A SURVEY TO DETERMINE THE LEVEL OF PERCEIVED BY BUSINESSES TURKEY FINANCIAL REPORTING STANDARDS FOR SMEs: THE EXAMPLE OF GAZİANTEP

Abstract

Turkey Finance Reporting Standarts (TFRS) was prepared for Small and Medium-sized enterprises (SME) and it is published on Offical Journal on November 2010. SME TFRS is based on International Financial Reporting Standards (IFRS for SMEs). SME TFRS has a simpler and more understandable structure than the full set.This study was conducted to investigate the level of perception of SMEs on TFRS in some SMEs which are active in Gaziantep. 290 survey are conducted by using random sample method. At the end of the research, it is found that 8.6% of SMEs do not have any information about TFRS, 29.3% of SMEs have little information about TFRS, 42.8% of SMEs have information on average level about TFRS and 27.3% of SMEs have information on good level. Moreover, the relationship between the caracteristics of companies and their perception level on TFRS is analysed by using across tables. In addition, one-way analysis of variance was conducted from difference tests to see whether the views on TFRS applications varied according to sectoral variables; As a result, the difference between the arithmetic mean of sector groups was found to be statistically significant.