DURSUN, Adem Atatürk Üniversitesi - İİBF İşletme Bölümü, Turkey , YALNIZ, Serkan Milli Eğitim Bakanlığı, Turkey

SERVICE PRODUCTION COSTS IN THE ACCOMMODATION BUSINESSES-AN EVALUATION IN TERMS OF IAS-2 STOCKS AND IAS-18 REVENUE STANDARDS -

36701

As a result of business life with no more economic frontiers, the need for internationally comprehensible, comparable and transparent financial information necessitates accounting systems applying same standards. The Uniform Accounting System used currently in Turkey bears significant differences with Turkish Accounting Standards that became obligatory according to new, 01.07.2012 dated Turkish Commercial Code. One of these differences is that the cost of production services is calculated and accounted in enterprises in service sector. The purpose of this study is to assess the cost of service production, which cannot be sold at accommodation companies at the end of period or which cannot be reflected on financial statements as revenue after sale, with respect to IAS-2 Stocks and IAS-18 Revenue Standards. In this sense, the analysis on an accommodation enterprise registered in Istanbul Stock Exchange shows that the obligatory information via consolidate financial statements of the company is given in a very limited manner compared to requirements of IAS-2 Stocks and IAS-18 Revenue Standards.

139

Accommodation Enterprises , Service Production Costs , IAS , 2 Stocks Standard , IAS , 18 Revenue Standard

Journal Of Economics and Administrative Sciences, Ataturk University

157