Currently more than 150 countries around the world have introduced or are expected to accommodate the International Financial Reporting Standards (IFRS) and more than 80% of OECD member countries are adopting international accounting standards. To respond to global trends, Korea have to apply international accounting standards from 2011 for listed companies. Public sector's accounting system is affected by the private sector's efforts in improving fiscal transparency, so financial reporting should be accordance with international accounting standards for public sector. In this paper, we improve the understanding of K-IFRS for public-sector and give assistance in the preparation for public-sector which should introduce international accounting standards in accordance with the road-map from 2013. The implementation strategy are as follows for successful introduction of international accounting standards. In particular, the quantitative indicators for the evaluation of the management of public sector need to be modified because fair value could adversely affect capital productivity indicators. And it is necessary to establish unified accounting principle and system of disclosure to compare the financial information between public sector