Forestry Budgets and Accounts
by G Bright, School of Agricultural and Forest Sciences, University of Wales, Bangor, UK
Paperback
384 pages
Readership
Students, foresters, estate plantation managers and owners, surveyors, accountants and advisors.
Main Description
Few people who are involved with the management of forests are comfortable with the accounting side of their role. This book is set out in an approachable and structured way, providing clear guidance for students and practitioners on how to proceed. The reader is lead through the subject, building up understanding in a series of steps, covering the methodology and rationale and accompanied by worked examples. Chapters cover the management process, the budgeting steps for profit, cash and capital, recording, accounts construction and appraisal, evaluation of alternative investments, information technology and tax. To avoid confusion, more complex issues are dealt with in a number of appendices.
The book is intended for a global audience, since the principles discussed and examples given are universally applicable. It also includes specific appendices relating the content to the USA, Australia and New Zealand. As well as for students the book also provides essential reading for foresters, estate plantation managers and owners, surveyors, accountants and advisors.
Reviews
"I believe this book provides a very useful introductory text for those considering a career in forestry management and needing a clear understanding of fundamental accounting principles and their relevance to forestry management. My experience is that the book would be very appropriate both for students, and for many existing forestry managers".
Mark Blackburne, New Zealand Journal of Forestry Science
"The author should be lauded for filling a crucial vacuum with an excellent book."
Robert Rickman, Journal of Agricultural Economics, 54(3), Nov 2003
Main Contents
• Introduction
• Budgeting - Step 1: the plan
• Budgeting - Step 2: profit budget based on cost centres
• Valuations
• Depreciation
• Budgeting - Step 3: cash flow
• Budgeting - Step 4: budgeted profit and loss statement
• Budgeting - Step 5: budgeted balance sheet
• Recording
• Accounts construction
• Accounts analysis
• Appraising investments
• Finance
• Taxation
• Computers and forest accounts
• Epilogue
• Appendix A United States Overview
• Appendix B New Zealand/Australia Overview
(With special appendices on USA and New Zealand/Australia by Norman Elwood, Department of Forest Resources, Oregon State University, United States and Ted Bilek, New Zealand School of Forestry,University of Canterbury, New Zealand)
