Özet:

The Financial Reporting Standards for Small and Micro Enterprises (SME FRS), which were published on 12.07.2019 and presented to the public, consists of 22 chapters and 105 pages in total. With the implementation of the standard, small and micro-size enterprises will switch from tax-based accounting approach to knowledge-based accounting. Understandability of SME FRS is of great importance since it is comprehensive in terms of the number of businesses to be implemented. The aim of this study is to handle the inventories, which has a large share in the business assets, within the framework of the provisions of SME FRS and to show how the accounting transactions will be made by comparing them with GCASA, TAS 2 Inventories and LMSE FRS Inventories. When the SME FRS inventories section is examined, it is seen that less details are included than TAS / TFRS and LMSE FRS. In this way, the provisions regarding the inventories became more understandable and easier to apply. KUMI FRS differs from other standards in terms of separation of late interest and depreciation in inventories. According to the GCASA provisions, although they are similar in many aspects, it has brought innovations in subjects such as conversion costs, inventory cost in service businesses, cost measurement techniques.

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