Valuation of tangible fixed assets in terms of Turkey Tax Procedure Law and Turkey Accounting Standarts

With the globalization, the World has almost become a small village, and mobility has accelerated. International partnerships, trade relations and international financing have became commonplace. Today, a person or a company can invest for a company that residing in another country. Capital can move to all around the World. So, investors and creditors need financial statements that can be understand by residents and nonresidents. Because of the financial statements are prepared within the framework of the domestic legislation of the countries, thes can not fully meet the needs of the people who need these tables in the international environment. Therefore the International Accounting Standarts (IAS) and International Financial Reporting Standarts (IFRS) have been published for prepare to financial statement. Turkey published Turkey Accounting Standarts (TMS) and Turkey Financial Reporting Standarts (TFRS) according to IAS and IFRS. Our dissertation is focusing and analysing differencies valuation of tangible fixed assets in terms of Turkey Accounting Standarts and Tax Procedure Law.