Özet:

Inflation is the level of prices increasing at a substantial rate over some time, thus requiring more money each year to buy a given amount of goods and services. Financial statements are instruments of an enterprise that show the financial situation and outcomes of functions. In high inflationary periods, if they are reported in the monetary unit of the identical hyperinflationary economy they do not reflect the real financial situation and activity outcomes of an entity. Many arrangements have been made to prevent the negative effects of inflation on the presentation of financial tables in Turkey. The most important regulation to eliminate the impact of inflation on the financial statements is Tax Procedural Law No. 5024, the Law Amending the Income Tax Law, and Corporate Tax Law. In addition, The Public Oversight Organisation has published TAS 29 of Turkish Accounting Standards and Chapter 25 of Financial Reporting Standard for Large and Mediumsized Entities, Financial Reporting in Hyperinflationary Economies. In recent years, the inflation rate has remained at double-digit points in Turkey. In this study, inflation accounting is analyzed in terms of tax legislation and accounting standards and found that firstly, a prerequisite rate for application of the inflation adjustment is kept high and based only on The Turkish Statistical Institute'sdata, secondly the deficiencies in the tax legislation related to inflation accounting and finally mismatches between tax legislation and accounting standards. The aim of the study is to determine the deficiencies in the legislation and practice related to inflation accounting and to propose solutions. In the study, a literature review was conducted.

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