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Exam Review

Key Facts: YMM Yeterlilik Exam

10

Official examination papers

TÜRMOB YMM Sınav Yönetmeliği

10 yrs

Standard licensing service period

Law No. 3568 Article 9

50 / 65

Min subject / Average pass score

TÜRMOB Regulations

TRY 15,400

2026 Full sitting fee (10 papers)

TÜRMOB Fee Schedule

Independent English-language MCQ study adaptation for the Yeminli Mali Müşavirlik Sınavı. Ten Turkish written papers require at least 50 in each subject and a 65 average. The 2026/2 timetable totals 23 hours, with two 3.5-hour and eight 2-hour papers. MCQs support knowledge and decision practice but cannot replace full written computations and case responses.

Sample YMM Yeterlilik Practice Questions

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

1Under TFRS 10 (Consolidated Financial Statements / Konsolide Finansal Tablolar), which three cumulative elements establish that an investor controls an investee?
A.Power over the investee, exposure or rights to variable returns from its involvement, and the ability to use its power to affect the amount of investor returns
B.Holding more than 50% of the voting shares in all circumstances without exception
C.Having at least two common members on the respective boards of directors
D.Providing more than 80% of the investee's commercial bank financing
Explanation: Under TFRS 10 paragraph 7, an investor controls an investee if and only if the investor has: 1. Power over the investee; 2. Exposure, or rights, to variable returns from its involvement with the investee; and 3. The ability to use its power over the investee to affect the amount of the investor's returns.
2Under TFRS 3 (Business Combinations / İşletme Birleşmeleri), how is Goodwill (Şerefiye) calculated on the acquisition date?
A.Consideration transferred + Non-controlling interest + Fair value of previous interest - Net identifiable assets acquired at fair value
B.Consideration transferred minus historical book value of acquired net equity
C.Estimated net discounted cash flows of the acquiree over the next five years
D.The excess of fair value of identifiable net assets over total consideration transferred
Explanation: Under TFRS 3 paragraph 32, Goodwill is measured as the excess of the aggregate of: (i) consideration transferred at fair value, (ii) non-controlling interest (NCI), and (iii) previous equity interest fair value, OVER the net acquisition-date fair value of the identifiable assets acquired and liabilities assumed.
3Under TMS 12, which difference normally creates a taxable temporary difference and a deferred tax liability, subject to the standard's recognition exceptions?
A.When the carrying amount of an asset exceeds its tax base (or carrying amount of a liability is less than its tax base), giving rise to a Deferred Tax Liability (Ertelenmiş Vergi Borcu)
B.When the carrying amount of an asset is less than its tax base, giving rise to a Deferred Tax Asset
C.When permanent non-deductible expenses (KKEG) are added back to commercial accounting income
D.When non-taxable statutory dividend exemptions are received from subsidiaries
Explanation: Under TMS 12, a taxable temporary difference results in taxable amounts in future periods when the asset is recovered (carrying amount > tax base) or liability settled (carrying amount < tax base), requiring the recognition of a Deferred Tax Liability (Ertelenmiş Vergi Borcu).
4A machine was purchased for 1,000,000 TL on 1 January 2024. For tax purposes (VUK), straight-line depreciation is applied over 5 years (20% per year). For financial reporting under TMS 16, useful life is determined as 10 years (10% per year). With an enacted corporate tax rate of 25%, what is the deferred tax position at the end of Year 1 (31 December 2024)?
A.Deferred Tax Liability (Ertelenmiş Vergi Borcu) of 25,000 TL
B.Deferred Tax Asset (Ertelenmiş Vergi Varlığı) of 25,000 TL
C.Deferred Tax Liability of 100,000 TL
D.Zero deferred tax because accounting and tax depreciation will equalize over time
Explanation: Accounting carrying amount = 1,000,000 - 100,000 = 900,000 TL. Tax base (VUK) = 1,000,000 - 200,000 = 800,000 TL. Carrying amount exceeds tax base by 100,000 TL (taxable temporary difference). Deferred Tax Liability = 100,000 * 25% = 25,000 TL.
5Under TMS 21 (The Effects of Changes in Foreign Exchange Rates / Kur Değişiminin Etkileri), what is an entity's functional currency (Geçerli Para Birimi)?
A.The currency of the primary economic environment in which the entity operates (temel ekonomik çevrenin para birimi)
B.The official legal tender of the country where the corporate headquarters is registered
C.Any currency management elects for presentation, regardless of the underlying economic environment
D.The currency of the largest bank balance on the reporting date, regardless of operating cash flows
Explanation: Under TMS 21 paragraph 8, the functional currency is the currency of the primary economic environment in which the entity operates (normally the currency that mainly influences sales prices for goods and services and operating labor/material costs).
6Under TMS 29 (Financial Reporting in Hyperinflationary Economies / Yüksek Enflasyonlu Ekonomilerde Finansal Raporlama), how are monetary items treated when restating the balance sheet?
A.Monetary items are not restated because they are already expressed in terms of the monetary unit current at the balance sheet date; their purchasing power gain/loss is recognized in profit or loss
B.Monetary items are multiplied by the general price index ratio from the date of initial contract signing
C.Monetary assets are indexed but monetary liabilities are completely frozen
D.All monetary items are restated from their original transaction dates, even though their balances already represent current currency units
Explanation: Under TMS 29 paragraph 12, monetary items (cash, receivables, payables) are not restated because they are already expressed in purchasing power at the balance sheet date. Holding monetary assets or liabilities gives rise to a gain or loss on net monetary position (net parasal pozisyon kârı/zararı) recognized in profit or loss.
7Under TMS 36 (Impairment of Assets / Varlıklarda Değer Düşüklüğü), how is an asset's 'Recoverable Amount' (Geri Kazanılabilir Tutar) determined?
A.The higher of an asset's Fair Value less Costs of Disposal and its Value in Use (Kullanım Değeri ile Satış Maliyeti Düşülmüş Gerçeğe Uygun Değerin Yüksek Olanı)
B.The lower of net book value and market liquidation price
C.The historical acquisition cost multiplied by the consumer price index
D.The insurance replacement value declared to underwriting agencies
Explanation: Under TMS 36 paragraph 18, Recoverable Amount is defined as the higher of an asset's or cash-generating unit's (CGU) fair value less costs of disposal and its value in use (kullanım değeri / discounted expected future cash flows).
8An investor has significant influence over an associate but neither control nor joint control. In financial statements to which the TMS 28 equity-method requirements apply, with no exemption elected or available, which method is required?
A.Özkaynak Yöntemi (Equity Method)
B.Tam Konsolidasyon Yöntemi (Full Consolidation Method)
C.Maliyet Yöntemi (Cost Method)
D.Oransal Konsolidasyon Yöntemi (Proportional Consolidation)
Explanation: TMS 28 normally requires the equity method for an associate. The investor initially recognizes the investment at cost and subsequently adjusts it for its share of the associate's results and other relevant changes. Significant influence is assessed from the facts rather than an automatic 20–50% band.
9Under TFRS 9, a debt investment is held to collect contractual cash flows that pass the solely-payments-of-principal-and-interest test. Assuming no fair-value designation to eliminate an accounting mismatch, how is it measured?
A.İtfa Edilmiş Maliyeti ile Ölçülenler (Amortised Cost)
B.Gerçeğe Uygun Değer Farkı Kâr veya Zarara Yansıtılanlar (FVTPL)
C.Gerçeğe Uygun Değer Farkı Diğer Kapsamlı Gelire Yansıtılanlar (FVOCI)
D.Tarihi Maliyet Değeriyle Ölçülenler (Historical Cost unadjusted for amortization)
Explanation: Under TFRS 9 paragraph 4.1.2, a financial asset is measured at Amortised Cost (İtfa Edilmiş Maliyet) using the effective interest method if it meets two tests: 1. held within a business model whose objective is collecting contractual cash flows, and 2. contractual terms give rise on specified dates to cash flows that are solely payments of principal and interest (SPPI).
10What is the difference between a bonus share issue funded by capitalizing existing reserves (bedelsiz sermaye artırımı) and payment of a cash dividend? Ignore taxes and transaction costs.
A.A stock dividend transfers funds internally from reserves to nominal capital without changing total equity or total assets, whereas a cash dividend reduces both cash assets and total equity
B.A stock dividend increases total assets and creates a current tax deduction
C.A cash dividend increases net working capital and paid-in capital
D.A stock dividend triggers mandatory liquidation under commercial law
Explanation: A bonus share issue (bedelsiz sermaye artırımı) merely capitalizes internal reserves (such as profit reserves or inflation adjustment differences) into Account 500 Sermaye: total assets and total equity remain unchanged. Conversely, paying a cash dividend reduces Account 102 Bankalar (assets) and reduces retained earnings (equity).

About the YMM Yeterlilik Exam

The Yeminli Mali Müşavirlik Sınavı is TÜRMOB's senior professional examination under Law No. 3568. YMMs perform tax certification within their statutory scope; this is distinct from authorization to conduct an independent financial-statement audit. OpenExamPrep provides an independent English-language MCQ study adaptation, not an official translation or a substitute for the written examination.

Exam sponsor: Türkiye Serbest Muhasebeci Mali Müşavirler ve Yeminli Mali Müşavirler Odaları Birliği (TÜRMOB). The requirements and fees below concern the certification or admission exam, separate from our free practice resources.

Assessment

Ten distinct written papers: Advanced Financial Accounting, Financial Management, Management Accounting, Auditing & Reporting & Professional Law, Revision, Tax Technique, Taxes on Income, Taxes on Expenditure & Wealth, Foreign Trade & Foreign Exchange Regulations, and Capital Markets Legislation.

Time Limit

2026/2: two papers at 3.5 hours and eight at 2 hours; 23 hours total across the timetable

Passing Score

At least 50 out of 100 on each of the 10 subjects, and an overall arithmetic average of at least 65 out of 100

Exam / Certification Fees

TRY 1,540 per subject paper (TRY 15,400 for all 10 subjects)

Exam sponsor website

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

Official sources

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.

1 of 10 subject papers

Advanced Financial Accounting (İleri Düzeyde Finansal Muhasebe)

Consolidation, business combinations, deferred tax, impairment and financial reporting.

1 of 10 subject papers

Financial Management (Finansal Yönetim)

Investment appraisal, financing, working capital and financial risk.

1 of 10 subject papers

Management Accounting (Yönetim Muhasebesi)

Relevant costs, budgets, performance measures and constrained-resource decisions.

1 of 10 subject papers

Auditing, Reporting and Professional Law

Denetim, Raporlama ve Meslek Hukuku: certification scope, independence, professional responsibility and BDS reporting.

1 of 10 subject papers

Revision (Revizyon)

Tax certification, cross-check evidence, VAT refunds and commercial-profit adjustments.

1 of 10 subject papers

Tax Technique (Vergi Tekniği)

Assessment, service, collection, correction, settlement and tax litigation.

1 of 10 subject papers

Taxes on Income (Gelir Üzerinden Alınan Vergiler)

Corporate and personal income taxation, exemptions and anti-avoidance rules.

1 of 10 subject papers

Taxes on Expenditure and Wealth

Harcama ve Servet Üzerinden Alınan Vergiler: VAT, ÖTV, stamp, inheritance, property and vehicle taxes.

1 of 10 subject papers

Foreign Trade and Foreign Exchange Regulations

Dış Ticaret ve Kambiyo Mevzuatı: customs regimes and valuation, trade terms, export proceeds and currency risk.

1 of 10 subject papers

Capital Markets Legislation (Sermaye Piyasası Mevzuatı)

Issuer reporting, investor protection, governance, securities valuation and market conduct.

Preparing for the YMM Yeterlilik Exam

What You Need to Know

  • Passing score: At least 50 out of 100 on each of the 10 subjects, and an overall arithmetic average of at least 65 out of 100
  • Assessment: Ten distinct written papers: Advanced Financial Accounting, Financial Management, Management Accounting, Auditing & Reporting & Professional Law, Revision, Tax Technique, Taxes on Income, Taxes on Expenditure & Wealth, Foreign Trade & Foreign Exchange Regulations, and Capital Markets Legislation.
  • Time limit: 2026/2: two papers at 3.5 hours and eight at 2 hours; 23 hours total across the timetable
  • Exam / certification fees: TRY 1,540 per subject paper (TRY 15,400 for all 10 subjects) Official sources

Using Our Practice Resources

  • Work through all 100 available questions
  • Review every answer and explanation
  • Track weak areas and revisit them
  • Use our AI tutor for tough concepts

YMM Yeterlilik: Suggested Study Strategy

1Master the mechanics of corporate tax deductions, non-deductible expenses (KKEG), and participation exemptions under KVK Article 5.
2Study VAT refund (KDV İadesi) verification procedures and YMM certification report standards thoroughly.
3Review transfer pricing documentation rules, thin capitalization calculations, and controlled foreign corporation (CFC) provisions.
4Work through complex case scenarios involving Law No. 6183 on the Collection of Public Receivables and VUK tax litigation.

Frequently Asked Questions

What is the YMM Yeterlilik Sınavı?

It is TÜRMOB's senior professional examination for Yeminli Mali Müşavirler (Sworn Financial Advisors). Under Law No. 3568, YMMs perform tax certification, including Tam Tasdik within the applicable rules. This professional certification is distinct from a tax inspection by the authorities and from authorization for independent financial-statement auditing.

Who is eligible to sit the YMM examination?

The standard route requires ten years as an SMMM, including service credited under Article 9. Authorized tax inspectors who have passed their professional qualification examination may enter YMM examinations from that date; they still need the required service period to obtain the YMM licence. Applicants must check the general conditions and the exact route that applies to them.

What are the passing criteria for the YMM exam?

Candidates must achieve at least 50 out of 100 on each of the 10 subject papers and achieve an overall arithmetic average of at least 65 out of 100 across all 10 subjects.