Current Developments In Government Accounting Reform In Turkey

Given that the first regular Government Accounting Records in our country trace back to the Tensiki Kay？t Talimatnamesi (Regularizing Records Bylaw) in 1882, our government accounting system has reached an advanced level. Having public finance management system designed with the aim of adaptation to the international system by the implementation of Law Number 5018, government accounting system is also brought to international level. Plenty of standards on financial reporting and government accounting with international validity have been developed up to today. The commonly known and applied one among these fiscal standards are System of National Accounts (SNA 1993 - 2008), European System of Accounts (ESA 1995 - 2010), International Public Sector Accounting Standards (IFAC-IPSASs) and Governmental Finance Statistics Manual (2001 - 2014). Although these standards seem to be different, the contemporary versions of these standards not only updated the older versions but also have links to each other and overcome differences. Accruals accounting began to be used in our country with the implementation of the Law Number 5018. The Government Accounting Standards Board (DMSK) was established to determine standards to make this system internationally valid, 30 government accounting standards have been published until today by this Board. These standards cover 41 IPSAS standards, which were published by International Federation of Accountants (IFAC-IPSASB). DMSK has declared its resolution on publishing standards compliant to the remainder IPSAS standards