Agricultural activities have an essential role in meeting human needs and economic development. Olive cultivation, which is an essential agricultural activity for countries with Mediterranean climate, is a biological asset with significant production opportunities for Turkey. The problem of how agricultural activities will be accounted for by the enterprises performing this activity has been dealt with in TAS 41 Agricultural Activities published in 2006. With the regulation made in 2014, the accounting transactions of biological assets called bearer plants were excluded from the scope of this accounting standard, which has significant changes at the current point. Olive cultivation, which is both a bearer plant and a biological asset, has been essentially affected by this regulation. In this study, the steps of accounting for the olive growing process according to accounting standards were examined.