With the disappearance of commercial borders, the majority of businesses opened up to international markets. The increase in international trade, the concept of comparability has become very important for businesses and their stakeholders. The accounting systems implemented by countries make it difficult for businesses to be compared internationally. This situation led the scientific world and businesses to develop a common international accounting language and International Accounting/Financial Reporting Standards (UMS/IFRS) were developed. These standards have started to be implemented in Turkey as Turkish Accounting/Financial Reporting Standards (TMS/TFRS). TAS/TFRS not only created a comparable accounting and financial reporting language, but also contributed to understandable and realistic financial reporting.

In this study, foreign trade transactions were discussed within the scope of TMS 21 Effects of Exchange Rate Changes Standard and the accounting of foreign trade transactions within the scope of the standard was tried to be explained with the help of examples.