The accounting of biological assets within the scope of TMS-41 in uniform chart of accounts

Agricultural activities differ from the other goods and service production activities according to certain features. Generally speaking, agricultural activities are economic activities that resultant of the production of goods, however the obtained products implement a vital function such as feeding the community. Agriculture, is the field of production that the community is obliged to perform for all times even though the techniques and methods of construction have changed. It will also protect the quality of being indispensable in the future. Nowadays, agriculture is a sector that is produced in huge quantities for the market with modern tools and methods by large production organizations, especially in developed countries. It is seen that large enterprises and capital groups invested in agricultural activities in our country after 2000 years. Modern agricultural enterprises continue to emerge beside small family businesses. In addition to other problems faced by the agricultural sector, these businesses also have an accounting problem. It will be discussed extensively in the later part of the study that how the problem of agricultural accounting emerged and how to solve it. The accounting problem of agricultural enterprises has been tried to be solved by taking into account the existence of globalization phenomenon and accounting standards established by international institutions related accounting, have been started to be applied in these enterprises as well. In this study, the consequences by applying to agricultural production of a livestock farming will be evaluated by using the TMS-41 Agricultural Activities Standard, the existing Uniform Accounting Plan in our country. In this work, the account groups recommended to be added to the Uniform Chart of Accounts by academicians and the accounts in these groups have been moved beyond suggestion, these account groups have been added to the Zenom Program - the professional accounting program, diary entries of an enterprise producing meat lamb were made with the addition of the Uniform Chart of Accounts, journal and ledger were established. In our opinion, TMS-41 Standard is not an alternative of Uniform Accounting Plan. This circumstance is valid for other Turkey Accounting and Financial Reporting Standards as well. The done thing is to be added the accounts in accordance with the standards to the existing account plan and making the necessary changes in the tax laws. Keywords: Agriculture, Agricultural Accounting, Biological Assets, TMS 41, Sheep and Goat Farming