TAS 18 revenue standards and an example of marble enterprise in Afyonkarahisar

The increase in international trade affects the accounting operations of relevant businesses, as well. Therefore, differences in accounting systems across countries influence the results of the financial statements of the businesses. Different parties use accounting data for different purposes. In order to establish a common language in accounting, various institutions and organizations in all around the world work together enthusiastically. The relevant institutions in our country are working for the same purpose, as well. In this direction, Turkish Accounting Standards which must be applied by businesses registered in capital market will be regulated to comprise all businesses soon. In this study, the way how 18 numbered Revenue Standard of Turkish Accounting Standards affects the financial statements of businesses is intended to be examined. In the direction of the aim of the study, the differences between acccounting records under General Communiqué on Accounting System Application and accounting records under Turkish Accounting Standards are demonstrated by using the accounting data of a marble company that operates in Afyonkarahisar. As a result of the study, it is presented that according to Revneue Standard, the profit and the payable tax amount of business are lower.