Özet:

IAS 41 Agricultural Standard was published in 2000; and as of 01.01.2003, its use became obligatory for the business that arrange their financial statements according to IFRS. This standard arranges the accounting procedures related to the living assets and agricultural products in harvest season. This standard obligates the presentation of living assets and agricultural products in financial statements with their fair values. In addition, increases and decreases in the fair values of these assets have to be shown in statement of income as profit or loss. The present study examines how the accounting of living assets and agricultural products is recognized in accordance with IAS 41 Agricultural Standard. Then IAS 41 will be compared to Uniform Accounting System used in Turkey

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