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Free Practice Questions for Korea 재경관리사

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Key Facts: Korea 재경관리사 Exam

120 questions

Official items (40 재무회계, 40 세무회계, 40 원가관리회계)

https://www.pwc.com/kr/ko/events/certificate.html

150 minutes

Official combined duration (14:00–16:30)

https://www.pwc.com/kr/ko/events/certificate.html

70 / 100 each

Official per-subject pass mark (과목별 70점)

https://www.pwc.com/kr/ko/events/certificate.html

KRW 70,000

Official examination fee (certificate KRW 5,000 extra)

https://www.pwc.com/kr/ko/events/samilexam.html

8 sittings / year

Regular nationwide administrations published by PwC Korea

https://www.pwc.com/kr/ko/events/certificate.html

24.84%

PQI 2025 재경관리사 pass rate (6,117 of 24,624 examinees)

https://www.pqi.or.kr/inf/qul/infQulBasDetail.do?qulId=192

재경관리사 is Samil PwC's nationally accredited three-subject exam: 120 Korean MCQs in 150 minutes, 70/100 required in 재무회계, 세무회계, and 원가관리회계, fee KRW 70,000. OpenExamPrep offers independent English MCQ practice for those topics, not an official translation.

Sample Korea 재경관리사 Practice Questions

Try these sample questions to review concepts for the Korea 재경관리사 exam. Each question includes a detailed explanation. Start the interactive quiz above for the full 100+ question experience with AI tutoring.

1Under the K-IFRS Conceptual Framework for Financial Reporting (재무보고를 위한 개념체계), which statement about the qualitative characteristics of useful financial information is NOT correct?
A.The fundamental qualitative characteristics are relevance (목적적합성) and faithful representation (충실한 표현).
B.Relevant information has predictive value (예측가치) or confirmatory value (확인가치), and those two values are interrelated.
C.Faithful representation requires a description that is complete, neutral, and perfectly accurate in every respect, so estimates are not permitted.
D.The enhancing qualitative characteristics are comparability, verifiability, timeliness, and understandability, and they improve the usefulness of information that already has the fundamental characteristics.
Explanation: Faithful representation means the depiction is complete, neutral, and free from error. Free from error means the process is described without error and an appropriate process has been applied; it does not require perfect accuracy in every respect or prohibit estimates. Much financial information necessarily rests on reasonable estimates and measurement uncertainty.
2Under K-IFRS 1001 Presentation of Financial Statements (재무제표 표시), which statement about general principles for financial statements is correct?
A.Revenue and expenses may be offset at management's discretion and presented on a net basis even when K-IFRS neither requires nor permits offsetting.
B.If there is significant doubt about going-concern ability, the entity still prepares the statements on a going-concern basis and may omit note disclosure of the uncertainty.
C.An entity whose financial statements comply with Korean International Financial Reporting Standards must make an explicit and unreserved statement of that compliance in the notes.
D.Immaterial items must always be presented separately on the face of the statements if they differ in nature or function.
Explanation: K-IFRS 1001 requires an explicit and unreserved statement of compliance with Korean IFRS in the notes when the statements comply. Assets and liabilities, and income and expenses, may not be offset unless a Standard requires or permits it. Going-concern uncertainties must be disclosed, and immaterial items of a similar nature or function may be aggregated.
3During 2024, Samil Corp. ((주)삼일) purchased merchandise for KRW 1,000,000, paid inbound freight of KRW 50,000, received a purchase discount of KRW 20,000, and incurred KRW 30,000 of abnormal spoilage from careless handling in transit. What is the inventory acquisition cost under K-IFRS 1002 Inventories (재고자산)?
A.KRW 1,000,000
B.KRW 1,030,000
C.KRW 1,050,000
D.KRW 1,060,000
Explanation: Inventory cost includes the purchase price plus directly attributable costs of bringing the goods to their present location and condition, such as inbound freight, and is reduced by purchase discounts. Abnormal waste is expensed in the period incurred and is not capitalized. Acquisition cost is therefore KRW 1,000,000 + KRW 50,000 − KRW 20,000 = KRW 1,030,000.
4Samil Corp. ((주)삼일) year-end inventory count shows 800 units on hand at a unit cost of KRW 500. Book quantity is 1,000 units. Of the 200-unit shrinkage, 60% is normal and 40% is abnormal. Expected selling price is KRW 480 per unit and selling costs are KRW 30 per unit. What amount is reported for inventories on the 2024 statement of financial position under K-IFRS?
A.KRW 360,000
B.KRW 384,000
C.KRW 400,000
D.KRW 450,000
Explanation: Only units physically on hand are measured, at the lower of cost and net realizable value (NRV). NRV is KRW 480 − KRW 30 = KRW 450, which is below unit cost of KRW 500, so each of the 800 units is measured at KRW 450. Reported inventory is 800 × KRW 450 = KRW 360,000. Normal shrinkage is charged to cost of sales and abnormal shrinkage to other expense; neither remains in ending inventory.
5Prices are rising and ending inventory quantity exceeds beginning inventory quantity. Compared with the moving-average or weighted-average method, which result of using FIFO (선입선출법) is correct?
A.Cost of goods sold is the highest.
B.Ending inventory is the lowest.
C.Profit for the period is the highest.
D.Income tax expense is the lowest.
Explanation: In a period of rising prices, FIFO assigns older, lower costs to cost of goods sold, so COGS is lowest and ending inventory is highest. The lower COGS produces the highest profit and therefore the highest income tax expense among these cost-flow methods.
6On 1 January 2024, Samil Corp. ((주)삼일) acquired a machine for KRW 1,000,000. Useful life is 5 years and residual value is KRW 100,000. Using the sum-of-the-years'-digits method (연수합계법), what depreciation expense is recognized in 2025 (year 2)?
A.KRW 180,000
B.KRW 240,000
C.KRW 266,667
D.KRW 300,000
Explanation: Depreciable amount is KRW 1,000,000 − KRW 100,000 = KRW 900,000. The SYD denominator is 1+2+3+4+5 = 15. Year 2 uses the fraction 4/15, so depreciation is KRW 900,000 × 4/15 = KRW 240,000. Year 1 would have been KRW 900,000 × 5/15 = KRW 300,000.
7On 1 January 2024, Samil Corp. ((주)삼일) acquired land for KRW 5,000,000 and elected the revaluation model (재평가모형). Fair value was KRW 4,600,000 at 31 December 2024 and KRW 5,300,000 at 31 December 2025. What amounts of profit or loss (재평가이익) and other comprehensive income (재평가잉여금) are recognized at the 2025 year-end revaluation?
A.Profit or loss KRW 700,000; OCI KRW 0
B.Profit or loss KRW 400,000; OCI KRW 300,000
C.Profit or loss KRW 0; OCI KRW 700,000
D.Profit or loss KRW 300,000; OCI KRW 400,000
Explanation: In 2024 the land fell from KRW 5,000,000 to KRW 4,600,000 with no existing revaluation surplus, so the full KRW 400,000 decrease was recognized in profit or loss. In 2025 the KRW 700,000 increase first reverses that prior P&L loss of KRW 400,000 in profit or loss; the remaining KRW 300,000 is recognized in OCI as a revaluation surplus.
8Under K-IFRS 1023 Borrowing Costs (차입원가), which statement is NOT correct?
A.Borrowing costs directly attributable to the acquisition, construction, or production of a qualifying asset are capitalized as part of that asset's cost.
B.Land is not a qualifying asset unless a substantial period is required to get it ready for its intended use.
C.For specific borrowings used to obtain a qualifying asset, investment income on temporary investment of unused funds is deducted in determining capitalized borrowing costs.
D.When computing the capitalization rate on general borrowings, borrowing costs on specific borrowings must always be included in the weighted-average borrowing cost.
Explanation: The capitalization rate on general borrowings is the weighted average of borrowing costs on outstanding borrowings other than specific borrowings drawn to obtain the qualifying asset. Specific borrowings are therefore excluded from that weighted-average rate. Qualifying-asset capitalization, the land exception, and the netting of temporary investment income on specific unused funds are all consistent with K-IFRS 1023.
9Under K-IFRS 1038 Intangible Assets (무형자산), which statement is NOT correct?
A.Expenditure in the research phase is recognized as an expense when incurred.
B.An intangible asset with an indefinite useful life is not amortized and is tested for impairment annually and whenever there is an indication of impairment.
C.Internally generated goodwill may be recognized as an intangible asset if future economic benefits are probable and cost can be measured reliably.
D.Development-phase expenditure is recognized as an intangible asset (development cost) only if all six recognition criteria, including technical feasibility and ability to generate future economic benefits, are met.
Explanation: Internally generated goodwill is not an identifiable resource controlled by the entity and its cost cannot be measured reliably, so K-IFRS 1038 never permits its recognition. Only goodwill acquired in a business combination is recognized as an asset. Research costs are expensed, indefinite-life intangibles are not amortized, and development costs require all six capitalization criteria.
10Under K-IFRS 1040 Investment Property (투자부동산), which statement about subsequent measurement models is correct?
A.Under the fair value model the entity continues to depreciate the property, and fair-value changes are recognized in other comprehensive income.
B.Under the fair value model the entity does not depreciate the property, and gains or losses from fair-value changes are recognized in profit or loss in the period they arise.
C.Even if the cost model is chosen, the entity must restate the carrying amount on the statement of financial position to fair value at each year-end.
D.An entity may freely mix the fair value model and the cost model for different investment properties within the same entity.
Explanation: Unlike the PPE revaluation model, the K-IFRS 1040 fair value model does not depreciate investment property, and all fair-value changes go through profit or loss. The entity must apply one model to all investment property, with limited exceptions, and the cost model keeps historical cost less depreciation and impairment, with fair value disclosed rather than used to restate the face amount.

About the Korea 재경관리사 Exam

재경관리사 is Samil PwC's top nationally accredited accounting-manager grade (국가공인 민간자격 등록번호 2008-0106; 금융위원회 제2019-3호). PQI lists the English name CAM (Certified Accounting Manager). PwC Korea describes it as a test of finance-function responsibility across 재무회계, 세무회계, and 원가관리회계. The official Korean paper has 120 four-option items in 150 minutes and a 70-point floor on each subject, with no age, education, or experience gate. OpenExamPrep provides independent 재경관리사 practice: an English-language 100-item four-option MCQ study adaptation. It is not an official translation, past paper, or substitute for the Korean sitting.

Exam sponsor: Samil PwC (삼일회계법인 / samilexam.com). The requirements and fees below concern the certification or admission exam, separate from our free practice resources.

Assessment

Three subjects in one 150-minute session (official clock 14:00–16:30): 재무회계 40 items, 세무회계 40 items, 원가관리회계 40 items. Each subject is scored out of 100. Pass requires 70 on every subject.

Time Limit

150 minutes

Passing Score

70 points or higher out of 100 in each of 재무회계, 세무회계, and 원가관리회계

Exam / Certification Fees

KRW 70,000 (certificate issuance KRW 5,000 extra)

Exam sponsor website

Reported exam pass rate: 24.84% (PQI 2025, 재경관리사). Private Qualification Information Service (pqi.or.kr qulId=192) 2025 table: 24,624 examinees, 6,117 certificants, 8 sittings. This describes exam candidates, not OpenExamPrep users or results from using our resources. Exam sponsor website

Fees, eligibility, and exam policies can change. Confirm them with the exam sponsor before applying or paying.

Official sources

Our practice resources: topics covered

We aim to reflect publicly available exam outlines and topic information in our study resources. Coverage, format, and difficulty may differ from the actual exam, and we cannot guarantee that every detail is accurate or current. Confirm exam requirements, fees, and policies with the official exam sponsor.

34%

K-IFRS financial accounting (재무회계)

Conceptual framework, K-IFRS 1001/1002/1016/1109/1115/1116 topics typically tested for this paper: inventories, PPE, financial instruments, bonds, leases, revenue, and cash flows. Official share is 40 of 120 items.

33%

Tax accounting (세무회계)

국세기본법, 법인세법 세무조정 (익금산입/손금불산입 and income disposition), 부가가치세법, and 소득세법. Official share is 40 of 120 items.

33%

Cost and management accounting (원가관리회계)

Job and process costing, equivalent units, joint products, standard-cost variances, absorption versus variable costing, CVP, relevant costing, and ROI/RI/EVA. Official share is 40 of 120 items.

Preparing for the Korea 재경관리사 Exam

What You Need to Know

  • Passing score: 70 points or higher out of 100 in each of 재무회계, 세무회계, and 원가관리회계
  • Assessment: Three subjects in one 150-minute session (official clock 14:00–16:30): 재무회계 40 items, 세무회계 40 items, 원가관리회계 40 items. Each subject is scored out of 100. Pass requires 70 on every subject.
  • Time limit: 150 minutes
  • Exam / certification fees: KRW 70,000 (certificate issuance KRW 5,000 extra) Official sources

Using Our Practice Resources

  • Work through all 100 available questions
  • Review every answer and explanation
  • Track weak areas and revisit them
  • Use our AI tutor for tough concepts

Korea 재경관리사: Suggested Study Strategy

1Treat the 과목별 70-point floor as a hard constraint: a high 재무회계 score cannot rescue a weak 원가관리회계 score.
2Practice 세무조정 classifications (익금산입, 손금불산입, 손금산입, 익금불산입) and income disposition (유보, 기타사외유출, 상여/배당) with current Korean statutory limits rather than memorizing English textbook labels alone.
3Drill equivalent-unit, CVP, and four-way overhead-variance calculations in KRW until the arithmetic is automatic; those items consume time in the 150-minute combined sitting.
4Remember that this OpenExamPrep bank is English study practice; the official sitting is Korean 객관식 4지선다, so keep the Korean standard and statute names (K-IFRS 1116, 법인세법, 완성품환산량) in your notes.

Frequently Asked Questions

What is the official 재경관리사 format and pass mark?

Samil PwC's official Korean paper is 120 four-option MCQs — 40 재무회계, 40 세무회계, and 40 원가관리회계 — in one 150-minute session (14:00–16:30). Each subject is scored out of 100. Candidates must score 70 or higher on every subject; falling below 70 on any one subject fails the sitting.

Is this OpenExamPrep bank an official translation or an official-format simulation?

No. The official exam is a Korean-language 120-item three-subject paper. This page is independent 재경관리사 practice by OpenExamPrep: a 100-item English four-option MCQ study adaptation. It is not an official translation, not a past paper, and not a simulation of the Korean sitting.

Who administers 재경관리사 and how much does it cost?

삼일회계법인 (Samil PwC) issues the nationally accredited private qualification (등록번호 2008-0106; 금융위원회 제2019-3호). PwC Korea publishes KRW 70,000 for the exam and KRW 5,000 for certificate issuance. Register at samilexam.com.

How does 재경관리사 differ from 회계관리 1급?

회계관리 1급 tests 재무회계 and 세무회계 only (80 items, 100 minutes). 재경관리사 adds 원가관리회계 and uses a 150-minute, 120-item sitting with a 70-point floor on all three subjects.

Is OpenExamPrep affiliated with Samil PwC?

No. OpenExamPrep publishes independent 재경관리사 practice. It does not claim Samil PwC approval, partnership, or exact equivalence to the official Korean paper.