What is The Annual Result of 2018: Income or Loss? The Case of Turkish Airlines

Burcu Adiloğlu () and Göksel Yücel
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Burcu Adiloğlu: İstanbul Üniversitesi İşletme Fakültesi, Muhasebe Anabilim Dalı, İstanbul, Türkiye
Göksel Yücel: İstanbul Üniversitesi İşletme Fakültesi, Muhasebe Anabilim Dalı, İstanbul, Türkiye

Muhasebe Enstitusu Dergisi - Journal of Accounting Institute, 2019, vol. 0, issue 61, 103-112

Abstract: At the beginning of March 2019, the Public Dislosure Platform (of Turkey-PDP) disclosed the Provisional Corporate Tax Return of Turkish Airlines for the year 2018, on its Website. In this tax purposed statement, there was a loss of about 8 billion Turkish Liras. This result was widely discussed on social media, as was the the poor performance of the company’s management. Shortly after that the company disclosed its IFRS based statements, and do PDP. According to IFRS Turkish Airlines had an income about 4 billion Turkish Liras. This discrepancy was also discussed not only on social platforms, but also on television programs. In this case, these results are discussed between old classmates including the functional currency concept. With the aim to make the text more reader friendly, some changes have been made in the case scenario, but most of the discussions were actual discussions which took place.

Keywords: Turkish Airlines; Taxable income (loss); IFRS income (loss); Functional currency (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:ist:imeder:v:0:y:2019:i:61:p:103-112

DOI: 10.26650/MED.2019589139

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