Examination of tangible and intangible assets, depositions and appraisal provisions according to VUK, IFRS and BOBI FRS

Regardless of the field of activity, every business that produces and sells goods or services needs fixed assets in order to realize its field of activity. Fixed assets are divided into tangible and intangible assets. This distinction is basically made according to whether the relevant asset has a physical structure or not. Tangible and intangible assets are located under the fixed assets in the active part of the balance sheets of the enterprises and they constitute or affect the majority of the balance sheet according to the field of activity. Therefore, the presentation of the fixed assets of the enterprises in the financial statements is very important. In our country, businesses basically arrange their financial statements according to the Tax Procedure Law, and businesses that are subject to independent audit are obliged to re-arrange and present their statements according to IFRS or BOBI FRS, which are prepared according to the VUK. In this study, the provisions for recording tangible and intangible assets, depreciation expenses and valuation provisions for these assets according to VUK, IFRS and BOBI FRS and presenting them in the following periods are examined. In the conclusion part, the similar and different parts of the relevant provisions were revealed as a result of the examination. Keywords: Tangible asset, Intangible asset, VUK, IFRS, BOBI FRS