Dissertation > Excellent graduate degree dissertation topics show

Research on Forestland and Forest Biological Assets Accounting in China

Author: ShiDaoJin
Tutor: LiuJunChang
School: Beijing Forestry University
Course: Forestry Economics and Management
Keywords: forestland assets forestry biological assets accounting recognition accounting measurement disclosure of accounting information
CLC: F302.6
Type: PhD thesis
Year: 2008
Downloads: 654
Quote: 7
Read: Download Dissertation


Based on Asymmetric Information theory, Agency theory and other related accounting theories, systematical study on recognition, measurement and reporting of two major assets in forestry enterprises, forest land and forestry biological assets, are conducted using normative analysis and survey. Suggestions are also provided for the forestry enterprises, especially forestry listed companies, to direct their practicing in the field of accounting issues on forestry resource assets. The conclusion reached is as follows:Firstly, newly released Corporate Accounting Principle only focuses on accounting issues on forest biological assets and addresses few about forestland and biological characteristics of forestry assets. It fails to make full-disclosure of financial performance and future feasibility of forestry enterprises. In order to optimize and standardize current accounting system, regulations on forestland and forestry biological assets accounting need to be made and taken as the third level of national accounting standards mechanism.Secondly, in accordance with the idea of“Decision Usefulness”, the evaluation of forest assets should exclude that of forestland assets, which is currently prevailing in forestry accounting. Meanwhile, forestland and forestry biological assets should be separately book-kept,presented and disclosed, thus fill up the deficiency of lack of accounting information on forestland assets, and false disclosure on forestry biological assets, which could mislead stakeholders to understand enterprises’financial position, financial performance and future cash flows.Thirdly, recognition of forestland assets should follow Effective Control approach, namely Financial Component approach, that is recognition of the assets is based on transfer of asset control. Even though forestland are legally owned by the states in China, accounting defines it as asset and should categorize it into fixed asset and intangible asset, posting parallel journal entries to the general and subsidiary ledgers;To correct inaccurate traditional cost measuring model, measurement of forestland assets should be in forms of cost measuring model plus physical measurement; information disclosure should involve publication of historical cost plus forest area in balance sheet, other related financial statements and notes; Moreover, regulations on forest assets recognition, measurement, presentation and disclosure need to be supplemented to Corporate Accounting Principles. Finally, according to recognition principle, forestry biological assets refer to forest, living animals and plants, and classifies into three groups: consumptive biological assets, productive biological assets, and public welfare biological assets. Based on this classification, cost calculation sheet should be designed in terms of forest types and production units. Standards for production cost capitalization need to be revised; measurement of forestland assets should be in forms of cost measuring model plus physical measurement; information disclosure should involve publication of historical cost plus volume in balance sheet, other related financial statements and notes. Reliability and relevance of the accounting information are then improved to lower the level of asymmetric information and reduce agency cost.

Related Dissertations

  1. Research on Establishing the Disclosure Theory of Accounting Information,F233
  2. The Research on Application of Fair Value in China,F233
  3. China's commercial banks bad credit asset securitization accounting problems,F832.51
  4. Confirmation of circular economy and disclosure of accounting,F235
  5. Study on Derivative Financial Instrument’s Accounting Measurement,F233
  6. Study on Fair Value Measurement Models of Financial Devrivatives Instruments,F233
  7. Research on Asset Securitization Accounting Problems,F830.42
  8. Discussion on the accounting treatment of stock options,F275
  9. Stock option accounting standards,F275
  10. The Research on Accounting of Executive Stock Option,F233
  11. A Study on Accounting Problems of Emission Rights Trading,X196
  12. Research on Executive Stock Option Accounting,F275
  13. The Study on the Problem of Stock Option Accounting of Listed Companies,F832.51
  14. Accounting treatment of equity incentive,F275
  15. Research on Asset Securitization Accounting Problems for Enterprises,F832.51
  16. Processing of our corporate equity compensation expense,F275
  17. The Research of Cash Flow Basis under the Fair Value Accounting Age,F233
  18. The Research on the Distortion of Accounting Information and Management of Civil Non-profit Organizations in China,F235
  19. The Study of Accounting Theory in the Network Economy Era,F230
  20. The Research on Non-performing Asset Securitization Accounting of China’s Commercial Banks,F830.42
  21. Research on Accounting for Assets Securitization in China,F233

CLC: > Economic > Agricultural economy > Agricultural economic theory > Agricultural planning and management > Agricultural financial management, economic accounting
© 2012 www.DissertationTopic.Net  Mobile