The importance and analysis of the financial fixed assets in the companies on the basis of the framework of CMB accounting and auditing standards

The aim of this thesis is to examine and explain?the importance of financial fixed assets ?, based on legal framework of Capital Market of Board, Turkish accounting and auditing standards.In this thesis, Turkish legal amendments for accounting and auditing policies examined. According to this information, the accounting, valuation and auditing process of financial fixes assets were emphasized. Then TMS-39 Financial Instruments: Recognition and Measurement TMS -28 Investments in Associates and TMS- 27 Consolidated and Separate Financial Statements Turkish accounting standards and Turkish Financial Reporting Standard for Small and Medium-sized Entities which are related to financial fixed assets were explained. The disharmonies between the uniform chart of accounts and accounting standards have been informed. In the last part, a survey was made to determine Certificated Public Accountants? the point of views on accounting standards.When the draft of New Turkish Commercial Code entry into force, all businesses in Turkey shall perform the accounting records in accordance with standards. In the survey, it was tried to determine the approaches of CPA on the accounting standards that related to financial fixed assets. The result of this survey showed that CPA did not have enough information about the accounting standards.As a result, it is necessary that the insufficiency and uncertainties between the accounting standards and Turkish accounting, auditing legal framework should be eliminated urgently to pass the accounting standards.Key Words:Financial Fixed Assets, Accounting Policy, Accounting Standarts, Auditing Standarts.