Balance sheet and income statement prepared according to the general communique on accounting system application, statement of financial statement of financial statement prepared according to financial reporting standards for large and medium-sized companies

International Accounting Standards/International Financial Reporting Standards (IAS/IFRS) have been published in order to ensure that the financial statements issued in international markets are arranged according to certain principles and principles and that they are understandable and comparable between countries. With the establishment of the Public Oversight, Accounting and Auditing Standards Institution (KGK) in our country, the studies in the field of standards have been united under a single institution. The fact that the Full Set of TMS/TFRS published by KGK was limited to KAYİK's caused the desired success to be achieved in the studies of compliance with the standards. For this purpose, the Financial Reporting Set (BOBI FRS) for Large and Medium Sized Enterprises has been published with the Repeated Gazette dated 29 July 2017 and numbered 30138, which has been prepared by the KGK in a more clear and understandable way that businesses that do not apply the Full Set of TMS/TFRS. BOBI FRS was revised in 2021 with various simplifications. In our study; The balance sheet and income statement prepared according to MSUGT and the financial position statement and profit or loss statement presented according to BOBI FRS were compared. The financial statement elements in both arrangements have been examined in detail and the differences between them are shown in the tables. Keywords: Financial Reporting Standard for Large and Medium Sized Enterprises (BOBI FRS), Accounting System Application General Communiqué (MSUGT), Balance Sheet, Income statement, Statement of Financial Position, Statement of Profit or Loss