며, 통상 중요한 액수를 포함하고 있어 재무제표에 중대한 영향을 끼친다. 특히 경영자의 부정은 감사인이 감사과정에서 적발하기 쉽지 않다. 왜냐하면 경영자는 그 위치를 이용하여 서류를 조작, 위조 도는 제 3자와의 담합 등으로 마치 합법적인 거래가 발생했던 것처럼 꾸밀 수 있기 때문이다. 미국공인회계사협회의 감사기준심의회는 감사인에게 종업원이나 경영자의 부정에 관한 경각심을 일깨우고 감사절차를 계획하고 수행하는 것을 돕기 위해 감사기준서 82호 "재무제표 감사에 있어서 부정 탐지에 관한 고찰"을 발행했다.

정부회계제도의 개선에 관한 연구 : 정부의 일반회계를 중심으로

전용기 단국대학교 경영경제연구소 1997 經營, 經濟硏究 Vol.1 No.-

Accounting is the process of identifying, measuring and communicating economic information to permit informed judgements and decisions by the users of the information and has an service activities towards a consideration of social welfare objectives. The social welfare viewpoint is concerned with the impacts of information on all the individuals making up society. The government is a kind of large social and economic organization having significant impacts on all the peoples of the nation. The information of governmental accounting must be useful to the various users of the information, consisted of external and internal interested groups including the administrative officers and the electorate. To be useful information system of governmental general accounting, we have to develop the governmental accounting principles or standards such as business financial accounting. This study has focused on the needs to improve current Korean governmental general accounting to the meaningful information system - to adopt the modified cash basis instead of cash basis and double-entry system from single-entry bookkeeping method.

M&A가 주가 및 경영성과에 미친 영향에 관한 연구 : A Literature Survey

신동령 단국대학교 경영경제연구소 1997 經營, 經濟硏究 Vol.1 No.-

This paper examines the impacts of M&A on the stock price the firm's performance through literature survey. We also investigates various types and motives of friendly as well as hostile takeovers; mergers, tender offer, going private transactions, divestitures. The results of numerous studies about M&a can be summarized as follows. First, in case of merger and tender offer, the stock price of target firms rise significantly, but the stock price of bidding firms does not change. Second, in case of restructuring transactions such as MBO, LBO, spinoff and selloff, the stock price of the related firms also rise significantly around the announcement date. Third, when the various barriers for preventing takeovers are initiated, the stock price falls. Fourth, the performance of firms after merger or LBO and MBO, improves much better in terms of profitability, cashflows, and productivity. Fifth, takeovers and market for corporate control do not cause managerial myopia. Rather after the shark repellents were initiated, the level of R&D expenditures was reduced. At the conclusion section, we present the implication of this literature survey for the current policy about M&A by the Korean government.

커뮤니케이션과 직무만족도에 관한 연구

신건호,이판응 단국대학교 경영경제연구소 1997 經營, 經濟硏究 Vol.1 No.-

Organization demands good communication for its effective operation. Furthermore, usually managers spend about 80% to 90% of their time for communication actions as means for managing individuals. For this reason it is quite clear how important communication is for effective decision-making prooess, establishing goals and effective implementation of management. Effective communication provides basis for human relationship within an orgdnization and stimulates mutual understanding within it. On the other hand unsatisfactory communication leads to piling up of discontents among members of the given organization and lack of cooperations stemming therefrom shall either delay the realization of the desired goals or lead to failure of its accomplishment. In light of such significance of communication for effective management of an organization this study analyzed characteristics of communications between different functional areas and ranks and the extent of impact by satisfaction factors in communcation on job satisfaction. From this analysis some useful ideas of effective communication have been found to incease job satisfaction as follows : Firstly, the satisfaction in communication had nothing to do with types of jobs. Secondly, depending on hierarchial order of the management there was difference in the degree of satisfaction in communication. Thirdly, the factors of satisfaction in communication showed comsiderable impact on the degree of job satisfaction. Finally, the impact of satisfaction in each communication on the extent of job satisfaction was very high.

CES함수 확장선을 제약으로 하는 투입산출모형

남보우 단국대학교 경영경제연구소 2000 經營, 經濟硏究 Vol.2 No.-

There are many applications which can rise to a input-output substitution model in economics and management science. Conventional analysis on input-output substitution model assumes perfect substitutability among commodities produced by alternative activities. Assumption of perfect substitutability, however, is likely to lead to "bang-bang" phenomena. In many real situations, such sensitive optimal solution behavior cannot be accepted. This paper develops an expansion path which have constant elasticity of substitution among alternative activities. Adopting the expansion path, this paper proposes an input-out substitution model with elasticity of substitution. The model well describes the real situations of decision and includes the ideal situation of perfect competition such as linear programing, so that the model is a robust and general one.

지방재정 확충을 위한 지방세제 개편방안

정해구 단국대학교 경영경제연구소 2000 經營, 經濟硏究 Vol.2 No.-

As the globalization and the localization have been progressing concurrently, the local finance turned out to be very important factor for the national economic development and stabilization. Expecially in Korea which began the local autonomy system so late in 1995, there are many subjects to pursue such as sufficient supply of local public goods, strengthening of local finance, etc. However the local finance of Korea to deal with these matters has some problems, these are the weakness of local finance, strong dependence of local finance on the central public finance, and financial disequilibrium among the local autonomies. In order to cope with these difficulties, above all we should improve local tax system. We can consider the introduction of local income tax and local sales tax for the first time in Korea, improvement of auto tax and land tax, and development of new tax sources.

Integer Solution to the Ring Loading Problem with Demand Splitting

Myung, Young-Soo 단국대학교 경영경제연구소 1997 經營, 經濟硏究 Vol.1 No.-

본 논문은 양방향으로의 Routing이 가능한 SONET 링의 최적용량을 결정하는 문제를 다루고 있다. 이 문제는 구조가 간단하지만 수요가 정수로 주어지더라도 해(solution)에 대한 정수조건을 무시하고 구한 최적해는 정수조건을 만족한다는 보장이 없게 된다. 본 논문에서는 문제의 툭수한 구조를 이용하면 소규모의 선형계획법을 풀어서 정수해를 구할 수 있는 효율적인 해법을 제시하기로 한다.

경제적 부가가치의 유용성에 관한 연구

한광식,서진원 단국대학교 경영경제연구소 2000 經營, 經濟硏究 Vol.2 No.-

Value of an enterprise can be represented by its market share, net sale and stock price etc. Among them stock price can be considered as representative index reflecting actual value of an enterprise. For this reason there should be adequate compensation to the investors for their investment. Under such consept EVA(Economic Value Add) is calculated by subtracting the cost of capital from the NOPAT(Net Operating After Tax). The aim of this study is to express effectiveness of EVA theoretically and indentify its effectiveness as an explanation for stock value (Cummulated Abnormal Return : CAR). This study show theoretically the greatest of utility of equity and harmony of executive and shareholders. the method of the empirical study is the regression analysis. therr are a dependent variable is CAR, independents variables are Price Earing Ration(PER), Return On Equity(ROE), Return on Asset(ROA), Return On Sales(ROS), EVA and Equity Ratio(ER). This study is to analysis of the study is that EVA is useful to information users. In order to test the above major hypothesis, the following minor hypothesis is divided. H₁ : EVA have information added for CAR. H₂ : EVA is no difference between brisk market and recessed market period. In conclusion, We have found the following though the empirical study. Result of analysis showed that EVA has overall effectiveness as an explanation on stock value (CAR) on stocks and it is identified that investors are making their investment after receiving advance information on difference between investment profitability and cost of capital. Analysis is made by dividing the period into brisk market and recessed market period. During the brisk market period EVA is appeared to have significant effectiveness as explanation on stock value(CAR), but during recessed market period it appeared to have no such significance as effective explanation. It is shown during brisk market period investment information on the difference between profitability rate and cost of capital rate is furnished in advance and being reflected to decision making by investors. And such result comes from the fact that during the period of recessed market due to presence of mixed information over-reaction of the investors and difference among enterprises with respect to its calculation of capital is deepened. For the purpose of increasing the value of an enterprise more effort shall be made to establish the composition ratio between own capital and other's capital properly and increase ratio of investment profitability to a level higher than cost of capital to bring about value of enterprise.

직무중심의 성과주의 인사제도

신건호,백정식 단국대학교 경영경제연구소 2000 經營, 經濟硏究 Vol.2 No.-

Corporate's mission is to creat values in market, to develop and to prolong. Management is to evaluate, to actualize values effectively in market. The thinking of outcomes in corporate has been changed from sales amount, profits to social contribution, environmental creation. The key of innovation is performance - The idea of intellectual performance. The management based performance focuses on the effective and high quality performance in individuals of organizations. The future role of H.R.M. is to develop High Performer at last, to raise the corporate's power of value creation. The realization of corporate's mission comes true through employee's job. Accountability is composed of performance and activity. the personnel management based job classification is quite different from person related. The most important definitions are Accountability and Competency. Job based compensation is different from Seniority based compensation. Job based compensation will actualize the corporate's needs for exemple reduction of persennel expenses and motivation of young employees. Performance Management System has an important role in Pay for Performance system. Competency is another important ability and characteristics to create performance. To recruit and to transfer someone who have motivation and characteristics, to teach them skills and knowledge will be realistic and effective.

공공스포츠 시설의 합리적 경영에 관한 연구

신두휴,신재휴 단국대학교 경영경제연구소 1997 經營, 經濟硏究 Vol.1 No.-

The purpose of this paper is to theoretically define rational management of public sport facilities due to changes of modern society. For the purpose, the factors of socio-economic environmental changes in management of sport facilities are identified, by utilizing systematic approaches. This paper also deals with why it is difficult to transfer noncommercial logic in public sectors to commercial logic, and presents theoretical model for rational management of sport facilities. The effective management of public sport facilities dose not depend on economic profits which are the ultimate purpose of businesses. It depends on socio-economic values which include social, economic and administrative factors. Rational management of public sports facilities is expected if local autonomies succeed in intergrating the characteristics of sports as public services.