COMPARISON OF DIFFERENT ACCOUNTING SYSTEMS: LAUR AND FADN

The present study was conducted to compare two different accounting systems (Laur Accounting System and Farm Accountancy Data Network (FADN) used to put forth activity outcomes of agricultural enterprises. These two systems were used to classify cost and income items of agricultural enterprises and...

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Main Authors: Duygu AKTÜRK, Ferhan SAVRAN, Elif YÖRÜSÜN, Elif DURAK
Format: Article
Language:English
Published: University of Agricultural Sciences and Veterinary Medicine, Bucharest 2016-01-01
Series:Scientific Papers Series : Management, Economic Engineering in Agriculture and Rural Development
Online Access:https://managementjournal.usamv.ro/pdf/vol.16_2/Art1.pdf
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author Duygu AKTÜRK
Ferhan SAVRAN
Elif YÖRÜSÜN
Elif DURAK
author_facet Duygu AKTÜRK
Ferhan SAVRAN
Elif YÖRÜSÜN
Elif DURAK
author_sort Duygu AKTÜRK
collection DOAJ
description The present study was conducted to compare two different accounting systems (Laur Accounting System and Farm Accountancy Data Network (FADN) used to put forth activity outcomes of agricultural enterprises. These two systems were used to classify cost and income items of agricultural enterprises and calculation methods were compared. The survey data gathered through questionnaires made with selected enterprises constituted the material of the present study. Current findings revealed that different accounting system used to put forth annual activity outcomes of agricultural enterprises classified enterprise income and cost items in different fashions. In Laur Accounting System, enterprise costs are classified as fixed and variable costs. On the other hand in FADN system, costs are classified as intermediate consumption, amortizations and external costs. In Laur acciounting system, enterprise success criteria are considered as gross profit, net product and agricultural income. On the other hand in FADN system, gross enterprise profit, enterprise net value-added and enterprise family income are considered as the success criteria.
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institution OA Journals
issn 2284-7995
2285-3952
language English
publishDate 2016-01-01
publisher University of Agricultural Sciences and Veterinary Medicine, Bucharest
record_format Article
series Scientific Papers Series : Management, Economic Engineering in Agriculture and Rural Development
spelling doaj-art-a6210f0b003545dca26557d2e34a49d92025-08-20T02:07:20ZengUniversity of Agricultural Sciences and Veterinary Medicine, BucharestScientific Papers Series : Management, Economic Engineering in Agriculture and Rural Development2284-79952285-39522016-01-011627103280COMPARISON OF DIFFERENT ACCOUNTING SYSTEMS: LAUR AND FADNDuygu AKTÜRKFerhan SAVRANElif YÖRÜSÜNElif DURAKThe present study was conducted to compare two different accounting systems (Laur Accounting System and Farm Accountancy Data Network (FADN) used to put forth activity outcomes of agricultural enterprises. These two systems were used to classify cost and income items of agricultural enterprises and calculation methods were compared. The survey data gathered through questionnaires made with selected enterprises constituted the material of the present study. Current findings revealed that different accounting system used to put forth annual activity outcomes of agricultural enterprises classified enterprise income and cost items in different fashions. In Laur Accounting System, enterprise costs are classified as fixed and variable costs. On the other hand in FADN system, costs are classified as intermediate consumption, amortizations and external costs. In Laur acciounting system, enterprise success criteria are considered as gross profit, net product and agricultural income. On the other hand in FADN system, gross enterprise profit, enterprise net value-added and enterprise family income are considered as the success criteria.https://managementjournal.usamv.ro/pdf/vol.16_2/Art1.pdf
spellingShingle Duygu AKTÜRK
Ferhan SAVRAN
Elif YÖRÜSÜN
Elif DURAK
COMPARISON OF DIFFERENT ACCOUNTING SYSTEMS: LAUR AND FADN
Scientific Papers Series : Management, Economic Engineering in Agriculture and Rural Development
title COMPARISON OF DIFFERENT ACCOUNTING SYSTEMS: LAUR AND FADN
title_full COMPARISON OF DIFFERENT ACCOUNTING SYSTEMS: LAUR AND FADN
title_fullStr COMPARISON OF DIFFERENT ACCOUNTING SYSTEMS: LAUR AND FADN
title_full_unstemmed COMPARISON OF DIFFERENT ACCOUNTING SYSTEMS: LAUR AND FADN
title_short COMPARISON OF DIFFERENT ACCOUNTING SYSTEMS: LAUR AND FADN
title_sort comparison of different accounting systems laur and fadn
url https://managementjournal.usamv.ro/pdf/vol.16_2/Art1.pdf
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AT ferhansavran comparisonofdifferentaccountingsystemslaurandfadn
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AT elifdurak comparisonofdifferentaccountingsystemslaurandfadn