Comparison Of The Measurement And Accounting Principles Of Financial Assets In Terms Of The Financial Reporting Standard For Large And Medium-Sized Enterprises And Turkish Financial Reporting Standards

Abstract

The notification on Financial Reporting Standard for Large and Medium-Sized Enterprises that was prepared by Public Oversight, Accounting and Auditing Standards Authority was published on 29/07/2017 and entered. According to this; enterprises that subject to independent audit and don’t apply Turkish Financial Reporting Standards (TFRS) must prepare their financial statements according to this new set during fiscal periods starting on after 01/01/2018. In this study, comparison of financial assets that have an important place in TFRS set have been made in terms of TFRS and Financial Reporting Standard for Large and Medium-Sized Companies. At the end of the study, several examples have been presented to explain the detected differences.