In terms of financial assets, Turkish Uniform Accounting System and Turkish Accounting Standard 39 have major differences. Scope, accounting and valuation-measurement of financial assets are based on different grounds in these two approaches. This paper handles shares held for trading. In the theoretical part of the study, the scope, accounting and valuation of shares held for trading are examined in depth from the perspectives of Turkish Uniform Accounting System and Turkish Accounting Standard 39. With the examples provided in the practice section of the study, it is illustrated how the differences in these two approaches are reflected on accounting records and financial statements.
TMS 39, shares held for trading financial assets, financial assets
