u n i f o r m c h a r t o f a c c o u n t s-stanbul s m m m odas（u n i f o r m c h r t o f c c o u n t s-stanbul s m m m oda）.docVIP

UNIFORM CHART OF ACCOUNTS INDEX I Introduction Purpose of regulation Nature of regulation Context of the regulation Effective date II Basic concepts of accounting Social responsibility Entity concept Going concern concept Cut-off concept Monetory unit concept Costing concept Objectivity Consistency concept Full disclosure concept Prudence concept Materiality concept Substance over form concept III Explanations on accounting policies IV Principles of financial statements Purpose of financial statements Characteristic of information in the financial statements Preparation principles of basic financial statements Income statements principles Balance sheet principles V Preparation and presentation of financial statements Basic financial statements A Balance sheet B Income statament Other financial statements A Funds flow statement B Profit distribution table C Cost of sales statement D Statement of changes in shareholders’ equity VI The framework of uniform chart of accounts, the chart of accounts and explanations A The frame of uniform chart of accounts B Chart of accounts C Explanations on the chart of accounts Appendices Table 1 Summary of balance sheet Table 2 Detailed balance sheet Table 3 Summarised income statement Table 4 Detailed income statement Table 5 Statement of cost of sales Table 6 Sources and uses of funds Table 7 Statement of cash flows Table 8 Profit distribution table Table 9 Changes in shareholders’ equity table FOREWORD The introduction of the Uniform Chart of Accounts as of 1 January 1994 marks the beginning of a new era for Turkish accounting practice. As explained in more detail in the first chapter of this booklet, the Communiqués introduced by the Ministry of Finance on the Uniform Chart of Accounts regulate the basic concepts and principles of accounting in addition to providing a guideline for the preparation and presentation of finan