The analysis of differences of applications of Turkey financial reporting standards (TFRS) and Tax Procedure Law from large and medium-sized enterprises financial reporting standards in accounting of real assets

Informational and system technologies, which have been growing worldwide, have developed the international economic relations and increased the importance of international investments. Developing technology has influenced both accounting and the other areas. Internationally developing economic relations have led to build a common language in accounting. Our country has been involved in this process with the publication of Turkish Accounting Standards and Financial Reporting Standards for Large and Medium-sized Enterprises. The objective of this study is to compare the provisions of Turkish Accounting Standards, Turkey Financial Reporting Standards and Tax Procedure Law with Large and Medium-sized Enterprises Financial Reporting Standards by examining the real assets. Since the differences between the regulations have been presented with the examples relevant to the topic, it will be beneficial for the businesses and financial information users that demand to make use of Large and Medium-sized Enterprises Financial Reporting Standards. This study consists of 3 chapters. In the first chapter, real assets have been examined in the scope of Large and Medium-sized Enterprises Financial Reporting Standards. In the second chapter, real assets have been examined in the scope of Tax Procedure Law and Turkish Accounting Standards. In the third chapter, the three regulations have been compared with the examplifications and the differences have been presented.