The evaluation of the stocks with regard to TMS-2/TPL and exploring the differences with respect to accounting applications

A result of the globalization, developing financial markets requires the common language of financial reporting. There are lots of significant works on common evaluating system of financial reporting which are produced in different countries and developing accounting applications which are applicable within an international systems. International Accounting Standards (IAS) which is developed by International Accounting Standards Board is the uppermost one which is accepted and applied in many of the country. Türkiye Financial / Accounting Reporting Standards (TFRS) are also generated based upon International Accounting Standards(IAS). Financial reports which are constituted according to decisions of Tax Procedure Law, will be constituted based upon Türkiye Accounting Standards (TMS) with the new Turkish Commercial Code (TTK) which will be coming into effect in 2012. The second one of Türkiye Accounting Standards are arranged according to to stocks. The stocks which are one of the most important assets of the enterprises have different cost factors and they affects the profit/loss. The important difference between TMS and TPL is related with the valuation. In the thesis, the stocks are evaluated with regard to TMS-2 and Tax Procedure Law (TPL), and the differences of accounting applications are explored comparatively.