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TFRS (Turkish Financial Reporting Standards) IFRS was translated into Turkish and adapted to Turkish commercial life.
The new Turkish Commercial Code requires all businesses residing in Turkey to prepare financial statements and reports in accordance with the Turkish Financial Reporting Standards published by the TMSK (with the new Decree; Public Oversight, Accounting and Auditing Standards Authority) and fully compliant with IFRS.
With the implementation of TFRS, companies will have switched to an effective reporting system that is internationally accepted. In this way, the institution can measure its own activities and performance in a healthier way, while providing external resources for its financing needs and the ease of inspection with standard reporting by external or internal investors, thus making it important. will provide a competitive advantage.
CPM ERP is currently the first and only Turkish ERP program that has succeeded in implementing TFRS.
With the setup made according to the transaction priority in the TRFS reporting standards, while the VUK and TRFS transactions of the enterprise are carried out simultaneously, reporting can be performed separately for both sources.
