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Thresholds for Using Cost Accounting Options 7/A and 7/B in 2022
The financial thresholds determining whether businesses must apply the 7/A or 7/B cost accounting system in 2022 have been set based on their 2021 financial performance.
Accordingly, manufacturing and service companies whose 2021 total assets exceed TRY 6,283,900 or whose net sales exceed TRY 12,567,300 are required to maintain their cost accounts under the 7/A method in 2022.
Businesses with figures below these thresholds, as well as commercial enterprises, may choose either the 7/A or 7/B cost accounting method.
The regulation aims to standardize cost accounting practices according to company size and improve financial reporting consistency.
