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, ...

Financial markets play a vital role in shaping corporate behaviour, impacting financial decisions ranging from investment and mergers/acquisitions to payout policies management renumeration. markets, however, are prone irrational sentiments trade, driving prices away fundamental values, with the potential distort and, hence, efficiency. It is important, therefore, examine extent which regulator...

We examine whether requiring (IFRS) versus allowing (UK GAAP) conditional capitalisation of development expenditure affects the extent to which conveys more information about future earnings, relative expensing. show that results in current returns incorporating earnings than expensing under UK GAAP but not IFRS. i.e., amount incorporated into market prices capitalisers is same as from firms R&...

This paper studies whether creditors trust and use IFRS-based information in the context of private firm loan decisions. Through an institutional theory lens, based on collected from 108 bankers, we find that IFRS numbers are more trusted used than local-GAAP (non-IFRS Standards-based) numbers. Differences countries’ formal informal institutions related to observed cross-country differences fin...

This paper examines the tools that managers use to meet or beat analyst forecasts in post-International Financial Reporting Standards (IFRS) period, using a sample of UK firms for period 2005 2015. Our results are consistent with view utilize both classification shifting and managerial guidance hit forecasts. The suggest more likely continue exercise their discretion these two following adoptio...

In the 1990s, the IASC was pointing towards the day when, after the endorsement of its core International Accounting Standards (IAS) by the International Organization of Securities Commissions (IOSCO), the SEC would drop its Form 20-F reconciliation requirement for foreign registrants using IAS. In May 2000, IOSCO announced its endorsement, yet the SEC declined to act. Fortunately, in June 2000...

This research aims at examining the level of International Financial Reporting Standards (IFRS) compliance across entire Gulf Cooperation Council (GCC) region and seeks to explore impact corporate governance mechanisms on with IFRS disclosure requirements. We employ a cross-sectional analysis 314 non-financial listed companies within GCC countries. The was measured using self-built index consis...

This study examines the provision for credit losses and its disclosures Global Systemically Important Banks (G-SIBs) in connection to COVID-19 crisis. We find a profound difference increase of between banks that report under IFRS US GAAP. For GAAP, more than doubles, while it increases by only 32 percent IFRS. becomes even striking when considering IFRS-reporting is partly attributable increase...