Comparison Of Financial Statements Prepared Following IFRS Versus National Accounting Standards

This article discusses issues in the development of a common accounting language for businesses in order to better understand financial information. This research paper aims to explore whether there is any difference between the two reporting standards. The study was conducted from 2016 to 2023 for Issiqlik Elektr Stansiyalari JSC. In this research has been examined balance sheet and profit and loss statements in order to evaluate the discrepancy between the two reporting norms using the 1980 Gray Comparability Index (GCI), as well as to study the difference between financial ratios under IFRS and National Accounting Standards.