Author(s): Rüya Kaplan YILDIRIM
Within the scope of EU harmonization process, there seen numerous reforms about lots of area, in?tially about environmental awareness. By means of the laws enacted, it is ensured that the businesses make production without damaging the environment and the outcomes and technologies produced are to be environmental friendly. Particularly, the businesses making production according to the Turkey Financial Reporting Standards (TFRS) are more sensitive in this subject and they take some precautions to eradicate or, at least, minimize the environmental damage they cause. For the costs of these precautions they need to make provisions in the balance sheet date by discounting. Although there is no standard in Turkey Accounting Standards (TAS) for these provisions, the businesses make environmental provisions according to the “ TAS item no 37- provisions, conditional responsibilities and contingent assets” mentioning in their footnotes. In this study, mentioning the standard TAS 37 (in this article TFRS and TAS are mentioned together as TAS) ,and analyzed the years of 2012 and 2013 financal reports of those 53 businesses in Turkey which must make environmental provisions and whose shares are traded in Stock ?stanbul are investigated.
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