Abstract
References
- 1. Akça, S. (2016). An application for accounting of construction and repair operations spanning years in terms of Tax Procedure Law and Turkish accounting standards. Unpublished master’s thesis. Adnan Menderes University Institute of Social Sciences. Aydın 2. Akgün, A. (2016). Progress payment regulations in contractor construction companies and building information modeling (BIM) applications. Published master's thesis. Istanbul Technical University, Institute of Science and Technology, Istanbul. 3. Gümüş, E. (2015). Comparison of income and costs arising from construction contracts in terms of Turkish tax legislation and Turkish accounting standards (TAS), and accounting application. Published master's thesis. Marmara University Institute of Social Sciences, Istanbul. 4. Aydın, Ş.(2015).Construction activities spanning years and accounting. Unpublished master’s thesis. Okan University Social Sciences Institute Istanbul. 5. Ball, R. (2006). International Financial Reporting Standards (Ifrs): Pros and Cons for Investors Accounting and Business Research, Forthcoming. University of Chicago Booth School of Business,65 6. Durmuş Acar, Nilüfer Tetik, (2013) General Accounting, Detay Yayıncılık, 11thEdition, Ankara 7. Epstein & Jermakowicz. (2010) Interpretation and Application of International Financial Reporting Standards 8. İşseveroğlu, G. & Gençoğlu, Ü.(2018). Financial reporting in construction contracting companies in terms of tax regulations and accounting standards in Turkey. International Journal of Social Inquiry, 11(2). 9. Kaya, V., Yalçınkaya, V., Hüseyni, Ö. (2013). The role of the construction sector in economic growth: the case of Turkey (1987-2010). Atatürk University Journal of Economics and Administrative Sciences, 27(4), 148-168. 10. Ministry of National Education (2011). Construction Operations. Ankara: Megep 11. Ministry of National Education (2008). Construction Operations. Ankara: Megep 12. Uzay, Ş. & Seval K. Selimoğlu, (2007), Accounting Control Gazi Bookstore, Ankara 13. Şen, İ.(2012). Percentage of Completion Method According to IAS 11 - Construction Contracts. Çukurova University Journal of the Faculty of Economics and Administrative Sciences, 16(2) 83-84. 14. Şenlik, M. (2011). Construction accounting. (4thEdition). Ankara: Finance and Law Publications 15. Tosunoğlu, B., & Cengiz, Selim. (2018). Accounting practices of construction and repair operations spanning years under TFRS 15, TAS 11 and TPL. Çankırı Karatekin University Journal of the Institute of Social Sciences, 9(8). 16. Yereli, A, Kayalı, N, Demirlioğlu, L.(2011). Accounting of construction contracting activities in accordance with Turkish accounting standard (Tas 11) for construction contracts spanning years.. Dokuz Eylül University, Journal of Social Sciences Institute 17. Public Oversight Authority. Accessed on March 1, 2019 at http://www.kgk.gov.tr/Portalv2Uploads/files/DynamicContentFiles/T%C3%BCrkiye%20Muhasebe%20Standartlar%C4%B1/TMSTFRS2019Seti/TFRS/TFRS_15.pdf. 18. "Income Tax Law No. 193 dated 31.12.1990", Official Gazette 06.01.1961 / 10700. 19. "Zoning Law No. 3194 dated 03.05.1985 ” , Official Gazette, 09.05.1985 / 18749 20. "Public Procurement Law No. 4734 dated 04.01.2002" , Official Gazette, 22.01.2002 / 7 24648
The Effect Of The Construction and Repair Progress Payments Spanning Years Account-35 on The Market Value of a Company in The Financial Statements Prepared According to International Financial Reporting Standards
Abstract
The laws and regulations that guide the accounting system in Turkey bringing forth different applications compared to the international accounting system caused users to experience difficulties. The aim of the companies is to facilitate the access to understandable and comparable company information for investors and other financial statement users by preparing their financial statements showing their financial position in accordance with International Financial Reporting Standards. National and international investors have been allowed to closely monitor the financial position of publicly traded companies in Turkey through Istanbul Stock Exchange (BIST). Market value of businesses has become one of the issues of increasing importance in financial markets. There are several factors that affect the market value of businesses. In this study, the effect of the 35 Construction and Repair Progress Payments Spanning Years item used by the sample companies operating in the construction sector (whose construction work lasts more than one year) at the Public Disclosure Platform is examined. As a result of the study, it cannot be said that there is a direct positive relationship between 35 Construction and Repair Progress Payments Spanning Years account group and the market value of the business considering the other factors which affect the market value. However, when other factors are ignored, if the progress payments increase, it is concluded that the company has a business in its hand and is active in its field and that its market value may increase.
Keywords
International Financial Reporting Standards 35 Construction Repair Progress Payments Spanning Years Account Market Value
References
- 1. Akça, S. (2016). An application for accounting of construction and repair operations spanning years in terms of Tax Procedure Law and Turkish accounting standards. Unpublished master’s thesis. Adnan Menderes University Institute of Social Sciences. Aydın 2. Akgün, A. (2016). Progress payment regulations in contractor construction companies and building information modeling (BIM) applications. Published master's thesis. Istanbul Technical University, Institute of Science and Technology, Istanbul. 3. Gümüş, E. (2015). Comparison of income and costs arising from construction contracts in terms of Turkish tax legislation and Turkish accounting standards (TAS), and accounting application. Published master's thesis. Marmara University Institute of Social Sciences, Istanbul. 4. Aydın, Ş.(2015).Construction activities spanning years and accounting. Unpublished master’s thesis. Okan University Social Sciences Institute Istanbul. 5. Ball, R. (2006). International Financial Reporting Standards (Ifrs): Pros and Cons for Investors Accounting and Business Research, Forthcoming. University of Chicago Booth School of Business,65 6. Durmuş Acar, Nilüfer Tetik, (2013) General Accounting, Detay Yayıncılık, 11thEdition, Ankara 7. Epstein & Jermakowicz. (2010) Interpretation and Application of International Financial Reporting Standards 8. İşseveroğlu, G. & Gençoğlu, Ü.(2018). Financial reporting in construction contracting companies in terms of tax regulations and accounting standards in Turkey. International Journal of Social Inquiry, 11(2). 9. Kaya, V., Yalçınkaya, V., Hüseyni, Ö. (2013). The role of the construction sector in economic growth: the case of Turkey (1987-2010). Atatürk University Journal of Economics and Administrative Sciences, 27(4), 148-168. 10. Ministry of National Education (2011). Construction Operations. Ankara: Megep 11. Ministry of National Education (2008). Construction Operations. Ankara: Megep 12. Uzay, Ş. & Seval K. Selimoğlu, (2007), Accounting Control Gazi Bookstore, Ankara 13. Şen, İ.(2012). Percentage of Completion Method According to IAS 11 - Construction Contracts. Çukurova University Journal of the Faculty of Economics and Administrative Sciences, 16(2) 83-84. 14. Şenlik, M. (2011). Construction accounting. (4thEdition). Ankara: Finance and Law Publications 15. Tosunoğlu, B., & Cengiz, Selim. (2018). Accounting practices of construction and repair operations spanning years under TFRS 15, TAS 11 and TPL. Çankırı Karatekin University Journal of the Institute of Social Sciences, 9(8). 16. Yereli, A, Kayalı, N, Demirlioğlu, L.(2011). Accounting of construction contracting activities in accordance with Turkish accounting standard (Tas 11) for construction contracts spanning years.. Dokuz Eylül University, Journal of Social Sciences Institute 17. Public Oversight Authority. Accessed on March 1, 2019 at http://www.kgk.gov.tr/Portalv2Uploads/files/DynamicContentFiles/T%C3%BCrkiye%20Muhasebe%20Standartlar%C4%B1/TMSTFRS2019Seti/TFRS/TFRS_15.pdf. 18. "Income Tax Law No. 193 dated 31.12.1990", Official Gazette 06.01.1961 / 10700. 19. "Zoning Law No. 3194 dated 03.05.1985 ” , Official Gazette, 09.05.1985 / 18749 20. "Public Procurement Law No. 4734 dated 04.01.2002" , Official Gazette, 22.01.2002 / 7 24648
Details
| Primary Language | English |
|---|---|
| Subjects | Finance |
| Journal Section | Review Article |
| Authors | |
| Publication Date | June 24, 2020 |
| Acceptance Date | June 16, 2020 |
| Published in Issue | Year 2020 Volume: 2 Issue: 1 |
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