The Case Analysis Of Accounting On Economic Forest Biological Asset

Nowadays,productive forest asset is increasingly becoming the important production and operation element in forestry enterprises.The accounting of which is also a vital section of business accounting.And there is quite a large part of economic forest biological asset in the productive forest asset.But now the correlative accounting of economic forest asset is not yet comprehensive and accurate in our country,and the practical work is not perfect.Therefore,it is very necessary to make an in-depth discussion about the accounting of economic forest biological assets.It is hoped that this study will be able to standardize the value and management of the economic forest biological assets of case enterprises more scientifically,and it can contribute to the enrichment,refinement,and more guiding role and operability of the accounting theory of productive forest assets in the current corporate accounting standards in China,to provide information users with useful accounting information.At the same time,it also hopes to have some reference for other related forestry enterprises with productive forest assets.This paper is based on the current research status of economic forest biological assets,based on the case study of walnuts,apples and pear trees in Shanxi and Shandong provinces.This study is based on case studies.Walnuts from GF companies are used to represent the dried fruit economic forest asset,and the ZH company's apple is selected to represent the fresh fruit economic forest assets.The first is to introduce the basic situation of the management,production and operation,and financial status of the case company and the current status of the company's economic forest management;The second is to analyze the current status of production cost accounting and initial measurement of walnuts,apples and pears in case enterprises,and to discuss the issue of capitalization of biological assets in economic forests,and to compare them with the requirements of accounting standards for enterprises to try to find out the accounting and management problem of biological assets in case enterprises.The third is to analyze and evaluate the depreciation issues in the subsequent measurement of walnuts and apples in different case enterprises,and to explore the depreciation method suitable for case enterprises walnut and apple economic forest tree assets.Fourthly,combining with the situation of case enterprises,the necessity and possibility of adjusting the biological assets impairment of economic forests are explored;and the possibility of adjusting the value of assets of case enterprises walnuts and apple economic forests using fair value measurement attributes is explored;Fifth,analyze and evaluate cases of corporate economic forest and forestry assets accounting information disclosure;Sixth,it proposes improvement suggestions on how the case companies regulate the accounting and management of productive biological assets.The main conclusions of this case study are:The enterprise's cost accounting and management of biological assets of economic forest is not complete,and there is a certain gap with the accounting standards.However,the cost of biological forest economic forest derived from actual measurements is still quite realistic.Given that the time when the productive biological assets meet the expected production and management objectives is not easy to define in a timely and accurate manner,the revenue and expenditure balance point of economic forests during the cost accounting period can be used as the capitalization and expense node.The principle of choosing the depreciation method for follow-up measurement is:there is a clear fruit period,and the estimated net residual value is easy to estimate(as in the case of apple in this article),and the useful life limit method is used;the fruit age and estimated net residual value are not easy to determine,and considering that the cost of biological assets of economic forests that have been capitalized has reached balance between revenue and expenditure in economic forests,amortization will be based on the amount of retained earnings in accordance with the realization of profits in subsequent years.In the later period,due to the change in the economic assets'biological asset production capacity,the value of the forest assets should be adjusted accordingly,and the fair value measurement attributes should be selected for subsequent measurement.The degree of disclosure of biological assets of economic forests by enterprises is not enough,and it needs further improvement in the future.