Applied comparison of financial leasing transactions according as regulations of uniform accounting standards and Turkish accounting standards

As known, financial leasing can be defined as an investment that the ownership of the asset belongs to the lessor while the right of use belongs to the lessee. Thus, some problems occur in recognition of financial leasing. The problems in recognition of financial leasing have tried to be solved by new regulations at both in tax legislation and in Accounting Standards of Turkey. However, the regulations are not adequate to ensure a total accordance between systems.With this study, the recognition of financial leasing will discussed in the scope of uniform accounting system, Accounting Standards of Turkey and tax legislations and the differences will be presented by comparison between new and old regulations in the scope of those systems.