Siyaset Ekonomi ve Yönetim Araştırmaları Dergisi

Yazarlar: Ali İhsan AKGÜN

Konular:-

Anahtar Kelimeler:Historical Cost,Fair Value,Turkish Financial Reporting Standards

Özet: This paper explains on how in the Turkish Financial Reporting Standards TFRS approaches measurement issues, and how research can contribute to resolving issues related to measurement of assets and liabilities. Measurement of assets and liabilities is a key aspect of financial reporting. In essence, criteria for valuation of assets and liabilities in terms of TFRS are made up of historical cost, current cost, realizable value and present value, whereas in the Turkish Financial Reporting Standards for SMEs are made up historical cost and fair value. In this context, valuation provisions in valuation criteria in financial reporting standards are handled separately in our study. This paper also provides not only a more focused view of the literature, but also alternative explanations for some of the results discussed in the TFRS approaches measurement issues and specific suggestions for future research. Historical cost accounting has features providing an alternative ideal fair value accounting. However, fair value approach has been lead to developed rather than historical cost approach in the financial reporting since the historical cost accounting fails to produce the data and information needed in the future by the financial information users. Therefore, fair values can provide better information for the markets in cases where observable market prices exist

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