The present general inventive concept relates to a method of compensating tilt using a two-axis geomagnetic sensor and an acceleration sensor and an apparatus. Using the principle where a geomagnetic field value measured in a state where one axis of the two-axis geomagnetic sensor is set up vertically is identical to a Z-axis geomagnetic field value, the Z-axis geomagnetic field value can be evaluated by using two axes of the two-axis geomagnetic sensor. Accordingly, an azimuth angle can be easily calculated, so that the azimuth angle changed by tilt can be compensated. Therefore, there is an effect that a constant azimuth can be always output even though tilt occurs. In addition, when a module of the two-axis geomagnetic sensor and the acceleration sensor is used in a mobile equipment, the two-axis geomagnetic sensor can automatically measure geomagnetic field values of three axes by a simple motion where a user vertically sets up or rotates up and down the mobile equipment. Therefore, there is an effect that a constant azimuth angle can be always output by compensating the azimuth angle changed by tilt.