IDEAS home Printed from https://ideas.repec.org/a/sko/yrbook/v10y2012i1p193-210.html
   My bibliography  Save this article

Accounting Treatment Of Forests In Republic Of Bulgaria

Author

Listed:
  • Eleonora Stancheva

    (Faculty of Economics and Business Administration, Sofia University St Kliment Ohridski)

  • Iliana Ankova

    (Faculty of Economics and Business Administration, Sofia University St Kliment Ohridski)

  • Dafina Yaneva

    (Faculty of Economics and Business Administration, Sofia University St Kliment Ohridski)

Abstract

Forests are part of our national wealth and they have not only economical significance for the country but also social and ecological ones. They are very important for the sustainable development of the society and for the improvement of our living standard. Main problem identified in the present paper is that forests are currently not recognized as assets by the Bulgarian public entities and this impedes their effective management. Another problem is that cost of sales of harvested product (felled trees) could not be reliably calculated. The study recommends an accounting model that combines a specific analytical reporting with the use of an asset off-balance sheet accounting. The so proposed model will enable generating of accounting data in monetary terms and integrating it with the existing quantitative indicators for forest assets. This will lead to quality improvement of information used in forest management on one hand, and on the other hand to accounting indicators for forest maintenance expenses.

Suggested Citation

  • Eleonora Stancheva & Iliana Ankova & Dafina Yaneva, 2012. "Accounting Treatment Of Forests In Republic Of Bulgaria," Yearbook of the Faculty of Economics and Business Administration, Sofia University, Faculty of Economics and Business Administration, Sofia University St Kliment Ohridski - Bulgaria, vol. 10(1), pages 193-210, March.
    • Handle: RePEc:sko:yrbook:v:10:y:2012:i:1:p:193-210
    as

    Download full text from publisher

    File URL: http://www.feb.uni-sofia.bg/sko/yrbook/Yearbook10-11.pdf
    Download Restriction: no
    File URL:
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sko:yrbook:v:10:y:2012:i:1:p:193-210. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Prof. Teodor Sedlarski (email available below). General contact details of provider: https://edirc.repec.org/data/fesofbg.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.