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Cost and Financial Accounting in Forestry : A Practical Manual.

By: Openshaw, K.
Material type: TextTextSeries: eBooks on Demand.Publisher: Kent : Elsevier Science & Technology, 2013Copyright date: ©1980Description: 1 online resource (205 pages).Content type: text Media type: computer Carrier type: online resourceISBN: 9781483293523.Subject(s): Cost accounting | Forests and forestry -- AccountingGenre/Form: Electronic books.Additional physical formats: Print version:: Cost and Financial Accounting in Forestry : A Practical ManualDDC classification: 657/.863 Online resources: Click here to view this ebook.
Contents:
Front Cover -- Cost and Financial Accounting in Forestry: A Practical Manual -- Copyright Page -- Table of Contents -- Dedication -- List of Figures, Tables, Examples and Formulae -- Introduction -- Part I: The Costing of Forest Operations -- Chapter 1. Standard account heads -- Introduction -- Purpose of Standard Heads -- Definitions -- Harvesting and Conversion -- Record All Cost Components -- Division of Standard Heads -- Chapter 2. Primary records -- Introduction -- Time-sheets -- Time unit-hour:day -- Distinguishing Direct and Overhead Costs -- Time-sheet Design -- Machine Record Book including Animals -- Material Record Book -- Contractor's Costs -- Chapter 3. Depreciation -- Introduction -- Reasons for Depreciation -- Factors affecting Depreciation -- Methods of Depreciation -- Interest -- Inflation -- The Use of Depreciation in Cost Accounting -- Chapter 4. 4 Preliminary analysis of primary records -- Introduction -- Wage Analysis Sheet -- Operation Analysis Sheets -- Summary Analysis Sheets -- Chapter 5. Direct unit costs -- Introduction -- Woodland Costing Schedule -- Compartment Record Card -- Chapter 6. Overhead costs -- Introduction -- Overheads Allocation Form -- Woodlands Overhead Costing Schedule -- Chapter 7. Usefulness of costs -- Introduction -- Cost Comparisons -- Piece Work and Bonus Rates -- Productivity Measurements -- Budget Programming and Control -- Unit Labour, Material and Machine Inputs-Manpower, Material and Machine Planning -- Marginal Analysis -- Stumpage Price -- Part II: The Financial Account -- Chapter 8. Income and expenditure (trading) account -- Introduction -- Expenditure -- Income -- Chapter 9. Capital valuation -- Introduction -- Subjective Nature of Valuation -- Methods of Capital Valuation -- Forest Valuation using the Actual Value Method -- Unit Area Valuation of the Merchantable Crop.
Valuation of Young Woodlands -- Unit Area Valuation of Immature Woodlands using Actual Costs and Prices -- Unit Area Valuation of Immature Woodlands using Current Costs and Prices -- Valuation of the Land -- The Realisation Capital Value -- The Expected Yield Capital Value -- Valuation assuming a "Normal" 12 Forest-the Capitalisation Value -- Accountant's Capital Valuation -- Choice of Method -- Chapter 10. Profit and loss account and balance-sheet -- Introduction -- Profit and Loss Account (P/L Account) -- Balance-sheet -- Part III: The Financial Yield -- Chapter 11. Discounted expenditure -- Introduction -- Discounting Process-Age Assumptions -- Financial Yield-Cost Assumptions -- Discounted Expenditure (Constant Costs) Single Rotation -- Discounted Expenditure-Infinite Rotations -- Chapter 12. Discounted income -- Price Assumptions -- Discounted Income -- Chapter 13. Financial yield -- Introduction -- Variations of Costs and Receipts on Financial Yield -- Inflation and Financial Yield -- Inflation and Its Effect on Rotation Length -- Marginal Increase in Financial Yield -- Drawbacks to selecting Rotation of Maximum Financial Yield -- Chapter 14. Financial yield of the enterprise -- Introduction -- Allowance for Crop Damage, Roads and Rides -- Determination of Expected Financial Yield for the Whole Enterprise -- Calculation of Actual Financial Yield -- Discussion -- Chapter 15. Net discount revenue -- Introduction -- Methodology -- Selection of Interest Rate -- Internal Rate of Interest -- Maximum Net Discount Revenue -- Chapter 16. Increasing profit -- Market Intelligence -- Reduction of Costs -- Appendix I: Standard Account Heads-Expenditure -- Appendix II: Capital Valuation Comparison Between the Actual Value and Potential Value Methods of a Sitka Spruce Plantation Yield Class 18 m3/ha -- Index.
Summary: Written for the forest manager, land agent and the forestry/rural economy student, either at the technical or university level, this book describes how systems of cost and financial accounting and financial yield may be built up, every step being illustrated by a series of interrelated examples. Financial accounting gives a precise view of a forest venture from year to year, whereas financial yield endeavours to show the profitability of a tree crop over its rotation. Cost accounting probes into detail and is an essential management tool for budget control, profit maximisation and planning. It may thus be said that the book deals with an important and essential aspect of forestry.
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Electronic Book UT Tyler Online
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HF5686.F62 -- .O646 1980 (Browse shelf) http://ebookcentral.proquest.com/lib/uttyler/detail.action?docID=1820188 Available EBC1820188
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HF5686.C8 I563 2014 Cost Accounting : HF5686.C8 .J384 2013 Management accounting and control : HF5686.F616D36 2016 Accounting and Food : HF5686.F62 -- .O646 1980 Cost and Financial Accounting in Forestry : HF5686.F62 O63 2014 Cost and Financial Accounting in Forestry : HF5686.H75 -- .B637 1991 Hotel and Catering Accounts. HF5686.H75 -- G848 2014 Accounting Essentials for Hospitality Managers.

Front Cover -- Cost and Financial Accounting in Forestry: A Practical Manual -- Copyright Page -- Table of Contents -- Dedication -- List of Figures, Tables, Examples and Formulae -- Introduction -- Part I: The Costing of Forest Operations -- Chapter 1. Standard account heads -- Introduction -- Purpose of Standard Heads -- Definitions -- Harvesting and Conversion -- Record All Cost Components -- Division of Standard Heads -- Chapter 2. Primary records -- Introduction -- Time-sheets -- Time unit-hour:day -- Distinguishing Direct and Overhead Costs -- Time-sheet Design -- Machine Record Book including Animals -- Material Record Book -- Contractor's Costs -- Chapter 3. Depreciation -- Introduction -- Reasons for Depreciation -- Factors affecting Depreciation -- Methods of Depreciation -- Interest -- Inflation -- The Use of Depreciation in Cost Accounting -- Chapter 4. 4 Preliminary analysis of primary records -- Introduction -- Wage Analysis Sheet -- Operation Analysis Sheets -- Summary Analysis Sheets -- Chapter 5. Direct unit costs -- Introduction -- Woodland Costing Schedule -- Compartment Record Card -- Chapter 6. Overhead costs -- Introduction -- Overheads Allocation Form -- Woodlands Overhead Costing Schedule -- Chapter 7. Usefulness of costs -- Introduction -- Cost Comparisons -- Piece Work and Bonus Rates -- Productivity Measurements -- Budget Programming and Control -- Unit Labour, Material and Machine Inputs-Manpower, Material and Machine Planning -- Marginal Analysis -- Stumpage Price -- Part II: The Financial Account -- Chapter 8. Income and expenditure (trading) account -- Introduction -- Expenditure -- Income -- Chapter 9. Capital valuation -- Introduction -- Subjective Nature of Valuation -- Methods of Capital Valuation -- Forest Valuation using the Actual Value Method -- Unit Area Valuation of the Merchantable Crop.

Valuation of Young Woodlands -- Unit Area Valuation of Immature Woodlands using Actual Costs and Prices -- Unit Area Valuation of Immature Woodlands using Current Costs and Prices -- Valuation of the Land -- The Realisation Capital Value -- The Expected Yield Capital Value -- Valuation assuming a "Normal" 12 Forest-the Capitalisation Value -- Accountant's Capital Valuation -- Choice of Method -- Chapter 10. Profit and loss account and balance-sheet -- Introduction -- Profit and Loss Account (P/L Account) -- Balance-sheet -- Part III: The Financial Yield -- Chapter 11. Discounted expenditure -- Introduction -- Discounting Process-Age Assumptions -- Financial Yield-Cost Assumptions -- Discounted Expenditure (Constant Costs) Single Rotation -- Discounted Expenditure-Infinite Rotations -- Chapter 12. Discounted income -- Price Assumptions -- Discounted Income -- Chapter 13. Financial yield -- Introduction -- Variations of Costs and Receipts on Financial Yield -- Inflation and Financial Yield -- Inflation and Its Effect on Rotation Length -- Marginal Increase in Financial Yield -- Drawbacks to selecting Rotation of Maximum Financial Yield -- Chapter 14. Financial yield of the enterprise -- Introduction -- Allowance for Crop Damage, Roads and Rides -- Determination of Expected Financial Yield for the Whole Enterprise -- Calculation of Actual Financial Yield -- Discussion -- Chapter 15. Net discount revenue -- Introduction -- Methodology -- Selection of Interest Rate -- Internal Rate of Interest -- Maximum Net Discount Revenue -- Chapter 16. Increasing profit -- Market Intelligence -- Reduction of Costs -- Appendix I: Standard Account Heads-Expenditure -- Appendix II: Capital Valuation Comparison Between the Actual Value and Potential Value Methods of a Sitka Spruce Plantation Yield Class 18 m3/ha -- Index.

Written for the forest manager, land agent and the forestry/rural economy student, either at the technical or university level, this book describes how systems of cost and financial accounting and financial yield may be built up, every step being illustrated by a series of interrelated examples. Financial accounting gives a precise view of a forest venture from year to year, whereas financial yield endeavours to show the profitability of a tree crop over its rotation. Cost accounting probes into detail and is an essential management tool for budget control, profit maximisation and planning. It may thus be said that the book deals with an important and essential aspect of forestry.

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