사학기관의 자본 및 기본금에 관한 연구

The importance of transparency of any organization today can't be overemphasized. One of the measures of securing transparency is that an organization makes public announcement of its accounting infor- mation prepared by double entry accounting system. Fortunately, the government demands that private schools should introduce double entry accounting system and strengthen public announcement of their accounting information. When making public announcement of accounting information, one should consider understa-ndability which is an important quality of information that permits its users to make reasonable decisions. However, in private schools institutes' current practice, two cases that seem to impair user's understandability are witnessed: using owner's equity(accounting rule) in their balance sheets is not correct for double entry accounting system, and the term of endowment (spe-cial rule) is not proper since it is not a general accounting term. Therefore, it is recommended that these two terms should be changed to net assets in order to enhance understandability for information users.