Özet:

Inventories are raw materials, materials, products and commercial goods held by the enterprises in order to sell or use them in their activities. Service production costs which have not yet yielded revenue can also be considered as inventory. Accounting practices are made in accordance with Turkish Accounting Standards / Turkish Financial Reporting Standards, Financial Reporting Standard for Large and Medium sized Entities and General Communiques on Accounting System Application Turkish Tax Procedure Law in our country. In this study, taking inventories among the assets, valuation in the reporting periods, presentation and explanations in the financial statements according to the three regulations are examined. The stated cases are explained according to all three regulations, and the differences between them are presented. These differences arise from the determination of inventory costs, end-of-year valuation of inventory, and recognition. Furthermore, the accommodation of the procedures in line with the standards and the provisions of the Turkish Tax Procedure Law were addressed.

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