@article{2018,title={LIVE ASSETS AND ACCOUNTING IN THE SCOPE OF LMSC FRS CURRENT ASSESTS},abstractNode={Financial Reporting Standard for Large and Medium Size Companies(LMSC FRS) Financial Reporting Standard for Large and Medium Size Companies (LMSC FRS), on 29.07.2018, the number of papers published in the Official Journal of the repetitive, entered into force since 01.01.2018. This standard is subject to independent audit by state Turkey Financial Reporting Standards(TFRS)'s application businesses, since the beginning of 2018 must apply LMSC FRS. Enter into the definition of a large business; Total Assets, Annual Net Sales Revenue and Number of Employees by two of two consecutive reporting period with businesses above a certain size, in the next period is to implement case in LMSC FRS. In this context, and situated before, Accounting Systems General Communique (ASGC) within the scope of accounting and financial reports regulate businesses, since the beginning of 2018 BOBI to implement frs'y and financial statements and accounting processes will organize according to this standard. Although Live Assets are not included in MSUGT, they are included in both the short-term and long-term assets as an independent account group within the Financial Statement Table (Balance Sheet) in the LMSC FRS. Although the accounts belonging to this account group were not determined in terms of LMSC FRS, in this study, accounting transactions were carried out through an account plan draft. In the LMSC FRS, Live Assets are discussed in Agricultural Activities in Chapter 7. In order for an activity to be considered agricultural activity, only biological transformation of living beings should be managed. In Chapter 7, Accounting Principles, have been issued for the recording and measurement of Live Assets of enterprises and Agricultural Products at the time of harvest. In accordance with these principles, Live Assets are measured using either the Fair Value Method or the Cost Method in accordance with the applicable accounting policy. Different methods may be used for different groups of live entities. In this study, accounting practices have been performed according to both methods for Live Assets within the scope of Current Assets.},author={Şakir DIZMAN},year={2018},journal={The Journal of Academic Social Science}}