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IFRS implementation and studies in Turkey

Author

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  • Cagnur Kaytmaz Balsari
  • Secil Varan

    (Dokuz Eylul University, Izmir, Turkey)

Abstract

The development of accounting system and practices in a country is a reflection of its economic development as well as legislative process. Turkey has not been an exception. Its economic development has led the accounting practices to change from tax and state oriented towards international harmonization. The purpose of this article is to provide an overview of IFRS (International Financial Reporting Standards) application in Turkey and an extensive review of IFRS related local literature gathered from major accounting, finance and business journals published in Turkey in 2005-2014 period. The local literature is expected to complement and provide insight to international literature on IFRS applications in Turkey. The findings suggest that local academic literature has been focused on application issues related to IFRS. Empirical literature findings suggest convergence problems in the application of IFRS which calls for better training and public oversight. Capital markets research findings show positive impact of IFRS adoption. Additionally, IFRS for SMEs, technical issues such as fair value measurements and convergence of tax and IFRS reporting are the important topics of discussion in local literature.

Suggested Citation

  • Cagnur Kaytmaz Balsari & Secil Varan, 2014. "IFRS implementation and studies in Turkey," Journal of Accounting and Management Information Systems, Faculty of Accounting and Management Information Systems, The Bucharest University of Economic Studies, vol. 13(2), pages 373-399, June.
    • Handle: RePEc:ami:journl:v:13:y:2014:i:2:p:373-399
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    References listed on IDEAS

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    1. Ece ERDENER ACAR & Serdar ÖZKAN & Yasemin ZENGİN KARAİBRAHİMOĞLU, 2013. "Accounting conservatism in the post-IFRS period: Do provisions matter?," Iktisat Isletme ve Finans, Bilgesel Yayincilik, vol. 28(324), pages 109-130.
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    Cited by:

    1. Nadia Sbei Trabelsi & Mohamed Trabelsi, 2014. "The Value Relevance of IFRS in the UAE Banking Industry: Empirical Evidence from Dubai Financial Market, 2008-2013," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 4(4), pages 60-71, October.
    2. Hülya Cengiz & Alan Combs & Martin Samy, 2017. "An Analysis of how Financial Ratios of Companies in Turkey Are Affected by National Standards, and IFRS," International Business Research, Canadian Center of Science and Education, vol. 10(12), pages 183-190, December.
    3. Mohammad K. Shbeilat & Mohammad N. AL Harasees, 2018. "Do Listed Companies Need an IFRS Committee Beside Audit Committee?," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 8(2), pages 8-18, April.

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      More about this item

      Keywords

      IFRS studies; Turkey; accounting developments;
      All these keywords.

      JEL classification:

      • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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