Analysis of Basic Accounting Concepts in Terms of Value Concept According to General Communiqué on Accounting System Application (MSUGT) Applied in Türkiye

Abstract

Accounting is a science and art that records, classifies, summarizes, reports, analyzes and comments on the transactions of a business that can be expressed in money and presents them to information users. As can be understood from the definition, the first thing that comes to mind when accounting is mentioned is numbers. It is perceived as recording the numbers that give life to accounting and make it meaningful. Accounting records financial events and makes them concrete. It provides useful, timely, accurate and clear information. Accounting presents this information to information users according to certain rules. The basic concepts of accounting constitute the essence of accounting. These concepts add clarity and value to accounting. In this study, the subject of value, which is considered as the subject of philosophy and is discussed by many branches of science today, has been examined by associating it with accounting concepts. In this study, the basic concepts of accounting and the value relationship have been examined and the results have been tried to be presented in this context. There are many studies conducted by selecting from among the basic concepts of accounting. These studies, especially on valuation, have been associated with the selected basic concepts. However, the value and contribution they create have not been emphasized much by considering all of the basic concepts. For this reason, the basic accounting concepts were explained one by one and the value they provide to the accounting process was examined in this study.