Examnining of holdings financial statement in terms of Turkish accounting standard (TMS) -5 and international accounting standard (IAS) - 27 and an application

In the world, as all places, competition indicates itself among the companies. Companies have to have a strong structure over places in order to be successful at the competition among the companies. One way of the having strong structure for companies is growth. The most important choice of the growth for companies is to be holding company. As all companies, the holdings have relations with both near and far environment. Holdings see the necessity to inform their related near and far environment with their financial and economic situations. On the other hand, some institions such as partners, land holders, creditors, state and so on, needs to have information about holdings' financial and economic situations. The statements which indicates the financial and economic situations of companies are financial statement. The statements is which holdings present their financial and economic situations are consolidated financial statements. In order to present correct, objective and adequate informations in their consolidated financial statements, holdings' consolidated financial statements should be prepared according to national and international financial standards. The aim of this study is; by comparing Turkish Accounting Standard (TMS) - 5, Communique of the Capital Market board of Turkey (SPK) and International Accounting standard (IAS) - 27 pointing out the differences among these. More over, this study will describe the application of Turkish Accounting Standard (TMS) - 5. According to this aim, in the fist part of the study, it is given information about holdings, in the second part, transactions related the consolidation is examined in the respect of standards, and in the third part, on these basis of the basic financial statements of an imaginative group of company called SAFİR HOLDING AS., it is consolidated according to Turkish Accounting Standard (TMS) - 5.