PART 01 Financial Accounting

Chapter 01 Conceptual Framework
Section 1 Purpose
Section 2 Conceptual Framework and Standards
Section 3 General Purpose Financial Reporting
Section 4: Qualitative Characteristics of Useful Financial Information
Section 5 Going Concern Assumption, Reporting Company
Section 6 Elements of Financial Statements
Section 7: Recognition and Removal
Section 8 Measurement
Section 9 Fair Value
Section 10: Capital and Capital Maintenance Concepts
Chapter 01 Multiple Choice Questions

Chapter 02 Financial Statement Presentation
Section 1 Financial Statements
Section 2 Financial Statements
Section 3 Comprehensive Income Statement
Chapter 02 Multiple Choice Questions

Chapter 03 Inventory Assets
Section 1 Initial Measurement of Inventory Assets
Section 2 Ending inventory amount
Section 3 Recognition of Inventory Assets
Section 4 Estimation of ending inventory amount
Section 5: Loss of depreciation and valuation loss
Section 6 Agriculture, Forestry and Fisheries
Chapter 03 Multiple Choice Questions

Chapter 04 Tangible Assets
Section 1 Recognition and Initial Measurement of Tangible Assets
Section 2 Subsequent expenditures on tangible assets
Section 3 Subsequent Measurement of Tangible Assets
Section 4 Impairment of Tangible Assets
Section 5 Capitalization of Borrowing Costs
Section 6: Sequence of capitalization of borrowing costs
Chapter 04 Multiple Choice Questions

Chapter 05 Intangible Assets
Section 1 Definition, Recognition, and Measurement of Intangible Assets
Section 2 Amortization of Intangible Assets
Section 3 Removal and Impairment of Intangible Assets
Section 4 Goodwill
Chapter 05 Multiple Choice Questions

Chapter 06 Investment Real Estate
Section 1: The meaning of investment real estate
Section 2 Initial Measurement of Investment Property
Section 3 Subsequent Measurement of Investment Property
Section 4. Transfer of investment property accounts
Chapter 06 Multiple Choice Questions

Chapter 07 Financial Assets
Section 1 Financial Products
Section 2 Cash and cash equivalents
Section 3 Accounts Receivable and Accounts Payable
Section 4 Other financial assets
Section 5 Investment Equity Products
Section 6 Investment Debt Products
Section 7 Impairment and Reclassification of Financial Assets
Discount of bills receivable in Section 8
Chapter 07 Multiple Choice Questions

Chapter 08 Financial Debt
Section 1 Recognition and Measurement of Financial Liabilities
Section 2 private loans
Section 3 Follow-up Measurement of Debt
Section 4 Redeemable preferred stock classified as financial debt
Chapter 08 Multiple Choice Questions

Chapter 09 Provisions and Contingent Liabilities
Section 1 Recognition requirements for reserve liabilities
Section 2 Estimation of reserve liabilities
Section 3 Other liabilities
Section 4 Payment and Changes in Reserve Liabilities
Section 5 Contingent Liabilities and Contingent Assets
Chapter 09 Multiple Choice Questions

Chapter 10 Capital
Section 1: The Meaning of Capital
Section 2 Classification of Capital
Section 3 Issuance of Stocks
Section 4 Steamed rice and potatoes
Section 5 Treasury stock
Section 6 Distribution of Dividends
Section 7 Disposal of Retained Earnings
Chapter 10 Multiple Choice Questions

Chapter 11 Complex Financial Products
Section 1 convertible bonds
Section 2 Exercise of conversion rights
Section 3 Repurchase and change of terms of convertible bonds
Section 4 convertible bonds
Chapter 11 Multiple Choice Questions

Chapter 12 Revenue from Contracts with Customers
Section 1 Definition of Profit
Section 2: Five Steps to Revenue Recognition
Section 3 Other Considerations
Chapter 12 Multiple Choice Questions

Chapter 13 Construction Contracts
Section 1 Construction Contract
Section 2: Construction work expected to result in losses
Section 3 When it is difficult to reliably measure progress
Chapter 13 Multiple Choice Questions

Chapter 14 Employee Compensation
Section 1 Employee Salaries
Section 2 Retirement Benefit System
Section 3 Presentation of financial statements for defined benefit plans
Chapter 14 Multiple Choice Questions

Chapter 15 Stock-Based Compensation
Section 1: Stock-settled stock-based compensation
Section 2 Cash-settled stock-based compensation
Chapter 15 Multiple Choice Questions

Chapter 16 Lease
Section 1: Cases classified as financial leases
Section 2 Accounting for Lessees
Section 3 Remeasurement of Lease Liabilities and Lease Modification
Section 4. Accounting for Lessors
Chapter 16 Multiple Choice Questions

Chapter 17 Corporate Tax Accounting
Section 1: Difference between accounting profit and taxable income
Section 2 Corporate Tax Accounting
Section 3: Corporate tax effects on capital
Chapter 17 Multiple Choice Questions

Chapter 18 Earnings per Share
Section 1 Earnings per share (EPS)
Section 2 Diluted earnings per share
Chapter 18 Multiple Choice Questions

Chapter 19 Accounting Changes and Error Corrections
Section 1 Accounting Changes
Section 2 error correction
Chapter 19 Multiple Choice Questions

Chapter 20 Cash Flow Statement
Section 1 Cash Flow Statement
Section 2 Cash Flows from Operating Activities: Direct Method or Indirect Method
Section 3 Cash Flows from Investing and Financing Activities
Chapter 20 Multiple Choice Questions

Chapter 21 Financial Statement Analysis
Section 1 Safety Ratio
Section 2 Profitability Ratio
Section 3 Activity Ratio
Chapter 21 Multiple Choice Questions

Chapter 22 Investment in Affiliated Companies
Section 1 Affiliated Companies
Chapter 22 Multiple Choice Questions

Chapter 23 Events after the reporting period and the effects of exchange rate fluctuations
Section 1 Types and Accounting Treatment of Events After the Reporting Period
Events after the reporting period requiring revision in Section 2
Section 3 Conversion of foreign currency assets and liabilities at the end of the reporting period
Chapter 23 Multiple Choice Questions

PART 02 Cost Management Accounting

Chapter 01 Cost Flow of a Manufacturing Company
Section 1: Various classification criteria for cost
Section 2 Cost Flow of Manufacturing Companies
Chapter 01 Multiple Choice Questions

Chapter 02 Individual Cost Calculation
Section 1 Actual individual cost calculation
Section 2 Normal Individual Cost Calculation
Section 3 Distribution Difference and Distribution Difference Adjustment
Chapter 02 Multiple Choice Questions

Chapter 03 Cost Allocation in Auxiliary Departments
Section 1 If there is only one auxiliary department
Section 2: If there are multiple auxiliary departments
Chapter 03 Multiple Choice Questions

Chapter 04 Activity-Based Costing
Section 1 Activity-Based Costing
Chapter 04 Multiple Choice Questions

Chapter 05 Comprehensive Cost Calculation
Section 1: Conversion amount of finished products
Section 2: Average method and FIFO method
Verse 3: Politeness
Chapter 05 Multiple Choice Questions

Chapter 06 Combined Costing
Section 1 What is combined cost?
Section 2: Combined Cost Allocation Method
Section 3: Additional Considerations for Combined Costs
Chapter 06 Multiple Choice Questions

Chapter 07 Full Costing, Variable Costing
Section 1: Full costing, variable costing, and super-variable costing
Section 2: Usefulness and limitations of each cost calculation method
Chapter 07 Multiple Choice Questions

Chapter 08 Estimating the Cost Function
Section 1 Estimation of the cost function
Chapter 08 Multiple Choice Questions

Chapter 09 Cost-Performance-Profit Analysis (CVP Analysis)
Section 1: Cost-Operating-Profit Analysis
Section 2 Break-even point and target profit
Section 3 Safety Limits
Section 4 Other CVP Analysis
Chapter 09 Multiple Choice Questions

Chapter 10 Standard Costing
Section 1 Standard Cost Calculation
Section 2 Cost Variance Analysis
Chapter 10 Multiple Choice Questions

Chapter 11 Related Costs and Decision Making
Section 1 Types of Decision-Making
Section 2 Incremental Approach (Difference Approach)
Section 3 Decision-making under constraints
Chapter 11 Multiple Choice Questions

Chapter 12 Determining Alternative Pricing
Section 1 What is the replacement price?
Section 2: Method of determining replacement price
Chapter 12 Multiple Choice Questions

Chapter 13 Comprehensive Budget
Section 1 Comprehensive Budget
Chapter 13 Multiple Choice Questions

Chapter 14: Investment Center Performance Evaluation
Section 1: Performance Evaluation of Investment Centers
Chapter 14 Multiple Choice Questions

Chapter 15: Modern Cost Management Accounting
Section 1 Balanced Scorecard
Section 2 Various cost calculations
Section 3 Quality Cost
Chapter 15 Multiple Choice Questions

PART 03 Financial Accounting Answers and Explanations

Chapter 01 Conceptual Framework
Chapter 02 Financial Statement Presentation
Chapter 03 Inventory Assets
Chapter 04 Tangible Assets
Chapter 05 Intangible Assets
Chapter 06 Investment Real Estate
Chapter 07 Financial Assets
Chapter 08 Financial Debt
Chapter 09 Provisions and Contingent Liabilities
Chapter 10 Capital
Chapter 11 Complex Financial Products
Chapter 12 Revenue from Contracts with Customers
Chapter 13 Construction Contracts
Chapter 14 Employee Compensation
Chapter 15 Stock-Based Compensation
Chapter 16 Lease
Chapter 17 Corporate Tax Accounting
Chapter 18 Earnings per Share
Chapter 19 Accounting Changes and Error Corrections
Chapter 20 Cash Flow Statement
Chapter 21 Financial Statement Analysis
Chapter 22 Investment in Affiliated Companies
Chapter 23 Events after the reporting period and the effects of exchange rate fluctuations

PART 04 Cost Management Accounting Answers and Explanations

Chapter 01 Cost Flow of a Manufacturing Company
Chapter 02 Individual Cost Calculation
Chapter 03 Cost Allocation in Auxiliary Departments
Chapter 04 Activity-Based Costing
Chapter 05 Comprehensive Cost Calculation
Chapter 06 Combined Costing
Chapter 07 Full Costing, Variable Costing
Chapter 08 Estimating the Cost Function
Chapter 09 Cost-Performance-Profit Analysis (CVP Analysis)
Chapter 10 Standard Costing
Chapter 11 Related Costs and Decision Making
Chapter 12 Determining Alternative Pricing
Chapter 13 Comprehensive Budget
Chapter 14: Investment Center Performance Evaluation
Chapter 15: Modern Cost Management Accounting

The revised edition of the textbook '2026 Real Estate Appraiser Accounting Problem Book (7th Edition)' has been published by Parkmungak Publishing Co., Ltd.


The 2026 Certified Real Estate Appraiser 1st Accounting Examination (7th Edition) can be used for a variety of accounting exams, and is specifically designed for candidates preparing for the Certified Real Estate Appraiser, Customs Broker, and Civil Service Exams.

First, the Financial Product Standards and the Revenue from Contracts with Customers and Lease Standards were included to reflect the revised standards.
Previous exam questions that were submitted before the revision of the standards were revised and supplemented, and previous exam questions that needed to be deleted were deleted.

Second, each section includes a summary of key points.
To help you recall what you learned in the theory course before solving the problem, we've included a key summary section for each section so that you can connect it to the problem solving.

Third, we have included sufficient questions from the customs broker exam that are similar in type and difficulty to those from the real estate appraiser exam, and we have also selected questions from the tax accountant and public accountant exams, so that you can experience the various types of questions that can appear in accounting.

I wish all test takers success in their exams.