A Study of the Implementation of Current Cost Accounting in the Republic of Korea Army Procurement Systems.

Abstract

This thesis examines the methods proposed and employed to recognize the effects of inflation in financial reporting in Republic of Korea Army (ROKA) procurement. A discussion of the nature of the ROKA procurement system and two alternatives to historical cost financial statements are presented. The concepts, methods and procedures of the historical cost/constant dollars financial statements are described. The proposal for current cost/constant dollars financial statements is presented and emphasis is given to the description of four problems in existing ROKA procurement due to using inadequate accounting information. Keywords: Cost accounting, Procurement, Current cost accounting system, Inflation, Physical capacity, Purchasing power gain, and Holding gain.

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Document Details

Document Type
Technical Report
Publication Date
Jun 01, 1986
Accession Number
ADA172325

Entities

People

  • Joo M. Lee

Organizations

  • Naval Postgraduate School

Tags

Communities of Interest

  • Energy and Power Technologies
  • Ground and Sea Platforms

DTIC Thesaurus Topics

  • Accounting
  • Acquisition
  • Army Procurement
  • Business Administration
  • Commerce
  • Contract Administration
  • Contractors
  • Contracts
  • Cost Reimbursement Contracts
  • Fixed Price Contracts
  • Government Procurement
  • Governments
  • Investments
  • Money
  • Processing Equipment
  • Procurement
  • Trade Associations

Readers

  • Defense Financial Management and Audit.
  • International Relations and European Studies
  • Systems Analysis and Design