| Based on theories of value,property right,accounting objective and accounting measurements,this thesis focuses on issues on accounting measurement regarding to two major forest natural capitals,forest biological assets and forest ecological assets , in forestry enterprises by applying normative and positive analysis approaches.A systematic research on accounting measurement regulations-setting of forest natural capital value , techniques and models employed for fair value measurement,and its financial reporting is then conducted to provide a theoretical basis and practical guideline for fair value accounting of forest natural capital.The major concluded findings are as follows:Firstly,the techniques for the fair value measurement should be considered more with non-market value For forest biological assets , particularly forest ecological assets.And the value appraisal methods should take from those applied in current mature economics(including ecology)as reference.Secondly,initial measurement should be based on historical cost and further measurement should depend on variety in terms of forest biological assets.Moreover, for forest ecological assets,fair value model is suggested for initial and further measurement.Thirdly, the determination model of forest natural capital income is fair value accounting based. The choices of recognition and measurement methods should be made according to the integrated theoretical foundation of events approach, concept of comprehensive, nominal monetary physical capital maintenance concept, revenue-expense view and fair value basis.Finally,the accounting information disclosure have two categories on fair value accounting of forest natural capital : supplementary reporting and individual reporting. The individual reporting system is preferred at current stage and supplementary reporting system will be applicable when theories and methods of forest natural capital accounting, especially its monetary measurement, come to matured.
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