A comparative investigation of conservatism concept of accounting under allowances, provisions and reserves.

The main aim of this study is to define conservatism concept of accounting in different perspectives and to investigate detailed provisions, allowances, reserves, which are the results of conservatism concept. First, three concepts are defined. In this definitions it is clear to see, that different authors and different legislations have different perspectives, and according to their way of their search some of them are widened, and some of them are restricted. After the definitions, provisions are investigated under legal, national and international legislations and reserves are investigated according to the sources, which suggest their seperation differentiations, freedom of using, statement in balance sheet. After the detailed explanations of provisions, allowances and reserves, the comparison of these concepts takes part. In last chapter, there are some examples about that. In this study, it is apparent to see that the different arrangements and practices about allowances, provisions and reserves occur because of different views. But, financial statements must report the reality, and all of the users must understand the same thing from the financial reports. Because of this, financial statements should be prepared only according to the accounting standards.