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Journals / Muhasebe Bilim Dünyası Dergisi / 2023 / Cilt: 25 Sayı: 3

ACCOUNTING POLICIES OF SAVINGS DEPOSIT INSURANCE FUND OF TURKEY AND THEIR EVALUATION IN TERMS OF TURKISH ACCOUNTING AND FINANCIAL REPORTING STANDARDS (TMS/TFRS)

TASARRUF MEVDUATI SİGORTA FONU MUHASEBE UYGULAMALARI VE BUNLARIN TÜRKİYE MUHASEBE/FİNANSAL RAPORLAMA STANDARTLARI AÇISINDAN DEĞERLENDİRİLMESİ

Ali HÜSEYİN
Pages
399–418
Publication Date
2023-09-30
DOI
—
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

It is concluded that the accounting practices used by SDIF do not comply with the TFRSs in terms of non-consolidation of subsidiaries, incorrect classification and reporting of securities, and failure to publish a complete set of financial statements.

📌 3 Key Takeaways

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Objective & Hypothesis:The aim of this study is to examine the compliance of the accounting practices of the Savings Deposit Insurance Fund of Turkey (SDIF), which carries out bank resolution, trusteeship and liquidation services, with the generally accepted Turkish Financial Reporting Standards (TFRSs).
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Key Findings & Data:In this context, the financial statements and footnotes in SDIF's 2021 activity report are evaluated from the perspective of published standards.
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Conclusion & Impact:It is concluded that the accounting practices used by SDIF do not comply with the TFRSs in terms of non-consolidation of subsidiaries, incorrect classification and reporting of securities, and failure to publish a complete set of financial statements.
🔬Design:Research Article
📍Scope:2021 Verileri
⚙️Variables:Türkiye Finansal Raporlama Standartları · Tasarruf Mevduatı Sigorta Fonu · ULluslararası Finansal Raporlama Standartları

Abstract

The aim of this study is to examine the compliance of the accounting practices of the Savings Deposit Insurance Fund of Turkey (SDIF), which carries out bank resolution, trusteeship and liquidation services, with the generally accepted Turkish Financial Reporting Standards (TFRSs). In this context, the financial statements and footnotes in SDIF's 2021 activity report are evaluated from the perspective of published standards. It is concluded that the accounting practices used by SDIF do not comply with the TFRSs in terms of non-consolidation of subsidiaries, incorrect classification and reporting of securities, and failure to publish a complete set of financial statements.

Özet

Bu araştırmanın amacı Türkiye’deki mevduat/katılım fonu sigortacılığı, banka çözümleme, kayyumluk ve tasarruf finansmanı şirketlerinin tasfiyesi görevlerini yürütmekte olan Tasarruf Mevduatı Sigorta Fonunun (TMSF) muhasebe uygulamalarının Türkiye Muhasebe Standartları/Türkiye Finansal Raporlama Standartlarına (TMS/TFRS) uygunluğunun ortaya konulmasıdır. Bu çerçevede TMSF’nin 2021 yılına ait faaliyet raporunda yer alan finansal tablolar ve dipnotlar incelenmiş ve yayınlanmış standartlar penceresinden değerlendirilmiştir. Yapılan incelemelerin sonucunda TMSF’de kullanılan muhasebe uygulamalarının, bağlı ortaklıkların konsolidasyona tabi tutulmaması, menkul kıymetlerin öngörüldüğü şekilde sınıflandırılıp raporlanmaması ve finansal tablo setinin tam ve eksiksiz bir şekilde yayınlanmaması gibi hususlarda TMS/TFRS’lere uyum sağlamadığı sonucuna ulaşılmıştır.

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Cite This Article

HÜSEYİN, A. (2023). ACCOUNTING POLICIES OF SAVINGS DEPOSIT INSURANCE FUND OF TURKEY AND THEIR EVALUATION IN TERMS OF TURKISH ACCOUNTING AND FINANCIAL REPORTING STANDARDS (TMS/TFRS). Muhasebe Bilim Dünyası Dergisi, Cilt: 25 Sayı: 3, 399–418. https://ajindex.com/articles/966946

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