TMS 21 the effects of changes in foreign exchange rates standard and financial statements relationship

This study intends to explain the relationship between TMS-21 The Effects of Changes in Foreign Exchange Rates standard and the qualities of financial statements and financial information. For this purpose the inductive method is used, and with reference to the method, primarily financial information and the qualitative characteristics of the financial information are emphasized. The study aims to determine the compliance of the methods that are deemed suitable TMS-21 The Effects of Changes in Foreign Exchange Rates standard and the compliance of this methods, used for conversion of the foreign currency transactions and the financial reports of foreign entities to parent company's functional currency, to the qualitative characteristics of financial information.