The new International Financial Reporting Standard (IFRS) 16 issued by the International Accounting Standards Board will significantly change accounting for leases. The most important issue is that operating leases beyond one year will be capitalized, which means Off-TheBalance Sheet (OBS) financing via operating lease is effectively eliminated. "IFRS 16: Leases" will fundamentally change the way that leases are accounted for and reported in financial statements. This paper tries to illustrate the impact of IFRS 16 on financial statements and financial ratios. The study is an ex ante research, simulating a predicted outcome of the new lease standard, which will be in effect after 1 January 2019. For this purpose, this research is applied to the Turkish retailing companies whose shares are publicly traded in the Istanbul Stock Exchange. The study uses the constructive capitalization method for these companies. The results indicate that new standard will have a statistically significant effect on some of the financial ratios tested (debt/asset, debt/equity, return on assets (ROA) and return on equity (ROE)) for 2010 -2013.
The football economy has grown continuously in the last 20 years, especially with the effect of globalization, and today the annual revenues of the European football market have reached approximately 29 billion dollars. In such a large economy, the return on investment is expected to be of the same magnitude. The factor that most affects the incomes of football clubs from their investments is sportive success. In this context, the financial reports of Galatasaray, Beşiktaş, Fenerbahçe and Trabzonspor clubs, which are in the Turkish Super League and whose shares are traded in the BIST 100 index, are examined and the financial performance indicators obtained from these reports are determined. The athletic achievements of these clubs in the same period are also calculated and expressed numerically. By applying panel data analysis, financial performance indicators and sportive success results for the period of 2009-2019 are analyzed. The aim of this analysis is to determine whether the sportive achievements of these clubs, which are considered to be the big four in Turkey and whose shares are traded in the BIST 100, create a financial return.
This study widens earlier research, which examined the relationship between financial performance, sustainability reporting (SR) and integrated reporting (IR). High performance enterprises and control group companies were compared with regard to their state of readiness to IR and SR. The population includes non-financial companies in Borsa Istanbul (BIST). Our hypothesis is that HPC will exceed Non-HPC in IR and SR. We evaluate two groups disclosure practices based on an IR and sustainability reported matrix developed from the International Integrated Reporting Committee (IIRC) and Global Reporting Initiative (GRI) standards. The findings reveal that HPCs in Turkey show more on the disclosures of SR and IR compared to Non-HPCs. The paper provides evidence that support the suggestion that Turkish HPCs disclose better information compared to Non-HPCs and achieved to support conclusions of previous research.
Süreklilik esası, işletmelerin öngörülebilir bir gelecekte faaliyetlerine devam edeceklerini veya faaliyetlerini belirli bir süreye bağlı olmaksızın sürdüreceğini varsaymaktadır. Muhasebe standartlarına göre işletme yönetimi sürekliliğe ilişkin bir değerlendirme yapmak ve süreklilik esasına göre finansal tabloları hazırlamakla yükümlüdür. Bağımsız Denetim Standardı (BDS) 570 standardına göre ise bağımsız denetçiler yönetimin süreklilik esasının uygulayışını ve sürekliliğe ilişkin değerlendirmesinin doğruluğunu denetlemek zorundadır. Bu çalışmada 2017-2021 yılları arasında Borsa İstanbul’da listelenen 450 işletmenin bağımsız denetim raporları içerik analizi yöntemi kullanılarak incelenmiştir. Analiz sonucunda işletmenin sürekliliği esasının tüm işletmelerce doğru kullanıldığı belirlenmiştir. 5 yıllık süreçte işletmenin sürekliliği ile ilgili verilen görüşlerin olumlu ve sınırlı olumlu görüş olduğu ve işletmelerin en çok finansal konular ile ilgili belirsizliklere sahip olduğu tespit edilmiştir. Çalışma sonucunda genel olarak süreklilikle alakalı raporların sayısında (Covid-19 dönemi hariç) yıllar içeresinde önemli artış ya da azalış olmadığı görülmüştür. Ayrıca sektörler arasında da anlamlı farklılıklar olmadığı anlaşılmıştır.
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