THE EFFECTS OF TURKISH ACCOUNTING AND REPORTING STANDARDS ON THE FINANCIAL ANALYSIS

The necessity of creating a uniform and common language in international financial reporting applications were arisen along with the globalization of capital markets and accelerated capital flows. International Accounting Standards and International Financial Reporting Standards were issued in order to eliminate the differences in international regulations and to meet the needs of all information users. In Turkey, the financial statements based on Turkish Accounting Standards and Turkish Reporting Standards (TAS/TFRS) differ from financial statements based on tax legislation. Valuation and classification difference in both regulation will lead to significant implications in the analysis of financial statements. In this study, financial statements based on Turkish Uniform Chart of Accounts are adjusted to TAS/TFRS by making correction and classification. In order to indicate the effect of transition to financial statements prepared in accordance with TAS/TFRS on the financial analysis, a case study is presented using the ratio analysis method, and the differences are examined comparatively. It is tried to explain that the ratios differ as a result of which adjustment records within scope of standard applications