Research on the central government accounting standards
Research on establishing and amending central government accounting standards and guidelines
Analysis and responses to inquiries related to national accounting standards and accounting guidelines
02
International cooperation related to the accrual basis of accounting
Identification of the latest trends concerning new and amended standards of IPSASB and comparative analysis of domestic and overseas accounting standards
Networking with overseas bodies that establish accounting standards and international bodies concerned in the accrual basis of accounting
03
Development of financial analysis techniques and research on utilization measures
Research on the measures to utilize accrual basis financial information
Raising public awareness of the national accounting system
Duties of the Financial Reporting and Education Team
01
Support for national financial settlements
Review of settlement reports from fund operators and central government agencies and response to accounting issues
Assistance in preparing national financial statements
Assistance in dealing with the Board of Audit and Inspection and the National Assembly
Assistance in interim inspections of financial settlements, preparation of settlement guidelines, etc.
02
National accounting education
Development of the related curriculum and content
Operation of specialized classes
Hosting of workshops for people in charge of settlement of accounts
Operation of an on-the-move national accounting class
Duties of the Finance Statistics Team
01
Calculation of the finance statistics
Calculation of the general government fiscal statistics in accordance with the O1GFS standards
Calculation of finance statistics for the public sector in accordance with the PSDS standards
Analysis of the finance statistics trends observed in major countries
Education on preparing finance statistics
02
Assistance provided to public agencies in settlement of accounts
Preparation of a consolidated settlement report for public enterprises
Response to inquiries related to settlement of accounts
Education on settlement of accounts provided to public enterprises and quasi-government agencies
03
Accounting standards for public corporations (public juristic persons)
Research on accounting standards applicable to public corporations
Analysis and response to inquiries related to the accounting standards applicable to public corporations
Central Government Accounting Advisory Committee
01
① Each advisory board shall be comprised of no more than 15 members ② Members shall be appointed as non-standing members, in principle ③ Members shall be nominated by the Director of GAFSC and be appointed by
the President of KIPF 1. A public official of at least Grade 5 from the Ministry of Economy and
Finance or the Board of Audit and Inspection 2. A professor specializing in accounting or a certified accountant
nominated by the Korean Accounting Association, Korean Association for Governmental
Accounting, or Korea Institute of Certified Public Accountants 3. An individual with rich expertise and experience in the field of
national finance and public accounting gained at home or abroad who is deemed vital to the
board by the Director of GAFSC
Consulting on all the important matters concerning national accounting
Public Finance Statistics Advisory Committee
01
① Each advisory board shall be comprised of no more than 15 members ② Members shall be appointed as non-standing members, in principle ③ Members shall be nominated by the Director of GAFSC and be appointed by
the President of KIPF 1. A public official of at least Grade 5 from the Ministry of Economy and
Finance or the Board of Audit and Inspection 2. A professor specializing in accounting or a certified accountant
nominated by the Korean Accounting Association, Korean Association for Governmental
Accounting, or Korea Institute of Certified Public Accountants 3. An individual with rich expertise and experience in the field of
national finance and public accounting gained at home or abroad who is deemed vital to the
board by the Director of GAFSC
Consulting on all the important matters concerning national accounting