Abstract:

Differences between national accounting practices and international practices make it difficult to compare financial information, create barriers to fundraising processes, and cause difficulties in buying and selling international businesses and mergers. International Financial Reporting Standards (IFRS) have been issued by the International Accounting Standards Board (IASB) in order to eliminate such problems, to harmonize different accounting practices and to apply the same international accounting standards. In parallel, Turkish Financial Reporting Standards (TFRS) have been adopted in Turkey by the Turkish Accounting Standards Board (TASB). SMEs have an indispensable prescription for the world economy. Accounting information provided by SMEs should also have the same qualification. SME TFRSs have been published in 2009 for SMEs and SME TFRSs for SMEs in Turkey, which are compelled to evaluate their financial statements due to the complicated and difficult understanding of IFRS / TFRS. IFRS for SMEs (a) is designed to meet the financial reporting needs of businesses that do not have an obligation to provide public accountability and (b) publish general purpose financial statements for external users. In this framework, IFRS for SMEs represents an accounting standard for small and medium-sized businesses that can be used worldwide. For this reason, the study aims to evaluate the adoption and implementation of IFRS for SMEs worldwide.

Keywords: