Consumptive Forest Assets’ Accounting Measurement Research

With the development of China’s market economy and the international convergence ofaccounting standards, the selection of biological assets accounting measurement model in our countryhas become a hot issue for accounting theory and practice workers, of which accounting measurementissues of forest biological assets is one difficulty. This thesis selected the consumptive forest assets asan object of study, based on the forestry production operating characteristics also the consumptivebiological assets’ particularity, applying the theory of value, cost behavior theory and the theory ofaccounting measurement, through normative analysis and empirical analysis, to analyze therelationships among the volume growth and cost behavior characteristics and accountingmeasurement in its production cycle. Then based on our current accounting environment to proposethe accounting measurement model of consumptive forest assets, which can improve the quality ofaccounting information. The main conclusions and perspectives of the study are as follows:(1) Historical cost measurement model that reflect the accounting information that have thequality of and higher reliability also lower correlation, which can not fully disclose the magnitude ofvalue in the consumptive forest assets’ production cycle, which leading enterprise stakeholders cannot assess its operating results comprehensive.(2) Through the analysis of consumptive forest assets’ volume growth amount (magnitude of value)also its cost behavior, find the balance point between its volume growth amount (magnitude of value)and its cost which in fifth or seventh year, Since then, with the growth of the consumptive forestassets, its volume growth amount (magnitude of value) become higher than its historical cost.Measured in terms of historical cost before the balance point can better reflect the value ofconsumptive forest assets, but continue to be used to reflect the value of consumptive forest assetsafter the balance point, will generate a huge deviation.(3) In order to improve the quality of accounting information of consumptive biological assets, measured in terms of historical cost before the balance point, measured at fair value after balancepoint, so-called the growth stage accounting measurement will be the ideal accounting measurementmodel of consumptive forest assets theoretically.(4) In accordance with China’s accounting environment, forestry resources management andassessment technology situation, measured in terms of historical cost from afforestation to the end ofthe young forest (about10years), after then change to the fair value for subsequent measurement,which called growth stage accounting measurement mode is the realistic choice. When using the fairvalue for the subsequent measurement, the assessed value of forest assets as alternative valuation ofthe fair value is a possible way.(5) Whether it is measured in terms of historical cost or fair value, physical quantity measurementshould be supplemented in the disclosure of accounting information to improve the quality ofaccounting information of consumptive forest assets.