ANALYSIS OF CAPITAL MAINTANANCE IN THE SCOPE OF TURKISH FINANCIAL REPORTING STANDARDS AND EFFECTS OF COMPANY VALUES
Journal Title: Muhasebe ve Vergi Uygulamaları Dergisi - Year 2018, Vol 11, Issue 2
Abstract
Correct determination the current and unadultared values of companies' periodic profit is of a great importance at the continuity for companies in markets. Therefore the periodic profit’s correct determination and the capital maintannace is one of the main objectives of International Financial Reporting Standards. Thus it is the most important evidence that the concept of "Capital Maintanance" is emphasized momentously in the "Conceptual Framework" of International Financial Reporting Standards. However, it is thought that the operations to protect the capital in the conceptual framework are insufficient at the point of capital maintanance. In this context, a proposal has been made to determine the current and unadulterated values of periodic profits of the companies and thus to miantain the capital in real sense. Within the scope of this proposal, the current and unadulterated values of previous years profits have been re-determined by going back the previous year’s financial statements of Isuzu AŞ which is traded in Stock Exchange of Istanbul. As a result of this finding, it was determined that the profit-loss amounts which was declared by the companies were irrelevant from the current profit-loss amounts and therefore the companies have distributed some of shareholders equities instead of dividends.
Authors and Affiliations
Fırat ALTINKAYNAK, Nevran KARACA
Keywords
Related Articles
- EP ID EP414653
- DOI 10.29067/muvu.349784
- Views 90
- Downloads 0
YILLARA YAYGIN İNŞAAT VE ONARIM İŞLERİNDE KAR PAYI AVANSI DAĞITIMI VE BAZI ÖZELLİKLİ DURUMLAR
In long-term construction and repair businesses, distribution of profit for the period and dividend advance payment is necessary in order for interest groups, especially shareholders to be able to get their capital gains...
A STUDY FOR THE DETERMINATION OF OPINIONS OF ACCOUNTING PROFESSIONALS IN AEGEAN REGION ON FORENSIC ACCOUNTING
It is known that in recent years, accounting fraud cause major bankruptcies that shook the world economy in general. As a result, countries and businesses began to take more serious measures to prevent this situation. Fo...
IMPLEMENTATION OF THE DOLLAR OFFSET METHOD IN THE EFFECTIVENESS TESTS ACCORDING TO HEDGE ACCOUNTING OF DERIVATIVE PRODUCTS
The purpose of this study is to examine the effectiveness tests and methods to be performed according to the Turkish Accounting Standard (TAS) 39 in the hedge accounting. The standard requires hedge to be effective in or...
A SURVEY ON COMPANIES RELATED TO THE PERCEPTION OF TAX RISK AND TAX RISK MANAGEMENT
Risk occurring in many areas creates a likelihood of outcomes that are different than expected for business activities. So it is necessary to determine and manage risk for tax as it is in other areas. Tax risk occurs as...
ANALYSIS OF CAPITAL MAINTANANCE IN THE SCOPE OF TURKISH FINANCIAL REPORTING STANDARDS AND EFFECTS OF COMPANY VALUES
Correct determination the current and unadultared values of companies' periodic profit is of a great importance at the continuity for companies in markets. Therefore the periodic profit’s correct determination and the c...