Özet:

Contribution of small and medium sized entities to employment are significant in country`s economy due to their high number of existence and the added value they create. However their importance in the economy they experience difficulties in supplying a loan, expanding to international markets and in growing. One of these difficulties is about financial reporting. International Accounting Standards Board published the International Financial Reporting Standard for Small and Medium sized Entities (IFRS for SMEs) to secure uniformity in financial reporting´s of SMEs and to increase the usage of IFRS. To meet SMEs's needs, Financial Reporting Standard for SMEs is simplified and published as standard, correspondingly to IFRS for SMEs. Current state will provide convenience in comparision of SMEs´s financial statements and in complete transition to IFRS. This issue is on the agenda also in our country and published the Turkish Financial Reporting Standard for Small and Medium sized Entities. It will be put in force with new Turkish Trade Code as of 01.01.2013. This study examines the structure and economical significance of SMEs and Financial Reporting Standard for Small and Medium sized Entities. The influence of changes coming with the usage the Financial Reporting Standard for Small and Medium sized Entities on financial statements.

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