An alternative approach to accounting for natural resources: The case of multipurpose forestry in Australia

Herbohn, Kathleen F., Harrison, Steve R. and Herbohn, John L. (2000) An alternative approach to accounting for natural resources: The case of multipurpose forestry in Australia. Society & Natural Resources, 13 7: 663-683.


Author Herbohn, Kathleen F.
Harrison, Steve R.
Herbohn, John L.
Title An alternative approach to accounting for natural resources: The case of multipurpose forestry in Australia
Journal name Society & Natural Resources   Check publisher's open access policy
ISSN 0894-1920
Publication date 2000
Sub-type Critical review of research, literature review, critical commentary
DOI 10.1080/08941920050121936
Volume 13
Issue 7
Start page 663
End page 683
Total pages 21
Editor D.R. Field
F.H. Buttel
Place of publication UK
Publisher Taylor & Francis
Collection year 2000
Language eng
Subject C1
350103 Auditing and Accountability
729999 Economic issues not elsewhere classified
Abstract Accounting reports represent one of the most widely used forms of communication on an organization's performance to its stakeholders, including existing and potential investors, regulatory agencies, and lobby groups. However, these reports often present only a partial picture of an organization's performance because nonmarket, unpriced events relating to the management of natural resources are not taken into consideration. Consequently, reliance on these reports can lead to poorly informed decisions regarding use of resources controlled by organizations. In this article, an alternative reporting framework for organizations managing natural resources is proposed, which incorporates the data management and communication skills of the accountant, and the resource valuation techniques of the economist. The proposed reporting framework is illustrated with reference to a multipurpose reforestation program in Australia, and practical issues associated with its application are discussed.
Keyword Environmental Studies
Planning & Development
Sociology
Environmental Accounting
Environmental Valuation
Externalities
Multiple-use Forests
Nonmarket Benefits
Q-Index Code C1

Document type: Journal Article
Sub-type: Critical review of research, literature review, critical commentary
Collection: School of Agriculture and Food Sciences
 
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