Büyük ve Orta Boy İşletmeler için Finansal Raporlama Standardı ile TMS/TFRS Karşılaştırması
A Comparison of Financial Reporting Standard for Large and Medium Sized Entities and TAS/TFRS

Summary/Abstract: Financial Reporting Standard for Large and Medium Size Entities (FRS for LMEs) to be applied in preparation of individual and consolidated financial statements of the entities, subject to audit, other than public interest entities (PIEs) implementing Turkish Accounting Standards (TAS) and Financial Reporting Standards (TFRS), was published in Official Gazette on 29 July 2017, effective for periods beginning on or after 1st January 2018. The objective of this study is to examine and explain the rationale behind the issuance and the general features of FRS for LMEs issued in order to provide fair, relevant and comparable information, and make a comparison between the requirements of FRS for LMEs and TAS/TFRS. It is concluded that FRS for LMEs has commonly more simplified requirements even though it is similar in some ways compared to TAS/TFRS.

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