Depreciable fixed assetswith respect to international financial reporting standards and the practise in Turkey

Depreciable fixed assets have major importance within the total assets of company and thus they have great importance in determining the financial status. The aim of this study is to make a comparative analysis of accounting of depreciable long-term assets in terms of Turkish Trade Code, Capital Market Code, Tax Procedural Code and Turkish Accounting Standart.In this context, firstly, depreciable long-term assets is briefly defined and types are explained. In the next chapter, the accounting principle of the relevant Turkish Accounting Standart?s is explained with examples. In the third chapter Turkish Accounting Standart?s practices and existing practices are compared and differences were found. These differences emerged in determination of cost of accounting of assets, depreciation on replacement value and especially in end-of-period valuation. Because, according to implementations of Turkish Accounting Standart, the end-of-period valuation should figure out the fair value of the assets and if any increase and decrease in value equity or profit and loss accounts must be charged. The financial statements prepared in this direction will report us the true value of the firm and eventually the unit share. Thus, financial information users of are dealing with value of the firm will reach the current value.