A study on the effects of the COVID-19 pandemic on the financial reports of BIST 100 companies

In late 2019, the COVID-19 outbreak in Wuhan, China, spread to the world in a short time. The epidemic affected many things in a short time, especially the economy. The effects of the epidemic on businesses and their disclosure in financial statements are important in terms of revealing the situation of businesses in a realistic manner. The most important effect of the epidemic has been on the continuity of businesses. On the other hand, accounting estimates and assumptions, lease contracts, fair value calculations, tangible and intangible assets, inventories and financial instruments are the items that are likely to be affected by the epidemic. The study consists of three parts. In the first part of the study, the basic concepts, the effects of COVID-19 in the second part and the reporting of the effects of COVID- 19 by BIST 100 enterprises are discussed in the last part. In the study, mandatory explanations in the financial statements regarding the changes in the standards related to the items specified were investigated. In the application part of the study, the financial statement annexes and annual reports of the companies whose stocks are traded in Borsa Istanbul are examined and it is revealed to what extent the disclosure requirements related to the specified items are fulfilled by the companies. Thus, it has been reported how well BIST 100 businesses comply with the disclosure obligations about the effects of COVID-19. Keywords: Accountıng, COVID-19, Pandemic, BIST 100