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Article 2
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A securities issuer ("issuer") shall establish an accounting system based on the nature of its accounting matters, the actual status and development of its business, and its management needs.<br/>The accounting system referred to in the preceding paragraph shall separately provide the following items, based on the nature of the issuer's business operations, and in a way that meets the needs of preparation of the consolidated financial reports and uniformity in the accounting policies of the issuer and its subsidiaries:<br/>1. A general description of the accounting system.<br/>2. A chart of journals and ledgers.<br/>3. Descriptions and uses of accounting items, accounting documents, account books, and accounting statements.<br/>4. General accounting procedures.<br/>5. Cost accounting procedures.<br/>6. Accounting for sales, purchases, and collections.<br/>7. Rules for payments and warehouse management.<br/>8. Other items required by the Financial Supervisory Commission (FSC).<br/>The issuer shall see to it that its subsidiaries establish their accounting systems in accordance with the preceding paragraph.
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