Accounting Research Of Forest Carbon Sink Of Forest Resources Cultivation Enterprises

From the micro-perspective of forest resources cultivation enterprises,this dissertation,based on externality theory,value theory of natural resources,as well as theories of comprehensive income and accounting measurement,executes accounting recognition,measurement and disclosure on the forest carbon sink assets possessed by forest resources cultivation enterprises,and conducts systematic studies on financial accounting of forest carbon sink in accordance with Accounting Standards for Business Enterprises No.5 – Biological Assets,Accounting Standards for Business Enterprises No.6 – Intangible Assets as well as Accounting Standards for Business Enterprises No.39 – Fair Value Measurement issued by Ministry of Finance of the People's Republic of China in 2014.Through applying fair value measurement,the author expects to reasonably disclose the holding value of forest carbon sink,hence laying a solid foundation for achieving value transformation in order to push forward the transaction of forest carbon sink,and eventually to help corresponding ecological services like forest carbon sink yield due economic effects.Forest carbon sink is an ecological value produced simultaneously during the production of forest assets,so it complies with the recognition criteria of assets.In line with its particularity,forest carbon sink is confirmed as “intangible assets” for forest resources cultivation enterprises in the field of accounting.And such“intangible assets” would grant enterprises profit inflow eventually,so the holding gains of them should belong to the owner as the capital base,adding the owner's interests.Accounting measurement of forest carbon sink includes measurements of physical quantity and the magnitude of value.Variable Biomass Expansion Factor Function(variable BEFF)and Biomass Inventories Method apply to the measurement of the physical quantity of forest carbon sink with single or fewer tree species by forest resources cultivation enterprises.For other carbon sink the value of which couldn't be measured through historical cost,this dissertation will apply fair value measurement according to the Accounting Standard CAS39.The author has also made exploration of and comparisons between the market,income and cost approaches applied by the measurements.In the studies on market approach,the author has tried to apply the method of establishing the market price model and CAPM model for comparison.During the application of income approach,the author has also established a price model and a binomial tree model for the fair value measurement offorest carbon sink,in order to make the fair value measurement more rational.The dissertation,combined with the contents of accounting recognition of forest carbon sink,demonstrates through report about accounting information disclosure of forest carbon sink,and makes effective adjustment on the four financial statements –balance sheet,profit statement,cash flow statement and statement of change in equity.In addition,this dissertation has also edited the income statement of changes in fair value of forest carbon sink to disclose the fair value variation,as well as made supplement disclosure in the annotation of financial statement with characters or the combination of characters and numbers,making the entire disclosure process complete in contents,prominent in key points,articulate in expression and true in information.