Comparative analysis of the forming structure of financial statements with the Turkish Uniform Accounting System and the ınternational accounting and financial standards

The many countries in all over the world starts to adopt teh firms financial reports according to International Financial Reporting Standards, which were issued by International Accounting Standards Board (IASB). For this reason the Turkish firms should adapt their financial reports to these standards.Aim of this study comparatively analyses the balance sheets that are prepared in accordance with the Turkish Uniform Accounting System and the Turkish Accounting Financial Reporting Standards. The study involves the differences occured in the balance sheets of companies in terms of forming structure, scope and content. The results of comparative analysis illustrate the significant differences between the balance sheets prepared in accordance with the Turkish Uniform Accounting Systems and the Turkish Accounting Financial Reporting Standards in terms of forming structure, scope and content. There are differences between International Financial Reporting Standards and Turkish Uniform Accounting System about principles of capitalization of financing expenses, fixes assets and inventory valuation, deferred tax assets and liabilities arising from timing differences and consolidation. In the study, differences occured on the bases of group of accounts are explained through a sample application.Key Words: Balance Sheet, International Financial Reporting Standards, Uniform Accounting System.