Journal of Accounting and Management Information Systems (JAMIS)


ACCOUNTING POLICY OPTIONS UNDER IFRS: EVIDENCE FROM TURKEY

Vol. 12, Nr. 3/2013 ,   p388..404

Author(s):  
Oguzhan BAHADIR
B√ľke TOLGA


Keywords:   IFRS, Turkey, accounting policies, comparability, GAAP

Abstract:  

Although one of the main purposes of InternationalAccounting Standards Board (IASB) is to improve comparability of financialstatements by eliminating different accounting treatments applied by companies,International Financial Reporting Standards (IFRSs) still permit choices inaccounting treatment of similar transactions and events. This paper examinesthe accounting choices made by Turkish listed companies in cases where IFRSspermit a choice between alternative accounting policies. The paper highlights11 such accounting policy choices and presents the descriptive empiricalresults on which accounting policies were in fact chosen by a sample of 235Turkish listed companies after the adoption of IFRSs. The results show that companies choose different accountingpolicies concerning measurement model for plant, property and equipment andinvestment property which impair the comparability of financial informationbetween companies. Furthermore, lack of disclosures relating to chosenaccounting policies is also identified in some cases.



Download:   http://online-cig.ase.ro/jcig/art/12_3_1.pdf

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