Özet:

Companies subject to independent audit but do not apply Turkish Accounting Standards (TAS) have been applying Financial Reporting Standards for Large and Medium-Sized Enterprises (LMSE FRS) as of 01.01.2018. In addition, the Financial Reporting Standard for Small and Micro Enterprises (SME FRS) was drafted by the Public Oversight, Accounting, and Auditing Standards Authority in 2019. This draft, which has not been enacted yet, is likely to enter into force soon. This study aims to comparatively evaluate the provisions of LMSE FRS and SME FRS at the point of accounting for the inventory movements of the enterprises. In this direction, in the research, firstly, the regulations regarding the inventories in SME FRS and LMSE FRS are revealed. Then, how the transactions explained theoretically according to both standards will be accounted for in practice is explained with the help of examples. As a result of the research, it has been determined that the provisions of SME FRS and LMSE FRS in terms of transactions related to inventories overlap in some points and differ in some points.

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