Halka Açık ve Halka Açık Olmayan İşletmeler Yönüyle Tekdüzen Muhasebe Sistemi ve Altman Z Skor Modellerinin Uygulanabilirliği

English (OpenAlex)

The background of the uniform accounting system (UAS) in Turkey is over forty-years. This system, which has been formed under the influence of tax regulations in accordance with Continental Europe customs, is still considered as a basis for statutory financial statements and filings in all companies except for financial institutes such as banks, insurers, etc. whether they are public or private. Even though the idea of that the mission of UAS is only determining the tax base of firms’ has been becoming strong recently, it should not be missed out that there was not any other powerful alternative in terms of the quality of financial information and it is the just one compulsory paradigm useful for financial decision makers. Currently, however existed compulsory secondary reporting regime, which based on international financial reporting standards, for public companies has provide a more convenient reporting basis for financial information requirements for decision makers, UAS has been perpetuating its’ role of the being only key driver for private companies. This condition not only makes UAS essential for comparing public companies with private ones, but also gives an opportunity to examine the models for private companies like Altman Z Scores. The aim of this empirical study is evaluating applicability of Altman Z’ and Z” score models for both Turkish public and private companies of which reports their financial statements based on UAS