open access

https://hdl.handle.net/2115/34882

Reality of Japanese Paid Vacation System : Consideration from International Accouting Standards and Management Practices on Un-used Portion of Paid Vacation

日本語

Buy-out

2008-10-31

Center for Advanced Tourism Studies, Hokkaido University

Advanced Tourism Studies

4

1-18

Since the adoption of the ILO Convention 52 in 1936 and the laws passed in France in the same year recognizing collective agreements, 40-hour weeks and paid vacation, the conditions of the compensated absences have been widely developed among major nations. Regrettably, current Japanese system of compensated absences has been fairly lagged behind the major developed countries. Taking the utilization rate of the paid vacation in Japan into consideration, recently lower than 50%, the actual situation is much worth. Furthermore, the issue of un-used portion of Japanese paid vacation, which will be vanished only in two years, has never been a labor issue or management issue. Unlike in other major industrial nations, Japanese accounting practices do not recognize the un-used portion as liabilities on financial statements. It is important to raise this issue among policy makers and management people beyond accountants and financial managers in light of global convergence of accounting principles being adopted by major developed countries so that serious discussion, both pros and cons, could be started at much bigger scale among Japanese people.

紀要論文

Version of Record