Fiaco Global

Apr 12

Posted at 16:15h in Fiaco Global

What is Money? What are its Functions? Money is a medium of exchange with three functions. Its first function is to be a means of payment. If it does not have the characteristics of a means of payment accepted by everyone, that medium of exchange is not considered money. Its second function is as a unit of measurement. If it does not show the value of a product, the medium of exchange is money...

Apr 12

Posted at 16:15h in Fiaco Global

WHAT IS A FREE ZONE? WHAT ARE THEIR PURPOSES? WHERE ARE THE FREE ZONES IN TURKEY? Free zones are zones that are located within the political borders of the country in which they are located, but are considered outside the customs line in terms of foreign trade, customs and tax legislation. In short; they are exempt from many obligations or less obligations arising in the commercial life of the country in which they are located...

Apr 12

Posted at 16:12h in Fiaco Global

The harmonization efforts of IFRSs, which started to be issued in the 1970s, continue even today in Turkey. Especially after the TCC No. 6102 entered into force in 2011, the obligation to comply with the standards issued by the POA as of 2013 is among the most recent examples that can be given to this situation.With the new TCC, financial reporting and accounting...

Apr 12

Posted at 16:12h in Fiaco Global

The Communiqué on Financial Reporting Standards for Large and Medium-Sized Enterprises (BOBİ FRS) prepared by POA was published in the Official Gazette No. 30138 on July 29, 2017.The purpose of this Communiqué is to ensure that the individual and consolidated financial statements of entities that are subject to independent audit and do not apply Turkish Financial Reporting Standards...

Apr 12

Posted at 16:11h in Fiaco Global

Work accidents, today's knowledge, technology, etc. It is a common situation in business life as a result of the increase in concepts. Work accidents and occupational diseases are also confused because they are close concepts.What are Work Accidents and Occupational Diseases? Occupational accidents are confused with each other by many global institutions and organizations.

Apr 12

Posted at 16:10h in Fiaco Global

Occupational disease and occupational accident are concepts that are confused with each other. In previous studies, occupational accidents have been mentioned in detail under the title 'WORK ACCIDENTS IN WORKING LIFE'. In this study, occupational diseases will be included.What is Occupational Disease? Occupational diseases are defined in the Social Security and General Health Insurance Law No. 5510 and Labor Law No. 6331.

Apr 12

Posted at 16:09h in Fiaco Global

What is Consignment? Who are the Parties? Consignment, as a word, means the transportation of goods with an intermediary (broker) without any change in the ownership of the goods. In consignment sales applications, the goods are sent to a business (broker). During this sending process, the possession of the goods is transferred. In consignment sales, the person who has a say in the sales and prices of the goods is the one who sends the goods...

Apr 12

Posted at 16:09h in Fiaco Global

What is the Tourism Share Declaration? Law No. 7183 dated July 11, 2019 established the Turkey Tourism Promotion and Development Agency. The Tourism Declaration is a declaration that emerged with the establishment of this agency, in order to form the financing of the management, supervision, income and expenses or, in other words, the activities of the agency in question, 7183...

Apr 12

Posted at 16:08h in Fiaco Global

What is a Legal Ledger? Legal books are books that are used to record the transactions made by companies. Legal books are books that have a legal basis with laws such as the Turkish Commercial Code and Tax laws, which are obliged to be kept according to the same laws, where commercial life transactions are recorded, and which must be kept physically.What are the Types of Legal Books? Legal books, Turkish Commercial...

Apr 12

Posted at 16:08h in Fiaco Global

Payment (payment) is the process of partial or complete elimination of a debt by payment (transfer to the counterparty) with money or other payment method. When we consider the payment transaction in terms of the business and the accounting transactions to be made in terms of the business; previously obtained resources and recorded as resources...