Free Practice Questions for SMMM Yeterlilik

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Key Facts: SMMM Yeterlilik Exam

160

Official test questions (8 papers)

TÜRMOB / TESMER

360 min

Total exam duration (45 min/paper)

TESMER

50 / 60

Subject minimum / average including tezkiye

Law No. 3568 Regulations

TRY 10,080

2026 Full sitting fee (8 subjects)

TÜRMOB Fee Schedule

Independent English-language MCQ study adaptation for the Serbest Muhasebeci Mali Müşavirlik Sınavı. The official Turkish test has eight subjects, each with 20 five-option questions and 45 minutes. Passing requires at least 50 per test subject and a 60 average that also includes tezkiye as a separate subject under the standard trainee route. This is not an official translation or format simulation.

Sample SMMM Yeterlilik Practice Questions

Try these sample questions to review concepts for the SMMM Yeterlilik exam. Each question includes a detailed explanation. Start the interactive quiz above for the full 100+ question experience with AI tutoring.

1Under Turkish Accounting Standard TMS 2 (Inventories / Stoklar), how must inventories be measured on the balance sheet date?

A.At the lower of cost and net realizable value (Maliyet ve net gerçekleşebilir değerin düşük olanı ile)

B.At historical cost without regard to market price declines

C.At fair value less costs of disposal in all circumstances

D.At replacement cost (yenileme maliyeti) under current price indices

Explanation: Under TMS 2 paragraph 9, inventories must be measured at the lower of cost and net realizable value (net gerçekleşebilir değer). Net realizable value is the estimated selling price in the ordinary course of business less estimated completion and selling costs.

2An enterprise holds 100,000 USD in its foreign currency bank account, recorded at 30.00 TL/USD. Assume the applicable year-end valuation rate is 35.00 TL/USD. Which exchange revaluation entry is correct under the Uniform Chart of Accounts?

A.Debit 102 Bankalar 500,000 TL; Credit 646 Kambiyo Kârları 500,000 TL

B.Debit 656 Kambiyo Zararları 500,000 TL; Credit 102 Bankalar 500,000 TL

C.Debit 102 Bankalar 500,000 TL; Credit 549 Özel Fonlar 500,000 TL

D.Debit 102 Bankalar 3,500,000 TL; Credit 600 Yurtiçi Satışlar 3,500,000 TL

Explanation: Carrying book value = 100,000 * 30.00 = 3,000,000 TL. Year-end revalued amount = 100,000 * 35.00 = 3,500,000 TL. Positive foreign exchange valuation gain = 500,000 TL, recorded by debiting 102 Bankalar and crediting 646 Kambiyo Kârları under VUK Article 280.

3Under Turkish Accounting Standard TMS 16 (Property, Plant and Equipment / Maddi Duran Varlıklar), which of the following costs CANNOT be capitalized into the carrying amount of an item of property, plant and equipment?

A.Costs of opening a new facility or introducing a new product or service (including advertising)

B.Purchase price, including import duties and non-refundable purchase taxes

C.Any costs directly attributable to bringing the asset to the location and condition necessary for its intended operation

D.Initial estimate of the costs of dismantling and removing the asset and restoring the site

Explanation: Under TMS 16 paragraph 19, costs of opening a new facility, costs of introducing a new product or service (advertising and promotional activities), costs of conducting business in a new location, and general administrative overheads are expensed as incurred and cannot be capitalized.

4Under TFRS 16 (Leases / Kiralamalar), how does a lessee recognize an operational property lease with a 5-year term and significant lease payments on initial recognition?

A.Recognize a right-of-use asset and a lease liability, with the liability initially based on the present value of unpaid lease payments

B.Expense the monthly rental payments directly to operating profit or loss on a straight-line basis without balance sheet recognition

C.Record the entire fair value of the leased building as an owned freehold asset under Account 252 Binalar

D.Credit paid-in capital and debit long-term deferred expenses

Explanation: At commencement, the lessee recognizes a right-of-use asset and a lease liability. Unpaid lease payments are discounted using the rate implicit in the lease if readily determinable, otherwise the lessee's incremental borrowing rate. The asset's cost also reflects relevant prepayments, incentives, initial direct costs and restoration obligations, so it need not equal the liability.

5A bond has a face value of 1,000 TL and a stated annual coupon rate of 12%, paid in two equal semiannual installments. What is each coupon payment before tax?

A.60 TL

B.120 TL

C.12 TL

D.240 TL

Explanation: The annual coupon is 1,000 × 12% = 120 TL. Dividing it between two equal payments gives 60 TL per semiannual payment. A bond's coupon rate is distinct from its market yield.

6Which item is normally non-monetary when classifying balances for inflation accounting? Assume ordinary fixed-money receivables and bank balances, and distinguish classification from any temporary tax-law suspension of adjustment.

A.Stoklar (Inventories / Account 153)

B.Kasa (Cash on Hand / Account 100)

C.Bankalar (Bank Accounts / Account 102)

D.Alıcılar (Trade Receivables / Account 120)

Explanation: Non-monetary items are assets and liabilities whose purchasing power changes with inflation and whose nominal values are not fixed in money terms, such as Inventories (Stoklar), Tangible Assets (Maddi Duran Varlıklar), and Equity Capital (Özkaynaklar).

7Under TFRS 15 (Revenue from Contracts with Customers / Müşteri Sözleşmelerinden Hasılat), what is the core 5-step model for revenue recognition?

A.Identify contract -> Identify performance obligations -> Determine transaction price -> Allocate price to obligations -> Recognize revenue as obligations are satisfied

B.Receive cash -> Issue invoice -> Ship goods -> Record gross profit -> Transfer VAT

C.Sign contract -> Credit 600 -> Debit 120 -> Pay commission -> File declaration

D.Estimate market price -> Apply discount -> Deliver goods -> Wait for warranty expiration -> Recognize revenue

Explanation: TFRS 15 establishes a comprehensive five-step model: 1. Identify contract with customer, 2. Identify performance obligations (edim yükümlülükleri), 3. Determine transaction price, 4. Allocate transaction price to performance obligations, 5. Recognize revenue when or as the entity satisfies a performance obligation.

8An enterprise holds 10,000 listed shares purchased for trading at 50 TL per share. At year-end the quoted price is 62 TL. Under TFRS 9 (Financial Instruments), how is the 120,000 TL fair value gain recognized?

A.In profit or loss (Kâr veya Zarar) as the gain on remeasurement of trading investments

B.Directly in equity as a revaluation surplus without affecting the income statement

C.Deferred on the balance sheet until the shares are actually sold

D.Credited directly to the statutory legal reserve under Account 540

Explanation: Trading equity investments are measured at fair value through profit or loss under TFRS 9. The gain is 10,000 × (62 − 50) = 120,000 TL. Recognition does not wait for a sale, and the non-trading equity FVOCI election is unavailable for these trading shares.

9Under Turkish accounting rules, which account in Group 69 is debited to record the corporate income tax provision for the current year (dönem kârı vergi ve diğer yasal yükümlülük karşılıkları)?

A.691 Dönem Kârı Vergi ve Diğer Yasal Yükümlülük Karşılıkları (-)

B.690 Dönem Kârı veya Zararı

C.692 Dönem Net Kârı veya Zararı

D.370 Dönem Kârı Vergi ve Diğer Yasal Yükümlülük Karşılıkları

Explanation: Account 691 is the income statement provision account debited to recognize the corporate tax charge against pre-tax profit (690), with the corresponding liability credited to Account 370 in the balance sheet. The net difference is transferred to 692 Dönem Net Kârı veya Zararı.

10Under TMS 38 (Intangible Assets / Maddi Olmayan Duran Varlıklar), which phase of an internal software project may be capitalized as an intangible asset once specific technological and commercial feasibility criteria are satisfied?

A.Geliştirme Aşaması (Development Phase)

B.Araştırma Aşaması (Research Phase)

C.Fikir ve Konsept Aşaması (Ideation Phase)

D.Piyasa Araştırması Aşaması (Market Research Phase)

Explanation: TMS 38 permits development expenditure to be capitalized only when all recognition criteria are demonstrated. These include feasibility, intention and ability to complete and use or sell, probable benefits, adequate technical and financial resources, and reliable measurement. Research expenditure is expensed as incurred.

About the SMMM Yeterlilik Exam

The SMMM Yeterlilik Sınavı is the final licensing examination administered by TÜRMOB/TESMER to qualify as a Serbest Muhasebeci Mali Müşavir (Certified Public Accountant) in Turkey under Law No. 3568. OpenExamPrep provides an independent English-language MCQ study adaptation.

Exam sponsor: TÜRMOB / TESMER. The requirements and fees below concern the certification or admission exam, separate from our free practice resources.

Assessment

Two sessions, each with four subject tests. Each subject has 20 five-option questions and 45 minutes; all eight total 160 questions and 360 minutes. Four wrong answers deduct one correct answer's score. The separate mandatory traineeship, education and evaluation requirements are not oral or practical components of these test sessions.

Time Limit

360 minutes total (45 min/paper)

Passing Score

At least 50/100 in each test subject; at least 60/100 average including the trainee evaluation grade average (tezkiye) as a separate subject under the standard trainee route

Exam / Certification Fees

TRY 1,260 per subject paper (TRY 10,080 for all 8 subjects)

Exam sponsor website

Fees, eligibility, and exam policies can change. Confirm them with the exam sponsor before applying or paying.

Official sources

Ankara University SMMM 2026/3 Application Guide · Source checked 2026-10-21Eight subjects with 20 five-option questions and 45 minutes each; wrong answers deduct one-quarter of a correct answer. The November sitting uses legislation through 9 September 2026.
Law No. 3568 on SMMM and YMM · Source checked 2026-10-21Turkish statutory code establishing licensing prerequisites, professional duties and certification examination rules.
YMM and SMMM Examination Regulation, amended February 2025 · Source checked 2026-10-21Articles 9, 14 and 16: admission, subject scope, subject minimums and inclusion of tezkiye in the SMMM average.
TESMER 2026 Fees · Source checked 2026-10-21TRY 1,260 per subject and TRY 10,080 for the first eight-subject application.
KGK 2026 Financial Reporting Standards · Source checked 2026-10-21Current TMS/TFRS references for inventory, leases, financial instruments, provisions and intangible assets; the page title is TFRS 2026 despite its legacy URL.
KGK 2026 Auditing Standards · Source checked 2026-10-21BDS evidence, sampling, reporting, materiality, documentation and going-concern requirements.
GİB 2026 Corporate Tax Return Guide · Source checked 2026-10-21Corporate tax rates, participation exemptions, thin capitalization, deductions and declarations.
Capital Markets Law No. 6362 · Source checked 2026-10-21Prospectuses, issuer reporting, investor rights and market conduct.

Our practice resources: topics covered

We aim to reflect publicly available exam outlines and topic information in our study resources. Coverage, format, and difficulty may differ from the actual exam, and we cannot guarantee that every detail is accurate or current. Confirm exam requirements, fees, and policies with the official exam sponsor.