Proceedings: 1st International Conference on Food and Agricultural Economics: ACCOUNTING PRACTISE IN AGRICULTURAL ENTERPRISES IN TURKEY

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 our country 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, selfconsumption, 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 stays 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 familyowned companies, and the operators have a general viewpoint 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 has 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 are they recognitioned are explained. In this context; in the study the examples are related with the implementation are given over annual plants and prennial plants. The differences between the accounts that are used, mentioned over by these examples.