Samil Accounting Corporation Successfully Hosts Online Seminar Introducing 'STARS' Accounting System for Public Interest Corporations

[Asia Economy Reporter Ji-hwan Park] Samil Accounting Corporation announced on the 17th that it held a 'Public Interest Corporation Accounting System STARs Introduction Webinar' on the 16th.

About 170 practitioners working at domestic public interest corporations attended this webinar. The webinar introduced STARs, a public interest corporation accounting system developed as a social contribution activity to commemorate the 50th anniversary of Samil Accounting Corporation, and proceeded with explanations of the system's development purpose, features, main functions, and usage methods.

Center Director Young-sun Byun said, "It was developed with the aim of helping small-scale public interest corporations more easily produce financial information based on public interest corporation accounting standards," and emphasized, "If as many users as possible use it and provide improvement directions and opinions, this system will gradually evolve."

Partner Jun-geol Choi, who has been in charge of financial innovation and system construction for general companies at PwC Consulting, explained, "We built an Excel-based system that can be used without separate IT investment and is easy to manage," adding, "We enhanced usability by providing functions based on public interest corporation accounting standards and help features for each screen so that users can understand how to use it as easily as possible."

Finally, Accountant Seong-ho Park of the Nonprofit Corporation Support Center demonstrated STARs directly and explained its main functions such as basic information input, voucher entry, common expense allocation through settlement functions, and financial statement generation.

A representative of Samil Accounting Corporation stated, "After distributing STARs at the end of this year, we will prepare quarterly training programs for users of public interest corporations that will actively use it from 2021, providing not only efficient system use but also Q&A sessions on public interest corporation accounting and tax processing."

STARs will be available for free to any accounting personnel working at domestic public interest corporations starting from the 21st. More detailed information, including installation methods, can be found on the Samil Accounting Corporation website. Samil Accounting Corporation also plans to release video lectures explaining how to use the system on its official YouTube channel.

This content was produced with the assistance of AI translation services.