Harmonization of Financial Statements Based on Turkish Uniform Chart ofAccounts with IFRS and A Ratio Analysis)

Özet

Need for financial statements prepared to be comprehensible by all of the users were arisen as a result of globalization. International Financial Reporting Standards (IFRS) has become more spread to meet this need. IFRS made financial statements not only comprehensible and useful but also more transparent. In this study, financial statements based on Turkish Uniform Chart of Accounts are harmonized with IFRS. The financial statements prepared compatible with both arrangements are compared in the basis of ratio analysis and the differences are examined.