Özet:

The fact that some of the participating banks that enhance their effectiveness in the financial system operate in the field of legislation that is not in accordance with their qualifications in the countries where they are, reveals the importance of the Islamic (Financial) accounting standards published by the Islamic Financial Institutions Accounting and Audit Authority (AAOIFI) which is accepted in many countries. This study aims to determine the impact of non-profit financial accounting standards (FFMS) on participating banks’ financial reports (the presentation and level of financial statements). Method - The study focuses on presentations according to traditional accounting standards (IAS/IFRS) and non-profit financial accounting standards, especially the differences between financial statements and income statements. In the framework of the study, the basic financial statements were comparatively analyzed in the direction of presentation. The findings - The results obtained in the study show that the financial reporting made according to international accounting standards does not provide the presentation of the financial transactions specific to the participating banks and the explanation requirements sufficiently. Debate - In the framework of the work limits, the need for the implementation of interest-free financial accounting standards published by AAOIFI has been revealed because the participating banks are not fully met with the explanation requirements according to the IAS / IFRS standards.

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