Differences in reporting of goods sales contracts according to TFRS15 and general communiqué on accounting implementation and an aplication

Correctly accounting of sales of goods is a very important issue for businesses and other interested parties. IFRS 15(application in Turkey is TFRS 15), the revenue standard for contractual commercial sales in the international arena, has made significant progress in this respect. On the other hand, there are many differences between MSUGT and TFRS 15, which are prepared in line with the provisions of the Tax Procedure Law and applied by the enterprises in our country. The aim of this study is to explain the reporting of goods sales contracts in a practical way in terms of these two national and international legislation and to reveal the differences and similarities between them.