The Korean Ministry of Education (MOE) required cash flow statements, instead of fund statements, as a component of the financial statements of the Industry-Academic Cooperation Foundations (IACF) when it revised IACF accounting rules in 2012.
While the fund statements were aligned its accounts to the operating statements’ accounts level, the newly adopted cash flow statements’ accounts retreated to two levels higher than those of the operating statements. It may be resulted from the consideration that IACFs’ burden of preparing cash flow statements especially in direct method. To help IACFs prepare the cash flow statements, MOE's guidance on IACF accounting rules introduced cash flow statement preparation method and presented a practical example, but it did not check whether the accounts of the cash flow statement were reconciled to the accounts of corresponding balance sheet and operating statement. That means that the guidance still lacks how to assure it was accurately prepared.
Our study proposed cash flow statement preparation using reconciliation method which reconciles cash flow statement accounts’ amounts to balance sheet and operating statement accounts’ amounts with integrity checking and also provided a practical example by using the same case in MOE’s guidance on IACF accounting rules to help IACF accounting personnel to prepare a cash flow statement efficiently.

1. 서 론
 2. 회계처리규칙의 주요 개정사항
 3. 회계처리규칙해설의 내용 분석
 4. 계정조정 방식의 현금흐름표 작성
 5. 산학협력단 현금흐름표 작성 사례
  5.1 사례의 제시
  5.2 계정조정 방식 현금흐름표 작성 사례
 6. 결 론
 References

• 강진화(The Graduate School of Public Policy and Information Technology, Seoul National University of Science & Technology) | Jinhwa Kang
• 안재경(The Graduate School of Public Policy and Information Technology, Seoul National University of Science & Technology) | Jaekyoung Ahn Corresponding Author