The current study aimed to compare Unified Chart of Accounts and New Chart of Accounts Draft, which conforms to the International Financial Reporting Standards (IFRS,) and identify the differences between them. Therefore, Unified Chart of Accounts (UCOA) and New Chart of Accounts Draft based on the Financial Reporting Standards released on 28/12/2018 by Public Oversight Accounting and Auditing Standards Authority were compared and contrasted with suggestions and recommendations. The data was collected with indirect observation and content analysis was employed. The findings revealed that the current chart of accounts had 250 accounts, which would rise to 476 with the implementation of the draft. Although the draft does not change the general structure of UCOA, it has new account codes created by blank account codes with the addition of new accounts. Many accounts and groups have been renamed congruent with accounting standards.
Tek Düzen Hesap Planı Muhasebe Standartları Finansal Raporlama Standartları BOBİ FRS KÜMİ FRS
Primary Language | Turkish |
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Subjects | Business Administration |
Journal Section | Articles |
Authors | |
Publication Date | August 30, 2020 |
Submission Date | May 2, 2020 |
Published in Issue | Year 2020 Volume: 2 Issue: 2 |