The International Experiences And Enlightenments Of Biological Assets Value Measurement

The particularity of the biological assets determines the complexity of the measurement of biological assets. After issued and implemented of the CAS5, the scholars discuss some questions around biological assets value measurement.BUT the discussions are relatively fragmented and not reach a relatively consensus. In fact, the methods for the measurement of the biological assets value are so various that the biological assets’ information are difficult to be compared with each other. With issued of CAS39 and the demands of compiling the government balance sheet, it becomes a problem that need to be urgently research and norms to how to measuring biological assets value.This paper mainly analyze the foreign measurement method of biological assets value from the perspectives of both enterprises and government on foreign by using the method of normative analysis. From the perspective of enterprise, on the basis of discussing biological assets value system of the United States, Canada, Australia and other typical countries,this pepper analyze the specific practices of the typical enterprise measuring the biological assets value, thus concludes the international experience and enlightenment of biological assets value of our country enterprise. From the perspective of government, the pepper mainly analyze the natural resources value measurement based on the framework of SEEA and New Zealand, exploring the international experience and enlightenment of measuring reasonably of biological assets in the natural resource balance sheet of our government.The main research conclusions of this paper are:First, from the enterprise perspective, our country should draw lessons from international experience, dividing the classification of biological assets more details. Namely, on the basis of the three types of biological assets, the enterprises divide the classification of biological assets in according to whether biological assets is maturing and put forward the following suggestions for the choice of measurement model: it can use historical cost to measure the value of immature biological assets. And it priority use fair value measurement model to measure the mature biological assets value.Only when its fair value cannot be reliably obtained, can we use the historical cost measurement model.Second, from the government perspective, value measurement of biological assets in our country should study on the biological asset value measurement, drawing lessons from foreign experience, according to the principle of from easy to difficult. And we study on the forest biological assets value in the first place. For the forest biological assets value, we can consider to use different value measurement methods for the stumpage in different growth periods, such as present earning value method, marketbased forest value method, replacement cost method, etc, so that it can reflect to the value of stumpage in various period, and it is so better for government to find out property.In this paper, there are two innovative points. First, from the enterprise’s perspective, this pepper discusses the international experience of biological assets value from the aspect of system and the enterprise actual application using the method of typical cases. Compared with existing scattered research, this is more systematic and innovation. Second, this pepper from the government’s perspective explores the international experience of biological assets value measurement. The existed study is mainly such as study on the fair value of the forest biodiversity assets and study on the assessment of natural resources value in our country. These are not to summary the international experience of foreign natural resources or biological assets value. This pepper concludes experiences and revelations of preparing of natural resources in China biological assets in the balance sheet(forest) value by studying natural resources accounting under the framework of SEEA and New Zealand forest resource value accounting. It has a certain innovation.