Policy Review - An Alternative Approach to Accounting for Natural Resources: The Case of Multipurpose Forestry in Australia

K F Herbohn; Steve R Harrison; John L Herbohn

doi:10.1080/08941920050121936

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Policy Review - An Alternative Approach to Accounting for Natural Resources: The Case of Multipurpose Forestry in Australia

Journal article

Peer reviewed

Policy Review - An Alternative Approach to Accounting for Natural Resources: The Case of Multipurpose Forestry in Australia

K F Herbohn, Steve R Harrison and John L Herbohn

Society & Natural Resources, Vol.13(7), pp.663-683

2000

DOI: https://doi.org/10.1080/08941920050121936

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Abstract

environmental

accounting

environmental valuation

externalities

multiple-USE forests

nonmarket benefits

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, and 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.

Details

Title: Policy Review - An Alternative Approach to Accounting for Natural Resources: The Case of Multipurpose Forestry in Australia
Authors: K F Herbohn (Author) - James Cook University
Steve R Harrison (Author) - University of Queensland
John L Herbohn (Author) - James Cook University
Publication details: Society & Natural Resources, Vol.13(7), pp.663-683
Publisher: Taylor & Francis Inc.
Date published: 2000
DOI: 10.1080/08941920050121936
ISSN: 0894-1920
Organisation Unit: Australian Centre for Pacific Islands Research; Tropical Forests and People Research Centre; University of the Sunshine Coast, Queensland; Forest Research Institute
Language: English
Record Identifier: 99450694802621
Output Type: Journal article

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Collaboration types: Domestic collaboration
Web Of Science research areas: Development Studies; Environmental Studies; Regional & Urban Planning; Sociology

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