International Financial Reporting Standards for Smes and The Applicatıon Process In Turkey

Today, 95% of the world and in our country's economic system occurs from the Small and Medium-Large Enterprises (SMEs) constitute. Only the European Union, more than 25,000,000 and in our country 1.000.000 companies is estimated in the SME status. As shown the SMEs get a large share of sector ,the existence of their special structure, has become inevitable. One of these special structure, is financial reporting. Increasingly widespread use of International Financial Reporting Standards,the issue of how to implement those standards to SMEs, has been brought up. And for this problem in 2009 "SMEs for IFRS''was published. by IFRS. In this context, the basic aim of our study is to investigate and see the implemention proses of ―IFRS for SMEs‖ which resolve the differences of national accounting systems that applied in various countries of the world and will enable to comparison of financial reports and to see how affects and what would bring to Turkey‘s economic system