HAVE WE REALLY BEEN USING THE INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRS) SINCE 2005? CASE OF TURKEY

Melissa N. CAGLE; Çağnur BALSARI; Fatih DALKILIÇ

Makale detayları

HAVE WE REALLY BEEN USING THE INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRS) SINCE 2005? CASE OF TURKEY

Yazarlar:

Melissa N. CAGLE | Çağnur BALSARI | Fatih DALKILIÇ

Yayıncı:

Sosyal Bilimler Araştırmaları Derneği

Dergi:

International Journal of Social Sciences and Humanity Studies 2015 Vol.7 Issue 1, pp.36-46

Belge Tipi:

Makale

Yayın Tarihi:

5/2015

Belge Dili:

Türkçe

Document ID (Org No.):

2000820001

Sıklık:

İki Yıllık

eISSN:

1309-8063

Özet:

 

─Abstract ─  Starting from the year 2002, the Turkish national regulatory agency has  undertaken an extensive role in the convergence efforts towards IFRS. In order to  support the transition, the Turkish Capital Markets Board (TCMB) implemented  several versions of IFRS, regulatory practices and compliance requirements- all  over the course of 15 years. The first effort undertaken in the road to IFRS  transition was the issuance of Series XI, No: 25 by the TCMB. However, Series  XI, No: 25 was not fully compatible with the international standard set and Series  XI, No: 27 was put into effect in order to allow the companies to refer to the  original IFRS when necessary. This has created three groups of reporting  companies; Series XI, no: 25 users, IAS/IFRS users and mixed users of both sets.  Nobes (2006) states that there is a risk that the process of translation will change  or lose meaning from the original version of the standard and as these various  IFRS are given legal status in various countries, this approach can potentially lead  to application differences between jurisdictions. In line with this argument, the  aim of the current study is to discuss impact of these differences on financial  report comparability and analysis in Turkey.

Makale detayları

HAVE WE REALLY BEEN USING THE INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRS) SINCE 2005? CASE OF TURKEY

Yazarlar: Melissa N. CAGLE | Çağnur BALSARI | Fatih DALKILIÇ

Yayıncı: Sosyal Bilimler Araştırmaları Derneği

Dergi: International Journal of Social Sciences and Humanity Studies 2015 Vol.7 Issue 1, pp.36-46

Belge Tipi: Makale

Yayın Tarihi: 5/2015

Belge Dili: Türkçe

Document ID (Org No.): 2000820001

Sıklık: İki Yıllık

eISSN: 1309-8063

Sayı

Yazarlar:

Melissa N. CAGLE | Çağnur BALSARI | Fatih DALKILIÇ

Yayıncı:

Sosyal Bilimler Araştırmaları Derneği

Dergi:

International Journal of Social Sciences and Humanity Studies 2015 Vol.7 Issue 1, pp.36-46

Belge Tipi:

Makale

Yayın Tarihi:

5/2015

Belge Dili:

Türkçe

Document ID (Org No.):

2000820001

Sıklık:

İki Yıllık

eISSN:

1309-8063