While the highest scoring mean values are of the three major financial statements (income, balance sheet and
cash flow statements) and the notes to be disclosed to the financial statements portray the vast importance of
financial statements according to the viewpoint of Turkish accountancy in 2008 research, comprehensive income
statement, financial position statement, notes to be disclosed, inventories, property, plant, and equipment, and
finally cash flow statement have received the highest mean values by the 2013 research. This demonstrates that
there is a change in the level of importance in terms of the application of standards for SMEs.
While the highest scoring mean values are of the three major financial statements (income, balance sheet andcash flow statements) and the notes to be disclosed to the financial statements portray the vast importance offinancial statements according to the viewpoint of Turkish accountancy in 2008 research, comprehensive incomestatement, financial position statement, notes to be disclosed, inventories, property, plant, and equipment, andfinally cash flow statement have received the highest mean values by the 2013 research. This demonstrates thatthere is a change in the level of importance in terms of the application of standards for SMEs.
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