附加價値會計商用可能性의 實證的 硏究

A empirical study on the feasibility of applying the added value accounting in Korea

Ⅰ. Introduction 1. Introduction Remarks The term “added value” can be defined as the net income of a firm which is the sum of money remaining after deducting all outside purchases from the sales revenue. The added value also represents a firm’s contribution to the Gross Domestic Product. Thus, the efficiency with which the management of a firm combines and manages its resources for the creation of added value is a matter of paramount importance not only to the firm directly concerned but also to the nation. A) Functions of Added Value While the concept and application of added value is relatively new in Korea, it is known to perform functions including the following: (1) Added value is one of the major contributing factors to the national economic growth. (2) Added value is widely used as a measure of a firm’s growth and prosperity. (3) Measurement and report on added value provides important information needed for effective managerial decision making in as managerial accounting is useful for managerial decision making. B) Importance and usefulness of Added Value Accounting Added value accounting can be usefully applied for the following purposes: (1) From the national economic standpoint, added value accounting is needed for social statistical purposes. That is to say, it is needed for measuring the extent of contribution of business firms to the national economy. (2) It is needed for calculating value input-output index that can be used for comparative analysis of inter-firm and inter-industry trends, and relationships. Added value accounting can also be used by a firm for the following purposes: (1) It can be used for determining the most economical and efficient business locations, scales of operation, utilization rate of production facilities, and the like. Proper decisions on such matters are required for efficient management. (2) It can be used for manpower planning and management including proper decisions on employment, staffing, working conditions, etc. 2. Objectives and Scope of the Research The objectives of this research are twofold. First is to formulate conceptual foundation needed for effective measurement and reporting of added value. It is also intended to ascertain the feasibility of applying value added concept for specific purposes given the circumstances. In carrying out the second objective, the specific concept of added value (meaning production value or gross added value) shall be applied to wage system using the model of Rucker Plan. 3. Methods of the Research For formulating the conceptual foundation needed for effective measurement and reporting of added value, various published information from the united States, West Germany, and Japan were used in this research. For empirically ascertaining the feasibility of applying added value concept to determining wage scales, statistical data from the Bank of Korea and the Korean Development Bank were used, such data were subjected to various statistical treatment for analysis. Ⅱ. Concept of Added Value Added value refers to the value autonomously created by a firm through the economical and efficient combination and management of such internal resources as manpower, capital, facilities, and materials. This autonomously created value is obtained by deducting the values of all outside purchases from the firm’s gross output value. An individual firm’s added value can be classified into the gross added value and net added value. the former refers to the value remaining of gross production value after deducting the values of all outside purchases, while the latter refers to the value remaining of gross production value after deducting depreciation charges, repair and maintenance costs, rentals, etc. Added value, also referred to as production value, is a measurement of the social contribution of firms to the national economy. Thus, the growth of national economy is greatly, dependent upon the value creating activities of