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Financial Statement Analysis under IFRS

Financial Statement Analysis under IFRS

Yasemin Zengin Karaibrahimoglu, Gökçe Tunç
Copyright: © 2014 |Pages: 18
ISBN13: 9781466651548|ISBN10: 1466651547|EISBN13: 9781466651555
DOI: 10.4018/978-1-4666-5154-8.ch017
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MLA

Karaibrahimoglu, Yasemin Zengin, and Gökçe Tunç. "Financial Statement Analysis under IFRS." Handbook of Research on Strategic Business Infrastructure Development and Contemporary Issues in Finance, edited by Nilanjan Ray and Kaushik Chakraborty, IGI Global, 2014, pp. 238-255. https://doi.org/10.4018/978-1-4666-5154-8.ch017

APA

Karaibrahimoglu, Y. Z. & Tunç, G. (2014). Financial Statement Analysis under IFRS. In N. Ray & K. Chakraborty (Eds.), Handbook of Research on Strategic Business Infrastructure Development and Contemporary Issues in Finance (pp. 238-255). IGI Global. https://doi.org/10.4018/978-1-4666-5154-8.ch017

Chicago

Karaibrahimoglu, Yasemin Zengin, and Gökçe Tunç. "Financial Statement Analysis under IFRS." In Handbook of Research on Strategic Business Infrastructure Development and Contemporary Issues in Finance, edited by Nilanjan Ray and Kaushik Chakraborty, 238-255. Hershey, PA: IGI Global, 2014. https://doi.org/10.4018/978-1-4666-5154-8.ch017

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Abstract

This chapter provides a clear conceptual discussion on the recent developments in the Financial Statement Analysis (FSA). It presents how IFRSs changed the outlook of the financial reporting and the analysis and explains the key points that should be considered in FSA. Using a case study on the financial reports of Turkcell, a communication and technology company listed both on the New York Stock Exchange (NYSE) and the Borsa Istanbul (BIST), the differences between IFRSs and U.S. GAAP accounting standards in the measurement of overall financial performance and position are documented. Overall findings show that IFRSs change the appearance of financial statements significantly. While IFRS reporting extenuates “the bottom line” it accentuates total assets with higher shareholder equity compared to U.S. GAAP. This chapter might be a practical guide for users, preparers, and regulators to understand the cosmetic impact of IFRSs on financial statements.

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