Provisions according to accounting standards, accounting, comparison of provisions with Tax Procedure Law

While making economic decisions, the companies which invest and operate internationally have difficulty in comparing the financial statements prepared according to the accounting systems which display variety and difference in the world. Therefore, providing comparable, reliable, and accurate financial information to the investors for the purpose of removing the differences among the national accounting systems will only be possible to comply with the internationally accepted standards on the country-based accounting standards. As an inevitable necessity for conducting the adjustment process for International Accounting Standards in our country, the "International Accounting Standards" (IAS) were translated into Turkish without any change, published as "Turkish Accounting Standards", and entered into force. However, a unity in the implementation of the accounting standards is not possible because of the existence of multiple legislations. Tax Procedure Law (TPL) is commonly valid for the enterprises but there are some differences which may influence the profit and loss of a company between Tax Procedure Law (TPL) and Turkish Accounting Standards (TAS). One of the most important differences among them is the 'provisions'. In this vein, the provisions were handled in Turkish Accounting Standards as "TAS-37 Provisions, Contingent Liabilities, and Contingent Assets". The aim of this study is to compare, recognise and analyse the provisions in Turkish Accounting Standards according to Tax Procedure Law (TPL) with the case studies.