Accounting as a management tool for non-industrial private forestry

Hyder, Akmal S.; Lönnstedt, Lars; Penttinen, Markku

doi:10.1016/s0956-5221(98)00019-0

Cited by 5 publications

(2 citation statements)

References 6 publications

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“…As compared to standards and elements of financial accounting (see e.g. Hyder et al 1999), this framework provides more detail in terms of cost centres and is independent from regulations regarding income tax. Traditionally, the focus is on cost analysis and aspects of rationalization, whereas an extensive financial Improving the International Compatibility of Accountancy Data 257 ratio analysis as suggested for example by Penttinen and Hakkarainen (1998) would hardly be supported by the forest enterprises participating in the network.…”

Section: Methodsmentioning

confidence: 99%

Improving the International Compatibility of Accountancy Data: The ‘DACH-Initiative’

Sekot

Fillbrandt

Zesiger

2010

Small-scale Forestry

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Germany (D), Austria (A) and Switzerland (CH) share a long tradition in monitoring the economic performance of forest enterprises by means of forest accountancy networks. The results generated by these networks are a valuable empirical basis for forestry sector statistics in these countries. In the context of international analyses it is common practice to compare results between countries directly, without addressing the issue of compatibility. However, severe biases and even misjudgements may result from such simplistic approaches. These networks have been developed as national solutions, and their results are neither grounded on common methodological standards nor on attuned definitions, so that their compatibility is not guaranteed. The rising interest in international comparisons indicates that existing accountancy networks may well serve additional purposes. At the same time the importance of compatibility, if not standardisation, is highlighted. The institutions in charge of forestry accountancy networks in these countries recently launched an initiative to establish comparable datasets and to provide additional background information allowing a sound interpretation of any differences. This paper reflects the associated challenges, describes the agreements achieved as well as the common approaches adopted, and presents respective forestry financial results. This example illustrates the prospects as well as the limitations of deriving comparable data from heterogeneous sources. Initially, only few ratios are suited for valid comparisons. However, international compatibility could be improved substantially by computing alternative aggregates following a

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Section: Methodsmentioning

confidence: 99%

Improving the International Compatibility of Accountancy Data: The ‘DACH-Initiative’

Sekot

Fillbrandt

Zesiger

2010

Small-scale Forestry

View full text Add to dashboard Cite

show abstract

“…estimating stand value at immediate clearcutting (liquidation value) or net present value (NPV) of future revenues and costs (see e.g. Hyder et al, 1999). Developments in stand values are affected by several attributes and economic parameters: changes in roundwood category prices, growth of commercial timber volume, changes in timber quality (due to transition of timber volume between roundwood categories), tree mortality, changes in unit harvesting cost, and bare land value.…”

Section: Applying Mpt For Forest Managementmentioning

confidence: 99%