Comparative analysis of Azerbaijan and Turkey accounting systems

Accounting is an information system and this system is supposed to possess, proper and secure accountability of the transactions, the real situation reflecting financial tables and at the same time, comparability of these tables.Azerbaijan accounting system is based on old Soviet Union system. However, after getting independence in 1992 the accounting system in Azerbaijan is based on ?On Accounting System? Code of Azerbaijan Republic. Because of this reason, a work has started towards the adaptation to global accounting system. The accounting system of a country that is developing in many areas is made compulsory to satisfy the international standards.The purpose of this study is to analyze and compare the basic outlines of accounting systems which are implemented in Azerbaijan and Turkey and to define the advantages and disadvantages of the system being accepted in Azerbaijan.In this study, history of both countries? accounting system, `chart of account?, financial tables and country accounting standards are investigated, analyzed comparatively and results are evaluated.Keywords: Accounting System of Azerbaijan, Accounting System of Turkey, Chart of accounts.