International financial reporting standards-2 and TMS-2 inventory standard?s comparing

Difference of accounting standarts in some countries making difficulties at comparing of financial information, creating barriers on collection period of fonds, marketing between international companies and also creating difficulties at combinations. All these causes show us that all countries need to use same accounting standarts or make different standarts suitable once. In this case our country needs to use International Financial Reporting Standarts (IFRS). By many users IFRS has been studied to get profit of economic solutions as managment's financial position, performance and about money circulations. IFRS would be chance for users of financial datas because of using same accounting borders and helps at comparing financial information as international.This text represents creation, historical progress, practice of IFRS in the world and in our country. Purpose of this study is importance of IFRS for our country and to catch progress of the world?s accountancy occupation with financial report systems. Subject supported with practice on Stocks? Standard, Turkish Accountancy Standard and National Financial Reporting Standards.