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On the Recognition, Measurement and Disclosure of Forest Biological Assets



Linfang Hou*
School of Economics and Management, Zhoukou Normal University, Zhoukou, 466001, Henan, China


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Creative Commons License
© 2015 Linfang Hou

open-access license: This is an open access article distributed under the terms of the Creative Commons Attribution 4.0 International Public License (CC-BY 4.0), a copy of which is available at: (https://creativecommons.org/licenses/by/4.0/legalcode). This license permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.

* Address correspondence to this author at the School of Economics and Management, Zhoukou Normal University, Zhoukou, 466001, Henan, China;


Abstract

By analyzing the recognition, measurement and disclosure of forest biological assets, this paper aims to further enhance the recognition, measurement and disclosure levels of forest biological assets and also regulate the recognition, measurement and disclosure processes of forest biological assets. This paper both refers to the relevant provisions of the “Accounting Standards for Enterprises No. 5–Biological Assets” and uses cost measurement methods such as replacement cost method. The recognition, measurement and disclosure analysis of forest biological assets can help grasp the specific value of forest biological assets from another perspective. This will not only be able to improve the credibility of forestry enterprises, but also guarantee the reliability of forest biological assets.

Keywords: Forest biological asseta , Recognition, Measurement, Disclosure.



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