Comparison of the Financial Reporting Standard for Small and Micro Businesses with BOBI FRS and Tax Practices in Turkey and General Evaluation (Küçük ve Mikro İşletmeler İçin Finansal Raporlama Standardı Taslağı’nın BOBİ FRS ve Vergi Uygulamalarımız İle Karşılaştırılması ve Genel Değerlendirme)

The financial statements prepared in accordance with the Accounting System Implementation Communiqués (MSUGT) used in our country since 1994 and the valuation measures in our tax laws do not meet the requirements of International Financial Reporting Standards (TFRS). Among the entities that are subject to independent audit, Public Interest Organizations report according to TFRS and others report according to the Financial Reporting Standard for Large and Medium Sized Enterprises that are in line with TFRSs. The Financial Reporting Standard for Small and Micro Enterprises has been prepared by the Public Oversight Authority in order to use a reporting framework in compliance with these standards but closer to our MSUGT and tax regulations. Thus, it is aimed that the companies outside the scope of the audit also make financial reporting for information purposes. The purpose of the financial statements prepared in accordance with the standards is not to determine the tax base. Financial statements are prepared in order to provide fair, comparable and appropriate information to the other stakeholders of the enterprise other than the government. With the information in these tables, it is aimed to ensure that business executives and other stakeholders make rational decisions and thus increase the competitiveness of the enterprise. The aim of this study is to explain the comparison of KUMI FRS, which will contribute to the establishment of informational financial reporting, by comparing it with our BOBI FRS and our country tax applications.