Investigating of accounting transactions in cattle breeding businesses in the light of uniform accounting system and Turkey Accounting Standart no. 41: A case of 100-cow business

Particularly in the period from 2000s to the present day, agricultural businesses has began to evolve into the modern businesses rather than being family-owned companies. Modernization of the businesses has led to the current Uniform Accounting System to become inadequate. Therefore, on 31.12.2015, Turkey Accounting Standarts No. 41 Agricultural Activities Standart (TAS-41) was introduced in our country to cover the later period. But, the regulations of Turkish Commercial Law relating to bookkeeping obilation compatible with Turkey Accounting Standarts has been started since 2011. With Turkey Accounting Standarts the changes in accounting systems have occured and the deficiencies of uniform accounting system has been tried to resolve. One of these changes was realized in the area of agricultural activities standart. In this study, it is given the explanations and examples about the measurement, valuation and accounting of live animal which are subjest to agricultural activities in Uniform Accounting System and Turkey Accounting Standarts. The production of calf, feed and milk in cattle breeding businesses which are the main subject of the study is described, and it has been demonstreated the differences between two accounting system by giving the accounting records and financial statements of these transactions in a 100-cow business. After accounting records, the profit was higher in the accounting records which are compatible with Turkey Accounting System than in the accounting records compatible with Uniform Accounting System. Keywords: TAS-41, Agricultural Activities, Living Being, Cattle Breeding.