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FOR TURKEY I really need help please International Accounting Standards For domestic companies Up to what extent IFRS are used in the country for the
FOR TURKEY
I really need help please
International Accounting Standards
For domestic companies
- Up to what extent IFRS are used in the country for the purpose of preparing financial statements of domestic companies? Are all IFRS implemented or only some IFRS are implemented. Identify the IFRS that are used in the country for domestic companies.
- If the country does use IFRS for domestic companies, are IFRS required (mandatory) or only permitted (optional) for the purpose of preparing financial statements? Explain which IFRS are mandatory and which IFRS are optional.
- If the country does use IFRS for domestic companies, are IFRS applicable to all domestic companies, or only to some domestic companies? If some companies, which ones? What is the criteria of applicability?
- If the country does use IFRS for domestic companies, are there any differences in implementing IFRS due to the cultural or accounting values differences in the country? Explain with IFRS examples.
- If the country does not use IFRS for domestic companies then which accounting standards are used for preparing financial statements. Compare the domestic standards with IFRS with examples.
- If the country does not use of IFRS for domestic companies, are there any plans to permit or require IFRS for such companies in the future?
For international companies
- Up to what extent IFRS are used in the country for the purpose of preparing financial statements of international companies? Are all IFRS implemented or only some IFRS are implemented. Identify the IFRS that are used in the country for international companies.
- If the country does use IFRS for international companies, are IFRS required (mandatory) or only permitted (optional) for the purpose of preparing financial statements? Explain which IFRS are mandatory and which IFRS are optional.
- If the country does use IFRS for international companies, are IFRS applicable to all international companies, or only some international companies? If some companies, which ones? What is the criteria of applicability?
- If the country does use IFRS for international companies, are there any differences in implementing IFRS due to the cultural or accounting values differences in the country? Explain with IFRS examples.
- If the country does not use IFRS for international companies then which accounting standards are used for preparing financial statements. Compare the domestic standards with IFRS with examples.
- If the country does not use of IFRS for international companies, are there any plans to permit or require IFRS for such companies in the future?
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