Study On Measurement Of Fair Value Of Forest Biological Assets

In 2007,the 5th biological asset standard implemented in China clearly pointed out that biological assets should adopt the historical cost measurement model first,and the fair value measurement model was included in the optional range.The choice of accounting measurement model has always been the focus of academic attention,but most of the existing research focuses on the analysis of the differences between the two measurement models,relatively speaking,the quantitative analysis of this research is still insufficient.This paper,taking forest biological assets as the research object,to modern property rights theory,accounting objective theory and the theory of accounting measurement theory,from the nature of the analysis of forest biological assets and the value change rule of choosing sample enterprises,quantitative comparison under the historical cost and fair value measurement model value relevance,on this basis,combining with the particularity of forest biological assets,to sample forest farm as an example,study the value of forest biological assets and the relationship between the total cost,and discusses the fair value measurement model of forest biological assets valuation techniques and accounting subject setting accounting problems,such as,Further put forward the improvement of accounting standards and operating feedback mechanism,reduce the cost of fair value measurement,improve the market conditions of fair value application and other countermeasures and Suggestions.The conclusions of this paper are as follows:Firstly,forest biological asset is a special biological asset,which has its own unique law of value change.Fair value can more accurately measure the actual value of forest biological asset in the changing state.Based on the perspective of information quality,forestry enterprises are more willing to choose the fair value measurement model,but from the perspective of game theory,forestry enterprises have both the historical cost and the dual motivation of choosing fair value.Secondly,through six countries and regions in 2014-2016,86 data of forestry enterprises,using relative correlation study,build price model and profit model,comparing the historical cost and fair value measurement model the value relevance of accounting information,the results show that the forestry enterprises to choose fair value can provide more information of forest biological assets related to decision making.Thirdly,taking cedar,pine and broad-leaved trees of kaihua county forestry farm as examples,based on the theory of formation state,the relationship between the value of forest biological assets and the total cost is analyzed.Finally,based on the theory of forest resource assessment,this paper discusses the valuation technology of forest biological assets under the fair value measurement mode,and the results show that the replacement cost method is suitable for the young forest stage,and the present value method of harvest is suitable for the middle and near mature forest stage.