A Qualitative Research Examining the Impact of the Earthquakes on Financial Reports within the Scope of IAS 10

Ahmet Onay; Recep Güneş

Article Details

A Qualitative Research Examining the Impact of the Earthquakes on Financial Reports within the Scope of IAS 10

Authors:

Ahmet Onay | Recep Güneş

Publisher:

Burdur Mehmet Akif Ersoy University

Main Topics:

Financial Accounting | Institutional Governance | Accounting Theory and Standards

Journal:

Journal of Mehmet Akif Ersoy University Economics and Administrative Sciences Faculty Vol.12 Issue 2, pp.435-454

Document Type:

Article

Publication Date:

6/2025

Document Language:

English

Document ID (Org No.):

2001352725

pISSN:

2149-1658

Keywords:

Abstract:

 Deeply affecting the Turkish economy, the earthquakes that struck Kahramanmaraş on February 6, 2023, had an adverse effect on the operations of numerous companies. As of the occurrence date, these earthquakes have been reported in the financial statements of many publicly traded companies as events after the reporting period. The purpose of this study is to determine how events after the balance sheet date are reported in the financial statements of companies in Türkiye in the post-earthquake period. In line with this objective, two sample groups were created from companies whose stock trading was suspended after the earthquake and those in the BIST-100 Index that continued trading. The financial statements of these sample groups, specifically regarding events after the reporting period, were separately examined. Qualitative methods were employed in the analysis, and word frequencies and word clouds were obtained using Maxqda Analytics Pro 24. The analyses confirmed that publicly traded companies report events after the reporting period in accordance with International Financial Reporting Standards. Additionally, the study qualitatively revealed the economic impacts of the earthquake disaster in Türkiye, resulting in both material and non-material losses. This study has the potential to contribute to the limited domestic literature by addressing events after the reporting period through conceptual or theoretical examinations. Additionally, it stands to contribute to the broader international literature on the subject.

 Deeply affecting the Turkish economy, the earthquakes that struck Kahramanmaraş on February 6, 2023, had an adverse effect on the operations of numerous companies. As of the occurrence date, these earthquakes have been reported in the financial statements of many publicly traded companies as events after the reporting period. The purpose of this study is to determine how events after the balance sheet date are reported in the financial statements of companies in Türkiye in the post-earthquake period. In line with this objective, two sample groups were created from companies whose stock trading was suspended after the earthquake and those in the BIST-100 Index that continued trading. The financial statements of these sample groups, specifically regarding events after the reporting period, were separately examined. Qualitative methods were employed in the analysis, and word frequencies and word clouds were obtained using Maxqda Analytics Pro 24. The analyses confirmed that publicly traded companies report events after the reporting period in accordance with International Financial Reporting Standards. Additionally, the study qualitatively revealed the economic impacts of the earthquake disaster in Türkiye, resulting in both material and non-material losses. This study has the potential to contribute to the limited domestic literature by addressing events after the reporting period through conceptual or theoretical examinations. Additionally, it stands to contribute to the broader international literature on the subject.

 Deeply affecting the Turkish economy, the earthquakes that struck Kahramanmaraş on February 6, 2023, had an adverse effect on the operations of numerous companies. As of the occurrence date, these earthquakes have been reported in the financial statements of many publicly traded companies as events after the reporting period. The purpose of this study is to determine how events after the balance sheet date are reported in the financial statements of companies in Türkiye in the post-earthquake period. In line with this objective, two sample groups were created from companies whose stock trading was suspended after the earthquake and those in the BIST-100 Index that continued trading. The financial statements of these sample groups, specifically regarding events after the reporting period, were separately examined. Qualitative methods were employed in the analysis, and word frequencies and word clouds were obtained using Maxqda Analytics Pro 24. The analyses confirmed that publicly traded companies report events after the reporting period in accordance with International Financial Reporting Standards. Additionally, the study qualitatively revealed the economic impacts of the earthquake disaster in Türkiye, resulting in both material and non-material losses. This study has the potential to contribute to the limited domestic literature by addressing events after the reporting period through conceptual or theoretical examinations. Additionally, it stands to contribute to the broader international literature on the subject.

 Deeply affecting the Turkish economy, the earthquakes that struck Kahramanmaraş on February 6, 2023, had an adverse effect on the operations of numerous companies. As of the occurrence date, these earthquakes have been reported in the financial statements of many publicly traded companies as events after the reporting period. The purpose of this study is to determine how events after the balance sheet date are reported in the financial statements of companies in Türkiye in the post-earthquake period. In line with this objective, two sample groups were created from companies whose stock trading was suspended after the earthquake and those in the BIST-100 Index that continued trading. The financial statements of these sample groups, specifically regarding events after the reporting period, were separately examined. Qualitative methods were employed in the analysis, and word frequencies and word clouds were obtained using Maxqda Analytics Pro 24. The analyses confirmed that publicly traded companies report events after the reporting period in accordance with International Financial Reporting Standards. Additionally, the study qualitatively revealed the economic impacts of the earthquake disaster in Türkiye, resulting in both material and non-material losses. This study has the potential to contribute to the limited domestic literature by addressing events after the reporting period through conceptual or theoretical examinations. Additionally, it stands to contribute to the broader international literature on the subject.

Article Details

A Qualitative Research Examining the Impact of the Earthquakes on Financial Reports within the Scope of IAS 10

Authors:

Ahmet Onay | Recep Güneş

Publisher:

Burdur Mehmet Akif Ersoy University

Main Topics:

Financial Accounting | Institutional Governance | Accounting Theory and Standards

Journal:

Journal of Mehmet Akif Ersoy University Economics and Administrative Sciences Faculty Vol.12 Issue 2, pp.435-454

Document Type:

Article

Publication Date:

6/2025

Document Language:

English

Document ID (Org No.):

2001352725

pISSN:

2149-1658

Events After the Reporting Period

Accounting Standards

Financial Reporting

Qualitative Research

Issues

Article Details

A Qualitative Research Examining the Impact of the Earthquakes on Financial Reports within the Scope of IAS 10

Authors: Ahmet Onay | Recep Güneş

Publisher: Burdur Mehmet Akif Ersoy University

Main Topics: Financial Accounting | Institutional Governance | Accounting Theory and Standards

Journal: Journal of Mehmet Akif Ersoy University Economics and Administrative Sciences Faculty Vol.12 Issue 2, pp.435-454

Document Type: Article

Publication Date: 6/2025

Document Language: English

Document ID (Org No.): 2001352725

pISSN: 2149-1658

Events After the Reporting Period

Accounting Standards

Financial Reporting

Qualitative Research

Issues

Authors:

Ahmet Onay | Recep Güneş

Publisher:

Burdur Mehmet Akif Ersoy University

Main Topics:

Financial Accounting | Institutional Governance | Accounting Theory and Standards

Journal:

Journal of Mehmet Akif Ersoy University Economics and Administrative Sciences Faculty Vol.12 Issue 2, pp.435-454

Document Type:

Article

Publication Date:

6/2025

Document Language:

English

Document ID (Org No.):

2001352725

pISSN:

2149-1658