@article{2018,title={BOBİ FRS, FULL SET OF TFRS AND MEASUREMENT OF FIXED ASSETS WITHIN THE FRAMEWORK OF PROCEDURAL TAX LAW},abstractNode={Property, plant and equipment is an essential account item within the total assets of businesses’ balance sheets. At the same time, by the use of depreciation, it constitutes a significant amount within the operating expenses in income statements. This materiality is even more pronounced in the case of production businesses. Currently, Turkey has three different accounting application systems: Uniform Accounting System that came into force in 1992; full set Turkish Accounting Standards (TAS) as well as Turkish Financial Reporting Standards (TFRS) which have been published since 2005; and Financial Reporting Standards for Large and Medium Sized Enterprises (BOBI FRS in Turkish abbreviation) enacted by the Official Gazette numbered 30138 and dated 29th of July, 2017. According to the criteria determined by the Public Oversight Board (KGK in Turkish abbreviation), all businesses except for 1- the ones which do not follow a balance sheet based accounting system and 2- small and micro businesses must apply at least two among these three systems. In this study, property, plant and equipment will be discussed with respect to BOBI FRS, full set TFRS and Tax Procedure Law (VUK in Turkish abbreviation). In this respect, the purpose of the study is to explain in detail the initial measurement of property, plant and equipment from the perspective of the standards and VUK, cost and revaluation models utilized in the measurement following the capitalization and the impairment in the value of assets.},author={Mustafa ÇANAKÇIOĞLU},year={2018},journal={The Journal of Academic Social Science}}