Özet:

Forfaiting is the transfer of a medium or long-term receipt derived from the export of goods and services to the forfaiting company without any right of interest. Forfaiting transactions include four parties: the forfaitist (the exporter from the transfer), the forfaitist (the forfaiting company that purchases the transfer), the importer (the debtor) and the guarantor bank (the institution that guarantees the debt of the investor). Forfaiting process begins with the exporter’s transfer of the receiving amount to the company for the purposes of providing medium or long-term financing to a specific commission and fee. The corresponding fee and commission is a cost for the exporter’s business, while forfaiting is an income for the company. There are a number of differences between the Turkish Accounting and Financial Reporting Standards (TMS/TFRS) and tax legislation in the accounting of this expenditure/income arising under the contract. These differences lead to delayed expenditure and delayed income and result in delayed tax liability and delayed tax existence. The proper recording of the expenses and revenue in the Forfaiting transaction is an obligation to report the financial information according to the need and the fact. The purpose of the work in this direction is to reveal how the delayed expenditure and income and the delayed tax liability and its assets will be accounted for in forfaiting transactions. The accounting processes addressed in the framework of the Turkish Accounting and Financial Reporting Standards have been given comparatively from the point of view of the exporter’s business and forfaiting company and the subject has been modeled with the help of the application.

Anahtar Kelimeler: