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Comparative Analysis of Financial Performance of the Accommodation and Food Services Sector within the Framework of TFRS and BOBI FRS

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  • Hakkı KIYMIK

    (Isparta University of Applied Sciences)

Abstract

This study aims to comparatively analyze the financial performance of enterprises operating in the accommodation and food services sector for the period 2018-2022 based on the financial reporting standards they apply, namely Türkiye Financial Reporting Standards (TFRS) and the Financial Reporting Standard for Large and Medium-Sized Enterprises (BOBI FRS). For this purpose, the data obtained from the consolidated financial statements published by the Public Oversight, Accounting and Auditing Standards Authority (POA) and covering the period 2018-2022 were used. In the study, financial ratios (liquidity ratios, financial structure ratios, turnover ratios and profitability ratios) of the sector were analyzed. In addition, Zmijewski and Grover models were used to assess the risks of financial failure and success levels. According to the results of the analysis, enterprises applying TFRS generally have stronger liquidity structure, more stable profitability ratios and lower financial risk indicators. On the other hand, it is observed that enterprises applying BOBI FRS exhibit a more fragile financial structure, especially during crisis periods. The results of the Zmijewski and Grover models also support that IFRS adopters exhibit a more resilient financial performance despite periodic fluctuations.

Suggested Citation

  • Hakkı KIYMIK, 2025. "Comparative Analysis of Financial Performance of the Accommodation and Food Services Sector within the Framework of TFRS and BOBI FRS," Business and Economics Research Journal, Bursa Uludag University, Faculty of Economics and Administrative Sciences, vol. 16(3), pages 295-313, July.
    • Handle: RePEc:ris:buecrj:021433
    DOI: 10.20409/berj.2025.469
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    JEL classification:

    • M40 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - General
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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