Seoul Education Office Presents Common Accounting Standards for Kindergartens and Daycare Centers

The Seoul Metropolitan Office of Education announced on April 9 that it has created a 'Unified Early Childhood Education and Care Special Project Common Accounting Operation Guide' to lay the groundwork for the implementation of unified early childhood education and care this year. The guide will be distributed to kindergartens and daycare centers within the district during this month.

This was prepared to address the difficulty of applying the same standards to the accounting operations of special projects for unified early childhood education and care, as accounting guidelines for public/private kindergartens and daycare centers differ.

The main contents include: ▲ a comparison of accounting operations between kindergartens and daycare centers; ▲ common accounting operation principles; ▲ methods for formulating revenue and expenditure budgets for unified early childhood education and care special projects; and ▲ a guide for documenting income and expenditures for these special projects.

The Seoul Metropolitan Office of Education also plans to gradually develop a common accounting manual for kindergartens and daycare centers to minimize confusion in the field.

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