Özet:

The Draft of Local Financial Reporting Framework issued by Public Oversight Accounting and Auditing Standards Authority for companies which are subject to audit but do not use Turkish Financial Reporting Standards/Turkish Accounting Standards proposes that sale revenue is reported with value of sale for the account and the receivable should be reported with present value calculated with rediscount transaction made by using nominal interest method. Within the scope of sale revenue, trade receivable and qualified financial information concepts, the article reviews the proposal of the draft and puts forward that sale revenue should be reported with value of spot sale and the difference should be considered interest income to be amortized with the rate applied in the transaction, using effective interest method.

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