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.

실물투자수익률 계산의 번거로움을 없애고 정확한 수익률을 구하기 위해서 투자사업에서 투자금과 수익금을 분리해야 한다. 투자 사업의 순현금흐름을 투자활동 현금흐름과 비투자활동 현금흐름을 분리하여 구할 수 있도록 현금흐름표를 변경하였다.