Scope Of Inflation Accounting Services In Compliance With TMS/TFRS Standards

By applying the inflation accounting accounting technique, we convert the statutory books from historical cost basis to restated financial statements in accordance with the IAS 29 Standard. While applying this accounting technique, we will use the principles and methods in the IAS 29 Implementation Guide published by the Public Oversight Authority.

While presenting the inflation adjusted financials to company managements; we will perform a comparative analysis and explain the effects of restatement on financial performance and financial position of companies. In addition, we will demonstrate the calculation of Monetary Gain/Loss, and Monetary and Non-Monetary Financial statement items to the finance personnel.

Elerman Advisory Inflation Accounting Expertise;

Our experience in inflation accounting goes back to 2003; when inflation accounting was first applied in Turkey as part of the regulation, promulgated by the Capital Markets Board. We have applied inflation accounting technique to several public and non-public companies’ financial statements.