The Turkish Accounting Standards Board (TMSK) issued TMS 32, "Financial Instruments: Disclosure and Presentation” and TMS 39, “Financial Instruments: Recognition and Measurement” in 2006, and TFRS 7, “Financial Instruments: Disclosures” in 2007. These standards comprise a very comprehensive set of requirements. The aim of this paper is to discuss and analyse fundamental principles and applications of these standards in full compliance with the standards issued by International Accounting Standards Board (IASB).
Misirlioglu, I. (2008). Accounting for financial instruments in Turkish accounting standards