Turkish GAAP definition

Turkish GAAP means the uniform chart of accounts applied in Turkey in accordance with the Tax Procedural Law No. 213, published in the Official Gazette dated 4 January 1961 and numbered 10703 - 10705213.
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Turkish GAAP means generally accepted accounting principles in accordance with Turkish Uniform Chart of Accounts and Turkish Tax Procedural Code as of the date of the signature of this Agreement.
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Turkish GAAP means the accounting principles generally accepted in the Republic of Turkey from time to time.
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Examples of Turkish GAAP in a sentence

  • Interest in this field should be revived since these formats are at present the most com- monly used and in the more immediate future, they will continue to com- plement the more innovative formats.This lack of interest and little research have encouraged us to study television sales in more detail.

  • Since several accounting practices of IFRS, such as fair value measurement of certain assets, are not permitted under Turkish GAAP, it is expected that Turkish companies’ financial statements should be affected considerably by the transition to the new accounting regime.

  • In other words, firms listed on Borsa Istanbul have invested in more intangible assets during the years from 2005 to 2016.As shown in Table 2, the profitability of sample firms in IFRS period (2005- 2016) has substantially increased compared to Turkish GAAP period (2000-2005).

  • The Bank and its subsidiaries maintain their books of accounts and prepare their statutory financial statements in Turkish Lira (TL) in accordance with the Accounting Practice Regulations as promulgated by BRSA, the Turkish Commercial Code and the Turkish Tax Legislation (collectively, Turkish GAAP).

  • Kuveyt Türk’s Audited IFRS Accounts have been substantially prepared in conformity with IFRS, and Kuveyt Türk’s Unconsolidated Reviewed Interim Financial Statements have been prepared in accordance with Turkish GAAP.

  • Rather, in accordance with its requirements under Turkish law, Icdas follows Turkish GAAP in its financial accounts and trial balances, and only voluntarily prepares IFRS financial statements to comply with terms set by certain creditors.

  • For a description of highlights of certain differences among IFRS and Turkish GAAP, see Summary of Differences between IFRS and Turkish GAAP set forth in Appendix B and Business Description of Kuveyt Türk— Credit Risk—Credit Classification and Provisioning Policy—IFRS/BRSA Provisioning.

  • Please take advantage of the mail-in ballot (see above) option if you won’t be at Mistusinne on Election Day.

  • In the cost model adopted by Turkish GAAP, impairment losses ofintangible assets are not accountedMeasurement Model For InvestmentPropertyTwo options are available.

  • Kroman’s financial accounting practices are in accordance with Turkish GAAP as prescribed by the Ministry of Finance for tax accounting (VUK tax procedure law).9.


More Definitions of Turkish GAAP

Turkish GAAP means accounting principles generally accepted in the Republic of Turkey, consistently applied during the periods involved.
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Related to Turkish GAAP

  • UK GAAP means generally accepted accounting principles in the United Kingdom.

  • Brazilian GAAP means, collectively, the accounting principles prescribed by Brazilian Corporate Law, the rules and regulations issued by applicable regulators, including the CVM, as well as the technical releases issued by the Brazilian Institute of Accountants (Instituto Brasileiro de Contadores), in each case as in effect from time to time.

  • U.S. GAAP means United States generally accepted accounting principles consistently applied.

  • PRC GAAP means the generally accepted accounting principles in the PRC.

  • GAAP means generally accepted accounting principles in the United States of America.

  • IFRS means International Financial Reporting Standards as issued by the International Accounting Standards Board.

  • Canadian GAAP means Generally Accepted Accounting Principles as provided in the Handbook of the Canadian Institute of Chartered Accountants.

  • Mexican GAAP means generally accepted accounting principles in Mexico in effect on the Issue Date.

  • Accounting Principles means the international financial reporting standards (IFRS) within the meaning of Regulation 1606/2002/EC (or as otherwise adopted or amended from time to time).

  • Australian Accounting Standards means the accounting standards made by the Australian Accounting Standards Board in accordance with section 227 of the Australian Securities and Investments Commission Act 2001 (Cth).

  • HKFRS Hong Kong Financial Reporting Standards issued by the Hong Kong Institute of Certified Public Accountants

  • Agreement Accounting Principles means generally accepted accounting principles as in effect from time to time, applied in a manner consistent with that used in preparing the financial statements referred to in Section 5.4.

  • IAS means International Accounting Standards;

  • SAP means, with respect to any Insurance Subsidiary, the statutory accounting practices prescribed or permitted by the insurance commissioner (or other similar authority) in the jurisdiction of such Insurance Subsidiary for the preparation of annual statements and other financial reports by insurance companies of the same type as such Insurance Subsidiary that are applicable to the circumstances as of the date of filing of such statement or report.

  • Agreed Accounting Principles means GAAP; provided, however, that, with respect to any matter as to which there is more than one generally accepted accounting principle, Agreed Accounting Principles means the generally accepted accounting principles consistently applied in the preparation of the Latest Audited Company Balance Sheet; provided, further, that, for purposes of the Agreed Accounting Principles, no known adjustments for items or matters, regardless of the amount thereof, shall be deemed to be immaterial.

  • Generally Accepted Accounting Principles or “GAAP” means generally accepted accounting principles in the United States, consistently applied, which are in effect on the date of this Indenture.

  • UK generally accepted accounting principles and practices means the principles and practices prevailing from time to time in the United Kingdom which are generally regarded as permissible or legitimate by the accountancy profession irrespective of the degree of use.

  • Accounting system means the Contractor's system or systems for accounting methods, procedures, and controls established to gather, record, classify, analyze, summarize, interpret, and present accurate and timely financial data for reporting in compliance with applicable laws, regulations, and management decisions, and may include subsystems for specific areas such as indirect and other direct costs, compensation, billing, labor, and general information technology.

  • Fixed GAAP Date means the Issue Date; provided that at any time after the Issue Date, the Company may by written notice to the Trustee elect to change the Fixed GAAP Date to be the date specified in such notice, and upon such notice, the Fixed GAAP Date shall be such date for all periods beginning on and after the date specified in such notice.

  • IASB means the International Accounting Standards Board;

  • International Financial Reporting Standards or “IFRS” means the accounting standards issued or endorsed by the International Accounting Standards Board.

  • Capital Leases means, as applied to any Person, any lease of (or any agreement conveying the right to use) any property (whether real, personal or mixed) by such Person as lessee which in accordance with GAAP, is required to be reflected as a liability on the balance sheet of such Person.

  • International Accounting Standards means the accounting standards approved by the International Accounting Standards Board from time to time.

  • Fixed GAAP Terms (a) the definitions of the terms “Capitalized Lease Obligation,” “Consolidated Depreciation and Amortization Expense,” “Consolidated Interest Expense,” “Consolidated Net Income,” “Consolidated Tangible Assets,” “Consolidated Working Capital,” “EBITDA,” “ECF CNI,” “Excess Cash Flow,” “Fixed Charge Coverage Ratio,” “Fixed Charges,” “Funded Debt,” “Indebtedness,” “Investments,” “Net Income,” “Senior Secured Indebtedness” and “Senior Secured Indebtedness to EBITDA Ratio,” (b) all defined terms in this Agreement to the extent used in or relating to any of the foregoing definitions, and all ratios and computations based on any of the foregoing definitions, and (c) any other term or provision of this Agreement or the other Loan Documents that, at the Borrower’s election, may be specified by the Borrower by written notice to the Administrative Agent from time to time.

  • Applicable Accounting Principles means, with respect to the Borrower, those accounting principles required by the ICA and prescribed by the SEC for the Borrower and, to the extent not so required or prescribed, GAAP.

  • Tax Legislation means all statutes, statutory instruments, orders, enactments, laws, by-laws, directives and regulations, whether domestic or foreign decrees, providing for or imposing any Tax.