Author(s): Fikret OTLU** Erkin Nevzat GÜDELC
BOB? FRS is a financial accounting set which is based on International Financial Accounting Standards (IFRS) developed by International Accounting Standard Board (IASB). Effective usage of BOB? FRS will contribute to the concept of mutual accounting reporting. Juridical regulations of countiries, economic structure and the place and importance of accounting profession in the country and other things cause the accounting standarts different from each other. These different accounting applications make the realtionships difficult for countries. After globilization, it is getting more and more necessary to have one type of standart set in accounting like all areas. However, only one universal accounting standart set will certainly contribute to development for commercial relationships. The study is aimed to display the challenges faced by the countries like Turkey in adopting International accounting standards like BOB? FRS. In addition to this, recommendations were given to eliminate the challanges ahead of effective usage of BOB? FRS. It was also explained what affirmative effects are expected with effective usage of BOB? FRS.
The Journal of International Social Research received 8982 citations as per Google Scholar report
