Yasal Mevzuat ve Uluslararası Muhasebe Standartlarına Göre Enflasyon Muhasebesi ve Bir Uygulama

Abstract

Inflation accounting correction is not a practice that comes to the fore in periods and economies where inflation is not high. With the emergence of high inflation rates in Turkey, especially from the last quarter of 2021, whether inflation accounting will be applied or not has been among the most researched topics. In terms of tax legislation, the main condition for the application of inflation accounting is 100% of the Domestic Price Index (D-PPI) in the last three years; For the last year, it exceeded 10%. Although the conditions for inflation accounting have been met according to the tax legislation as of December 2021, the implementation has been postponed to 31.12.2023 with the Provisional Article 33 of the Tax Procedure Law. The Public Oversight, Accounting and Auditing Standards Authority, which has the authority to publish international accounting standards, announced with the announcement published on 23 November 2023 that inflation adjustments will be made in accordance with the accounting principles in TMS / TFRS in the financial statements dated 31.12.2023 or later. Inflation accounting practices to be applied according to these two legislations are similar to each other, but have major differences. The biggest examples of these differences are the difference in the indices to be used, the difference in the financial statements to be applied and the periods of the scope of application. In the study, these differences and their effects are expressed both theoretically and concretely in practice.