TAS numbers are the same as IAS numbers: TAS 2 Inventories, TAS 16 Property, Plant and Equipment, TAS 36 Impairment of Assets, TAS 37 Provisions, and so on. In practice, "TAS/TFRS" is used to refer to the whole set.
Related terms
Turkish Financial Reporting Standards (TFRS)The financial reporting standards issued by the POA in line with International Financial Reporting Standards (IFRS).International Financial Reporting Standards (IFRS)The financial reporting standards issued by the International Accounting Standards Board (IASB) and used in more than 140 countries.Accounting policiesThe specific principles, bases, conventions, rules and practices an entity applies in preparing its financial statements.Amortised costThe amount at which a financial asset or liability is measured at initial recognition, minus principal repayments, plus cumulative amortisation calculated using the effective interest method.AssociateAn entity over which the investor has significant influence but not control or joint control.BOBİ FRS (Turkish GAAP for SMEs)The financial reporting standard issued by the POA for large and medium-sized entities that are subject to independent audit but do not apply TFRS.
Last updated: October 22, 2026 · This definition is for general information only.