Effects of Turkish accounting/financial reporting standarts on the results of financial analysis

The framework states that ?the objective of financial statements is to provide information about the financial position, performance and changes in financial position of an entity that is useful to a wide range of users in making economic decisions?.Turkish Accounting/Financial Reporting Standarts, which emphasis reporting aspect of financial statements, bring important changes to accounting applications which is widely affected by tax regulations during years.These changes will also affect analysis of financial statments. Volume of standarts, order of their presentation, frequent changes, make analysis of financial statements a complicated task.The objective of this study is to determine changes that standarts generate in terms of measurement and classification and their effects on the results of financial analysis.Standards, which sets principles rather than rules, does not prescribe the order or format in which on entity presents items, except cash flow. Therefore, financial statement items are considered in the order of Uniform Chart of Accounts. For each item, regulation of Uniform Chart of Accounts, Tax Law and Turkish Accounting/Financial Reporting Standarts are presented and compared, then the effects of differences on the result of financial statements are determined. Analysis of cash flow staments and consolidated financial statements are also included.It was concluded that, changes that standarts generate in terms of measurement and classification has major effects on the results of financial analysis.Key Words. Turkish Accounting/Financial Reporting Standarts, Liquidity, Profitability, Leverage, Turnover