Abstract:

As in many countries with high inflation, inflation accounting has become one of the highlights topic of recent years in our country. There are items on how inflation accounting practices should be done in Turkish Financial Reporting Standards (TFRS) and Financial Reporting Standard for Large and Medium-sized Entities (BOBİ FRS), which are currently being implemented in our country. However, during the implementation of these items, the items in the other topics of these sets should also be observed. The standards cannot adequately answer the question of how inflation accounting practices should be done, especially in cases where the current value is required. In this study; it is aimed to provide an interpretation of how current value accounting and inflation accounting can be applied together by identifying some topics that are special in inflation accounting practices. In the study, suggestions for the determined application principles were presented by giving examples related to the identified issues.

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