유형자산과 사회기반시설의 수선유지비에 대한 회계처리 개선방안

The purpose of this paper is to analyze how to improve national accounting standards and disclosures related to maintenance of fixed assets and infrastructure assets. Main suggestions from this study are as follows. First, the most important asset related to maintenance costs is social infrastructure assets(depreciation substitute infrastructure) not required to be depreciated as long as it’s service potential at the acquisition date are able to be preserved. However, financial statements of Ministry of Land, Infrastructure and Transport does not indicate whether annual maintenance cost budget is the amount that is needed to maintain the pavement condition level at the minimum grade 3. This could be evidence that minimum grade 3 may not be maintained. Second, detailed information related to maintain fixed assets under the control of National Government other than depreciation substitute infrastructure is not fully disclosed. More systematic measurement and disclosure of deferred maintenance costs are needed to increase the durability of infrastructure. Third, it is necessary to revise national financial accounting standards on infrastructure and other tangible assets. In particular, governmental accounting standard setter need to reconsider accounting for expenditures after initial recognition of fixed assets, heritage assets, and highways maintained by Korea Expressway Corporation. Finally, Government Accounting and Finance Statistics need to provide a standard handbook on accounting method and disclosure of fixed assets.