Agricultural practices of apple and apple nursery production according to Turkish IAS 41 accounting standard in an agricultural enterprise PDF
24 Pages·2019·0.6728 MB·other
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Preview Agricultural practices of apple and apple nursery production according to Turkish IAS 41 accounting standard in an agricultural enterprise
Description:
In this study, an agricultural enterprises that produce apple in Turkey commercially,
Agricultural practices Standard according to IAS 41 Agriculture has been the subject of
this study. Calculation of direct labor and direct costs of variable and fixed cost was
carried out on the basis of the production process in an agricultural enterprises. Market
values of agricultural products obtained after harvest were tableted on financial
statement tables with two different approaches, namely "fair value" and "income".
Bearer plants fair value was calculated using two methods; cost and present value
approaches.Among these methods, the "fair value method" which is achieved by
subtracting the estimated sales costs from the sales value of the agricultural products
obtained after harvest and the second is the "income method" that is determined by
lowering the estimated sales costs and production costs from the production value of the
harvested agricultural products. In this context, the agricultural activities in an
enterprise have benefited from both methods in transferring the resulting agricultural
products to the Profit or Loss Statement.The output obtained from the study of
accounting in the process of agribusiness in the sector of nurseries and cultivation of
fruit, which is expressed in these aspects, can contribute positively to the investment
decision.
Keywords: Farm Accounting. IAS 41. Agriculture. Bearer Plants
Agricultural practices Standard according to IAS 41 Agriculture has been the subject of
this study. Calculation of direct labor and direct costs of variable and fixed cost was
carried out on the basis of the production process in an agricultural enterprises. Market
values of agricultural products obtained after harvest were tableted on financial
statement tables with two different approaches, namely "fair value" and "income".
Bearer plants fair value was calculated using two methods; cost and present value
approaches.Among these methods, the "fair value method" which is achieved by
subtracting the estimated sales costs from the sales value of the agricultural products
obtained after harvest and the second is the "income method" that is determined by
lowering the estimated sales costs and production costs from the production value of the
harvested agricultural products. In this context, the agricultural activities in an
enterprise have benefited from both methods in transferring the resulting agricultural
products to the Profit or Loss Statement.The output obtained from the study of
accounting in the process of agribusiness in the sector of nurseries and cultivation of
fruit, which is expressed in these aspects, can contribute positively to the investment
decision.
Keywords: Farm Accounting. IAS 41. Agriculture. Bearer Plants
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