POOLING OF INTEREST METHOD TO BE USED FOR REPORTING BUSINESS COMBINATIONSUNDER COMMON CONTROL ACCORDING TO FINANCIAL REPORTING STANDARDS FOR LARGE AND MEDIUM SIZED ENTERPRISES
Journal Title: Muhasebe ve Vergi Uygulamaları Dergisi - Year 2018, Vol 10, Issue
Abstract
The announcement of Financial Reporting Standards for Large and Medium Sized Enterprises (LME-FRS) prepared by Public Oversight, Accounting and Auditing Standards Board was published in Official Gazette on 29th of June 2017. The purpose of the announcement is the promulgation of the Financial Reporting Standards for Large and Medium Sized Enterprises which do not apply full set Turkish Financial Reporting Standards/Turkish Accounting Standards but on the other hand subject to independent auditing in order to provide fair, relevant and comparable financial information (Announcement no. 30138). There are many differences between the terms of LME-FRS and the principles of TFRS/TAS in recognizing, measuring, and reporting issues. One of the differences is the consolidation method to be used/using in reporting combinations of business under common control. Reporting business combinations under common control, pooling of interest method will be used (LMS-FRS, Par.21.34-35). The aim of the study is to give business combinations of business under common control.
Authors and Affiliations
İlker KIYMETLİ ŞEN, Arman Aziz KARAGÜL
Keywords
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- EP ID EP414730
- DOI 10.29067/muvu.340202
- Views 113
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