Applicability of book value to estimate property
PBN-AR
Instytucja
Państwowa Wyższa Szkoła Zawodowa w Koninie
Informacje podstawowe
Główny język publikacji
en
Czasopismo
Folia Forestalia Polonica Series A-Forestry (14pkt w roku publikacji)
ISSN
0071-6677
EISSN
Wydawca
INSTYTUT BADAWCZY LESNICTWA, UL. BRACI LEŚNEJ NR 3, SĘKOCIN STARY, RASZYN, POLAND, 05-090
DOI
Rok publikacji
2017
Numer zeszytu
3
Strony od-do
231-238
Numer tomu
59
Link do pełnego tekstu
Identyfikator DOI
Liczba arkuszy
Słowa kluczowe
en
Forestry economics
forestry accounting
balance
property appraisal
value of enterprise
Streszczenia
Język
en
Treść
At present, various solutions are proposed for the appraisal of forest land and stands. Recently an important problem concerning business information is connected with the valuation of assets of individual forest districts. In practice, numerous methods are used to estimate the property of enterprises. However, there are no universal methods to estimate the value of an enterprise. One of these practically applicable methods is the book value method (BVM). In view of the above, it was decided to analyse the applicability of this method to valuate the property of forest districts. Based on the conducted case study and the discussion of results, it was found that the original BV method may not be used to appraise the property of forest districts. The primary justification for rejection of this method in the valuation of forest district property results was from the lack of financial balance information on the value of forest land and stands. As a result, the value of a forest district calculated using the BVM is underestimated. A lesser but significant effect on the estimated value of forest districts is also observed for cash flows related with the Forest Fund. In the case of net contributors, the estimated value of forest districts is overestimated and that of net beneficiaries is underestimated.
Cechy publikacji
ORIGINAL_ARTICLE
Inne
System-identifier
845399
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