Evaluations of Accounting Professionals and Accounting Academicians Regarding to International Financial Reporting Standards: A Comparative Analysis

Abstract

* This work is partially supported by Scientific Research Projects (BAP) Grant # 14701018 to Halil Akmese. Abstract Adoption of International Financial Reporting Standards (IFRS) in some countries led to various problems and stimulated the research efforts regarding to this issue. Turkey, as being a developing country, is trying to integrate to the global economy by amending new regulations such as Turkish Trade Code 2011 or by adopting recently developed guidelines such as IFRS. As a result of the adaptation efforts to the world economy and changing regulations there might be dissension or consensus on emerging issues such as the adoption and mandatory use of IFRS. Major aim of this study is to reveal the personal evaluations of accounting professionals and accounting academicians, whom might be considered as implementation and conception parties respectively regarding to accounting and IFRS. A short questionnaire is directed to 66 accounting professionals and 36 academicians in Konya/Turkey in order to determine the general tendency of professionals and academicians towards IFRS. Results are processed by means of SPPS software and findings are compared quantitatively. This study is designed to shed light on the situation rather than seeking a remedy for a specific problem. Index Terms Accounting, IFRS, IFRS Adoption.