EVALUATION OF INTERNATIONAL ACCOUNTING AND FINANCIAL REPORTING STANDARDS FOR IMPLEMENTATION OF ACCOUNTING FOR AGRICULTURAL CREDITS USING FARMER PARTNERS OF AGRICULTURAL CREDIT COOPERATIVES

Abstract

The basic and supplementary financial tables prepared according to the results obtained from accounting provide some financial information to the interest groups related to the business. In other words, it is essential that the information on these financial statements (balance sheet, income statement, etc.) is clear, clear and truthful information. The most important of the regulations in International and related Turkish Accounting Standards is “fair value accounting”. The purpose of the study is to examine the current accounting practices of short term business and medium term investment loans that the Agricultural Credit Cooperatives and Associations (Institutions) have granted to their farm partners and to establish certain accounting policies that are considered important in the transition period to TMS / TFRS. In the study, firstly, the uniform order account plan and the explanatory notes which were enacted in 1997-1998 period were examined. International accounting and financial reporting standards, which are expected to be put into practice in the following periods, and existing accounting practices carried out with historical costs have been examined and the arrangements included in the legislation of the Authority have been examined