COMPARISON OF THE DIFFERENCES BETWEEN BOBI FRS AND TAS/TFRS USING TABLES
ÖZET TABLOLAR İLE BOBİ FRS VE TMS/TFRS ARASINDAKİ FARKLARIN KARŞILAŞTIRILMASI

Author : Ahmet ALATAŞ -- İsa KILIÇ
Number of pages : 453-478

Abstract

The aim of this study is to determine the differences between the Financial Reporting Standards for large and medium enterprises(BOBI FRS) published byPublic oversight which is to be applied/implemented after january 1st,2018 and the Financial Reporting Standards(TAS/TFRS).For this, based on BOBI FRS sections, the points that differ completely or partly from TAS/TFRS are presented in comparison with summary tables. For a better comprehenion sake, the similar features of the two standards were studied. The sections of BOBI FRS that are in complete accordance with TAS/TFRS are ignored, as they are outside the scope af our study. In general it can be said on these two standards that BOBI FRS is more comprehensible than TAS/TFRS due to its clear and simple language.As difference of BOBİ FRS from TAS/TFRS, prudence concept is evaluated specifically. Giving a special importance a different special section for footnotes has taken place in BOBI FRS. The maturity differences of stocks,revenues, tangible and intangible asset groups for one year or lesss durations are not seggregated in BOBI FRS while the TFRS seggregates all maturity differences.In TFRS goodwill is subjected to impairment test while it is not amortized. In BOBI FRS goodwill is amortized but not subjected to impairment test.BOBI FRS measures the financial tables based on the costs while TAS/TFRS measures the financial tables based on the true values.

Keywords

Financial Reporting Standards, Impairment, Cost Basis

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