In this study, attention is drawn to the assessment and recognition of the derivatives in line with the aforementioned standards, and alternative solutions are discussed. | Comparison of methods for the recognition of derivative financial products within the scope of Turkish financial reporting standards TFRS International Journal of Management IJM Volume 8 Issue 1 January February 2017 211 Article ID IJM_08_01_024 Available online at http ijm JType IJM amp VType 8 amp IType 1 Journal Impact Factor 2016 Calculated by GISI ISSN Print 0976-6502 and ISSN Online 0976-6510 IAEME Publication COMPARISON OF METHODS FOR THE RECOGNITION OF DERIVATIVE FINANCIAL PRODUCTS WITHIN THE SCOPE OF TURKISH FINANCIAL REPORTING STANDARDS TFRS Burak TERİM Asst. Professor Manisa Celal Bayar University Faculty of Economics and Administrative Sciences Department of Business Administration Manisa Turkey ABSTRACT In the global competition environment the companies areas of usage regarding derivative financial products became widespread and these instruments started to take an important place in the liability statements of the businesses. In terms of financial accounting the companies need to reflect the usage of derivative financial products in their financial statements and in terms of administrative accounting they search for methods that will facilitate the follow-ups for the performance assessment and decision making procedures regarding the processes of large scale derivatives. The companies making investments in the derivatives in hopes of risk management or speculation acquire mutual rights and liabilities through the contracts they make. For the assessment and recognition of these rights and liabilities the standards numbered TMS 32 TMS 39 TFRS 7 and TFRS 9 were published by the Public Oversight Authority of Turkey. These standards coincide with the standards published by the International Accounting Standards Board IASB . In this study attention is drawn to the assessment and recognition of the derivatives in line with the aforementioned standards and alternative solutions are discussed. Key
