ULUSLARARASI MUHASEBE STANDARTLARININ UYGULAMA ALANLARI

APPLICATION AREAS OF INTERNATIONAL ACCOUNTING STANDARDS

Abstract

Application Areas of International Accounting Standards

Abstract

            With technological developments, there are some changes in every field, as well as in the field of accounting. Especially towards the end of the twentieth century, great steps were taken in the name of globalization in the field of accounting. Differences in the accounting standards of some countries make it difficult to compare financial statements, raise funds, and cause difficulties in international buying-selling and decision-making. Elimination of all these negativities has revealed the necessity of harmonizing different accounting standards of various countries and applying the same accounting standards in all countries. The aim of the study is to have a flexible financial reporting approach that ensures global comparability in the field of accounting and at the same time to create a common accounting language. In this respect, it is important that accounting standards have an understandable, transparent and flexible structure.

            In order to create a common accounting language, the International Accounting Standards Board (UMSK) was established and International Accounting Standards (UMS) were published. The European Union adopted these standards in 2002 and asked all member and candidate countries to implement these standards. These standards have been adopted in our country since 2005 and started to be implemented in businesses by being subject to the Capital Markets Law. With globalization, investors have decided to open up to the outside world to get better opportunities. The most important factor for investors when it comes to investing in countries is that financial statements are prepared according to criteria accepted all over the world. In this study, we tried to determine the application areas of international accounting standards, which are accepted as standards all over the world.