UFRS 15 (Revenue standard from contracts made with customers)tas 18 and tas 11 standards wi̇ll also be explai̇ned and i̇nterpreted wi̇th vari̇ous examples

Businesses' accounting practices differ in terms of revenue, meaning or definition. Removing of these differences, revenue‟s being clear and having only one definition is needed. Users of financial information, the dynamics of the ever-evolving world economy, need the financial information which is an ability to get a clear answer to the usual periodicity, transparent in an international level, understandable and comparable. In terms of eliminating these needs, the preparation of accounting systems that speak the same language and apply the same standards has become inevitable. In this context, the insufficiency of TMS 18 (Revenue Standard) and TMS 11 (Construction Contracts), which had been previously prepared, necessitated a new study. UFRS 15 (Revenue Standard from Contracts Made with Customers), was started to be worked on in 2010 and started to be implemented on 28 May 2014 and to be implemented in annual reporting periods starting from 1 January 2017 will replace TMS 11 (Construction Contracts) and TMS 18 (Revenue Standard). In this study, the existing TAS 18 and TAS 11 Standards and New Revenue Standard IFRS 15 will be explained and interpreted separately, and the innovations introduced by the New Revenue Standard will also be explained and interpreted with various examples.