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Accounting for Forestry Assets: Current Practice and future Directions
Author(s) -
HERBOHN KATHLEEN F.,
PETERSON RONALD,
HERBOHN JOHN L.
Publication year - 1998
Publication title -
australian accounting review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.551
H-Index - 36
eISSN - 1835-2561
pISSN - 1035-6908
DOI - 10.1111/j.1835-2561.1998.tb00080.x
Subject(s) - accounting , statement (logic) , business , financial statement , range (aeronautics) , political science , engineering , audit , law , aerospace engineering
Discussion Paper 23 and Exposure Draft 83, dealing with self‐generating and regenerating assets, have been positive steps in the development of accounting for foresty operations. DP 23 was successful in canvassing a wide range of relevant issues. Its most significant recommendations relate to the measurement of foresty assets ‐ but there emerges a problem: no concepts statement on measurement generally has been developed and in its absence the DP 23 and ED 83 recommends ti0 ns appear premature.