TFRS (tas 1, tas 2, tas 7, tas 18, tas 24, tas 40)and of the cmb accounting standards compare with ifrs

In this study, International Accounting/Financial Reporting Standards, Turkish Accounting/Financial Reporting Standards and the Accounting Standards of the Capital Market Board were examined and a comparison in terms of similarities and differences were aimed for the standards within the scope of this study. Within this scope, the most commonly implemented accounting standards of the standards published; presentation of financial statements, inventories, cash flow statements, revenue, related party disclosures and investment property accounting standards IASC/IASB, TASB and CMB were compared in terms of accounting standards. The definition of accounting standards, its importance, its national and international aspects was examined in the first part of this study. The establishments in Turkey and in the World which conduct studies in accounting standards are mentioned in the second part of the study. In the third part of the study, the parts of the IAS/TAS 1, IAS/TAS 2, IAS/TAS 7, IAS/TAS 18, IAS/TAS 24 and IAS/TAS 40 and IASC/IASB, TASB and CMB were compared in terms of the accounting standards. The third part is the key part which explains the purpose of the study. The compared accounting standards are more or less the same as each other. However, some differences were noticed in terms of form and content. The reason for that is because every country?s accounting practises and the taxing structure are different. Keywords: International Financial Reporting Standards, Turkish Financial Reporting Standards, the Accounting Standards of the Capital Market Board