Retail activity accounting: An application of chain retail corporation

Retail activities are among the most dynamic instruments leading the economies of the countries all over the world. While contributing the individual formation of consumption of the society, Retailing also becomes one of the most important milestones in an economy, by the way of the added value that this contribution exposes. In the meantime, it provides customers the possibility to meet their needs, in the right time, at the right place, effectively. That social duty retailing shoulders is clearly understood, when the employment and ratio of workforce is handled.As a requirement of informatics era, increasing usage of technology leads a modification and conversion in retailing world. Because of the militating social side of Retailing, that conversion effects the lifestyles of societies directly and provides great developments for modernization.This development that Retailing is facing is a characterization of the conversion of classical retailing to modern retailing. Adaptation of skills of informatics era to management methods and effective usage of management accounting applications in business administration is also accelerating this conversion.Management accounting applications those providing comparative and analyzable data and revealing all kinds of knowledge requirements of administrative bodies in a corporation are well regarded nowadays compared to classical accounting concept that?s based merely on recording basis in which financial data is daily saved and transmitted to statement of accounts at the end of term . Comparing each sort of data that could assist managers to make decision and transferring this processed knowledge to related units is vital for corporation to reach its objectives. Nowadays, in our global village, many corporations are using drastic management accounting applications. And possibilities that informatics era brings to corporations are making these applications more efficient and rapid.In conclusion, retailing is fundamentally dependent on accounting applications to complete its constructive transformation to organized retailing. At this work, retailing theory was handled first and then accounting applications of retail corporations was introduced. Finally, the accounting methods of a customer-focused, retail chain corporation that completed its transformation to modern retailing were evaluated.