International Differences In Fınancial Reportıng And Importance Of Harmonizatıon

International Differences In Fınancial Reportıng And Importance Of Harmonizatıon

KIRLIOĞLU, Hilmi
ÜLKÜ, Sema

Financial Reporting is reached informations that can be used for making decisions with financial issues by decision makers. Technological developments facilitated to access information but it is not enough. It is more important that financial information can be understood by all relevant. Comparability and transparency requirements in financial reporting and accounting have become more pronounced. Nevertheless, countries‘ financial reporting standards and structures of setting standards have varied. These differences have originated from structures of legal and financial systems, shareholding structure of companies and financial methods. The development of the accountancy profession level is effective on these differences. Harmonization is a process that could reduce differences of accounting practices and accounting regulations. Multinational enterprices have benefitted from harmonization efforts to compare financial reports for providing a competitive advantage.

Conference or Workshop Item
PeerReviewed

2010-06

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