Investigation of application levels of international accounting standards of industrial enterprises in Turkey

Abstract

In outer financial topics, sharp intersections has been faced indisturial enterprises very often due to global crises and their effects. With the effects of global competition, industrial enterprises have to understand IFRS (International Financial Reporting Standards) applications which forms their accounting legs for the activities of internationalization of accounting in very short time and accellerated their adaptation to these standards. Standards composed of eight of current IFRS which accepted 41 IAS (International Accounting Standards) as references and their explanations as a whole has been accepted as the expression of internationalization in accounting. With the application of all standards that accepted by IA SB (International Accounting Standards Board), industrial enterprises especially enterprises that already offered their shares to public were expected to save the rights of share holders and enlighten them. It is obvious that financial reports will be approach to ideal about transparency and giving right information by reflecting the truth, clarification perspectives. Integration to international accounting standards which were used to expressing their financial situation as a common language by industrial enterprises in global medium will be an important factor in obtaining sources from financial market and repetition and international commercial of the firms. In this study, compatibility degrees to IFRS and IAS of 500 industrial enterprises and if there is a statistically significant compatibility degree difference among enterprises with and without foreign partners in Turkey were tested. For conclusion adoptation levels of industrial enterprises considering intensiveness at fair level, at partly good level, at slightly bad level. © Medwell Journals, 2010.