Revisiting Uşak Terakki-i Ziraat Turkish Joint Stock Company (1925–1931): A Case Study of Turkey’s Early Financial Reporting Culture

IF 16.4 1区化学 Q1 CHEMISTRY, MULTIDISCIPLINARY

Accounts of Chemical Research Pub Date : 2023-10-01 DOI:10.2308/aahj-2023-009

Batuhan Güvemli, Muhsin Aslan

引用次数: 0

Abstract

ABSTRACT This research offers an in-depth examination of the early financial reporting culture in Republican Turkey, using the Uşak Terakki-i Ziraat Turkish Joint Stock Company (Uşak Sugar Company) as a case study. The analysis of the company's financial statements from 1925 and 1931 reveals the development of financial reporting practices during a transformative period, marked by industrialization efforts and the introduction of the 1926 Turkish Commercial Code and Income Tax Law. The study identifies both progress and challenges in financial reporting, including detailed fixed assets classifications, accounting irregularities, inadequate auditing and working capital management practices. The findings indicate that these issues, alongside macroeconomic factors, have contributed to the company’s liquidation in 1932. This failure could have indirectly catalyzed a shift toward statist economic policies in the 1930s. JEL Classifications: M41; O14.

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重新审视u ak terakki - Ziraat土耳其股份公司(1925-1931):土耳其早期财务报告文化的个案研究

摘要本研究以u ak terakki - Ziraat土耳其股份公司(u ak Sugar Company)为案例，对共和土耳其早期的财务报告文化进行了深入研究。对1925年至1931年公司财务报表的分析揭示了财务报告实践在转型时期的发展，以工业化努力和1926年土耳其商法典和所得税法的引入为标志。该研究确定了财务报告方面的进展和挑战，包括详细的固定资产分类、会计违规、审计不足和营运资金管理做法。研究结果表明，这些问题与宏观经济因素一起，导致了公司在1932年的清算。这一失败可能间接催化了20世纪30年代向中央集权经济政策的转变。JEL分类:M41;O14。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Accounts of Chemical Research 化学-化学综合

CiteScore

31.40

自引率

1.10%

发文量

312

审稿时长

2 months

期刊介绍： Accounts of Chemical Research presents short, concise and critical articles offering easy-to-read overviews of basic research and applications in all areas of chemistry and biochemistry. These short reviews focus on research from the author’s own laboratory and are designed to teach the reader about a research project. In addition, Accounts of Chemical Research publishes commentaries that give an informed opinion on a current research problem. Special Issues online are devoted to a single topic of unusual activity and significance. Accounts of Chemical Research replaces the traditional article abstract with an article "Conspectus." These entries synopsize the research affording the reader a closer look at the content and significance of an article. Through this provision of a more detailed description of the article contents, the Conspectus enhances the article's discoverability by search engines and the exposure for the research.