Abstract:

There are differences in the provisions of the Tax Procedure Act, the Turkish Accounting Standard 2 (TMS 2) and the Financial Reporting Standard (BOBI FRS) for large and medium-sized enterprises. While the Tax Procedure Act (VUK) requires the use of the full cost method in the determination of stock costs, the TMS 2 Stock Standard and the Financial Reporting Standard for Large and Medium-Sized Enterprises, which entered into force on 1 January 2018, recommended the use of the normal cost method. TMS 2 stock standard has been introduced with a new regulation with BOBI FRS, with no sufficient explanation in the registration procedure regarding the increasing normal cost method of importance. In the study, comparing the provisions of VUK, TMS 2 and BOBI FRS on stocks, the methods of stocks cost were emphasized. In this direction, the process of compliance with the standards intended by the study is to provide recommendations that can be useful to the information users by researching a production enterprise.

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