Recently, the emergence of so-called "three-lows" : a falling U.S. dollar, declines in world oil prices and decreasing interest rates, have altered the situation of the Korean economy. More particularly, recent literature and professional pronouncements are beginning to recognize the rights of all organizational participants to corporate reports, and not solely the shareholders. To accord with these wider responsibilities of corporates reports in which the value added approach is used to demonstrate the reality and legitimacy of the organizational rights of all participants in a firm. Corporate financial reports should give information in a complete and unbiased fashion for users to make informed decisions.
Value added is one of the major contributing factors to the national economic growths, and widely used as a measure of a firm's growth and prosperty. The information of value added provides outside users with the contents of the distribution of a firm's managerial performance, and enables them to measure its growth. Also, it is used as the criteria of the reconciliation of interested groups. It helps in the managerial planning and their control of its achievement. Therefore, value added accounting can be usefully applied for measuring the extent of the contribution of business firms to the national economy, and it can be used for manpower planning and management including proper decisions on employment, staffing, working conditions in a world of continuous change.
The objective of this research is to formulate conceptual foundation needed for the effective measurement and reporting of the value added, and also to make high the utility of financial statements for effective management of a firm.

Very little attention has been paid to the intricate patterns of attitudes and behaviors on the part of entrepreneur which constitute the feature of the small firm.
The aim of this survey is to examine the level of the achievement motive of the small businessman.
The result showed that the achievement motive level of Korean small businessman is relatively high. From the viewpoint of demographical characteristics, however, no significant difference was teased out.
The result of this study suggests that the enforcement of the training program for the management is critical in order to improve and develop the achievement motive of the small businessman.