Peiman Sadeghi - Department of accounting, College of accounting, MeshkinShahr Branch, Islamic Azad university, MeshkinShahr, Iran.
Fatih Yılmaz - Professor of Accountıng, Istanbul University, Turkey, Faculty of Business Administiration

The increase in the number of internationally companies is the result of globalization and improvements in the capital market. As the circulation of global capital accelerates, the effects are reflected in the Accounting Profession. These developments that have taken place at international level, have brought some problems or differences in terms of Financial Reporting and Accounting Applications. These differences prevent the creation of comparable financial statements for global companies (or investments).However; Commercial, Political and Cultural relations between Turkey and Iran have been going on for long time ago. Turkey and Iran are two neighboring countries besides of many common points; so, these factors are integral parts of trade agreements and activities between the two countries. It is vital for Turkish and Iranian entrepreneurs to analyze the Financial Statements which prepared by Iranian Accounting System because of their Investments in two countries.In this research, Historical Developments are explained in the Iranian and Turkish Accounting System; so, we have shown the differences between Turkey and Iran Accounting and Auditing Systems, Balance Sheet Specıally. Accordingly, the Balance Sheet of one Turkish Company Groups Which Operating in Iran were analyzed and in particular, Balance Sheet is Transition to Turkish Accounting Standards.As a result of the study, the differences in the Accounting Standards of the two countries are examined and the effects of the changes are explained in the Items of Balance Sheet and the all of it.

İRAS, TAS, IFRS, TPL, FİNANCIAL STATEMENTS, BALANCE SHEET