지방자치단체 사회기반시설의 회계처리기준 개선방안

[Purpose]This study aims to suggest improvements for accounting standards of social infrastructure of local governments. [Methodology]This study presents problems and improvements by comparing and analyzing the current local government accounting standards, national accounting standards, international public sector accounting standards, US government accounting standards, and US federal government accounting standards. [Findings]The main results of this study are as follows. First, it is necessary to consider including interest expenses on borrowings in the acquisition cost, as is the case with international standards. Second, when local government grants the operator the right to earn revenue from third－party users, it is necessary to consider recognizing the right to use as a liability such as unearned revenue. Third, it is necessary to allow an appropriate depreciation method that reflects the decrease in economic benefits other than the straight－line method. Fourth, more detailed information on the infrastructure under the depreciation replacement method needs to be provided. Fifth, it is necessary to consider asset revaluation by fair value in order to enhance consistency with the National Accounting Standards and International Public Sector Accounting Standards. [Policy Implications]The results of this study will provide useful information for improving the accounting and disclosure of infrastructure owned and managed by local governments. In addition, the better information on social infrastructure will also help improve the quality of life of residents.