Developments In The Accounting Culture And Financial Reporting In Turkey During The Republican Era

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Gücenme Gençoğlu Ü., İşseveroğlu G., Ertan Y.

2 nd Balkans And Mıddle East Countrıes Conference On Audıtıng And Accountıng Hıstory, İstanbul, Turkey, 15 - 18 September 2010, vol.3, pp.1915-1923

  • Publication Type: Conference Paper / Full Text
  • Volume: 3
  • City: İstanbul
  • Country: Turkey
  • Page Numbers: pp.1915-1923
  • Bursa Uludag University Affiliated: Yes


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.