2 nd Balkans And Mıddle East Countrıes Conference On Audıtıng And Accountıng Hıstory, İstanbul, Turkey, 15 - 18 September 2010, vol.3, pp.1915-1923
In this study, previous studies that have been conducted relating to the "Uniform
Accounting and Financial Reporting" in Turkey from 1923 to date was analysed within
the historical process. Within this context first, financial reporting, of the State Economic
Enterprises (SEEs) and later regulations that formed the uniform accounting culture in
Turkey are explained for the period between 1923 and 1950, and for the period between
1950 and 2000, respectively. Explanations for the companies that prepare different
financial statements because of the sector in which they operate are presented. The
Capital Market Board (CMB) regulations relating to the general chart of accounts and the
financial statement formats are also explained for this period. Subsequently the period
that began in 2000 was analysed. The Turkish economy suffered from high inflation over
many years and this inflation gave rise to negative effects on financial reports. Moreover,
unregistered economy is an important phenomenon for .the Turkish economy. In the
study, explanations for these factors that effect the financial reporting culture are
presented. Furthermore, the Turkish Accounting Standards (TASs) that harmonized with
the International Accounting Standards (IASs) are examined and thus an explanation on
the Turkish accounting culture is provided.