Accounting in Turkey, yesterday and today Online publication date: Thu, 13-Sep-2007
by Nejat Tenker, Nilufer Tetik
Global Business and Economics Review (GBER), Vol. 9, No. 4, 2007
Abstract: The modern Income Tax Law was introduced to Turkish society in 1950 and shortly after affected accounting practices in such a way that only the income before the tax figure in the income and loss statement became extremely important for companies. The primary role of accounting – providing a true and fair financial and economic picture of a company to society – was almost ignored. The financial statements were incomparable across the years and among the companies for evaluating the companies. These developments forced the professional accounting organisations, the universities and the government institutions of the country to eliminate this unacceptable situation. The need for financial statements prepared under the generally accepted accounting standards increased. Finally, entering foreign markets and inviting foreign investors to Turkey brought the accounting profession to the place where it is today. In the paper we will explain this development in detail.
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.Complimentary Subscribers, Editors or Members of the Editorial Board of the Global Business and Economics Review (GBER):
Login with your Inderscience username and password:
Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.
If you still need assistance, please email subs@inderscience.com