A resarch on the TFRS for smes the applicability of by professional accountants

To remain confronted with different accounting practices of companies in constituted an unpleasant situation with each passing day more and more globalization of the world economy. In many countries, studies were conducted to eliminate this condition and establishment of accounting standardization in order to ensure uniformity in accounting practices. Today, especially in developed countries, IFRS is applied to all aspects. The European Union has brought the obligation of preparing in accordance with IFRS as of 2005 the financial statements of publicly traded stocks of companies. Also Turkiye, country which is in the process of becoming member of the EU is preparing and implementing the accounting system in accordance with IFRS.SMEs have an essential importance for the economies of countries and their importance in the international arena is increasing day by day. As a result of this, the idea of establishment of a separate standardization has emerged for SMEs. Accounting standards for SMEs published as of 9 July 2009 and date of application left to the discretion of countries. TFRS for SMEs is thought for SMEs operating in Turkiye provided by the production of the financial statements that can be understood in the global arena and will facilitate audit by providing the development of international trade.SMEs have an important role in countries economies, and SMEs are most interested firms of professional accountants. This study is conducted to demonstrate perspectives of the professional accountants operating in our country, for the current situation, the present situation of IFRS and applicability of TFRS for SMEs.In this study, factors related to the development of the accounting profession and the accounting profession, SMEs and the importance of SMEs in terms of economies, IFRS definition, necessity and application of IFRS in the world and effects to the application in Turkey and the preparation of TFRS for SMEs sets and the differences from full set of IFRS are discussed. In order to measure the applicability of TFRS for SMEs, a survey including the current situation, IFRS and TFRS for SMEs is conducted to professional accountants Chamber of Independent Accountant Financial Advisers in Kütahya.Keywords: IFRS for SMEs, IFRS for SMEs Applicability, Accounting Profession, Professional Accountants.