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This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License
Article
Accounting Practice in Agricultural Enterprises in Turkey
Author(s)
Esin Yelgen, Süleyman Uyar
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DOI:10.17265/1537-1506/2017.07.002
Affiliation(s)
Alanya Alaaddin Keykubat University, Alanya, Turkey
ABSTRACT
Agricultural
sector is vital for human beings, it provides stuff to the other sectors and it
contributes to employment considerably. A large proportion of the exportation
of Turkey is made from the agricultural products. Thereby it can be said that
the agricultural sector is one of the main sectors contributing to the economy
of the country considerably. But it’s known that the sector is affected by some
risks and uncertainities such as: sector’s being made-up of family-owned companies,
its being sensitive to the weather conditions, the long process of buying
products, the work’s being seasonal, self-consumption, the difficulty in
accounting the cost, unrecorded agricultural transactions. Within this context
to determine the sector’s contribution to the country’s economy clearly is
related to recording the agricultural transactions properly and choosing the
realistic methods and implementations. But despite the importance that
agricultural transactions carry, the rules of recognition of the related
transactions stay at an area that is not much worked on by the operators and
researchers till the accounting postulates published. One reason for this is
the sector, which is generally made-up of family-owned companies, and the
operators have a general view point that accounting is not the purpose of
management but taxation. In recent years with the international development of
economy and technology, it’s seen that big investors have entered the sector.
With the changed system of trade, agricultural sector became a strategic
sector. In this respect, in-depth data and information, acquired from
accounting system, became very important. In this study, the principles and the
rules that are applied in the agricultural transactions within the frame of
international accounting standards are explained. In which account group should
be the biological assets that are agricultured and agricultural products
according to their qualities, which accounts are used, and how they are recognitioned
are explained. In this context, in the study the examples which are related
with the implementation are given over annual plants and prennial plants. The
differences between the accounts that are used, are mentioned over by these
examples.
KEYWORDS
agricultural activities, accounting standards, TMS 41, valuation of biological assets, depreciation of biological assets, Turkey
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