Why Was It Needed?
The purpose of the financial statements is to provide fair, appropriate and comparable information. MSuGT (VUK) does not meet this issue.
Which companies will apply and what are their criteria?
Medium-and large-sized companies should apply. Criteria; total assets (TL)----75 million, sales revenue (TL)----150 million, the number of employees is 250 people.
What are the general reporting principles?
Continuity Of Business
Materiality in presentation of financial statements
Consistency In Presentation
What are the minimum financial statements to be prepared ?
Statement of financial position (presented with short and long term separation)
Profit or Loss Statement (operating expenses are presented on a function basis)
Statement Of Cash Flow(
Table Of Changes In Equity
What are the decommissioned periods?
CURRENT PERIOD COMPARATIVE PERIOD
Statement Of Financial Position 30/06/2018 31/12/2017
Profit and loss statement 1/4/2018-30/6/2018 1/4/2017-30/6/2017
Cash Flow Statement 1/1/2018-30/6/2018 1/1/2107-30/6/2017
Table Of Changes In Equity 1/1/2018-30/6/2018 1/1/2107-30/6/2017