Standard of accounting harmonization studies have been started to be able to make different countries international finance practices harmonious and by this way, to be able to increase comparability of financial statements, to be able to improve capital market. The main institutions which are studying on this subject are the United Nations, OECD, European Union, IFAC, IOSCO, FEE IASC and IASB.
In Turkey, beside the legal regulations such as TTK, VUK, Bank and Insurance Laws, Capital Market Law and SM, SMMM and YMM, there are a lot of institutions which have studied on this subject for the establishment of accounting standards.
Turkish Accounting Standards Board has established to set an exact uniform International Accounting Standards compatible with IFRS.
This study includes some general information about accounting standards. The historical background of International Accounting Standards and Turkish Accounting Standards presents then, the studies about this field in Turkey are mentioned.
Keywords: International Accounting Harmonisation, International Financial Reporting Standards, Turkish Accounting Standards