OVERVIEW OF INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRS) AND APPLICATION DIFFERENCES BETWEEN IFRS AND TURKISH TAX PROCEDURE LAW (TPL)

Purpose- The purpose of this study is to explain the differences between IFRS and Turkish Tax Procedure Law (TPL), give information about how financial statements are presented according TPL IFRS, show presentation in practice by specifying theoretical application two frameworks. Methodology- Within scope research, balance sheet income were explained detail terms applications on account basis, correction classification records made within reproduced for a sample firm. Findings- general validity prepared each country its own rules lower than IFRS. Financial accordance with standardized single integrity. Conclusion- With implementation it ensured that all statement readers, regardless country, company or location, gather under standard, roof, interpret reporting same way. Thus, will increase confidence, transparency stability markets users statements. Keywords: International Reporting Standards (IFRS), statements, accounting standards. JEL Codes: M40, M41, M42