Standard Offers Consistent Forest Valuation

Release Date:
Tue, 16 December 2008

Consistent reporting on the changing value of commercial forest assets as part of a company’s profit and loss statement has proven difficult in the past because of different interpretations of the Australian Accounting Standards.

However, the Association of Consulting Foresters of Australia (ACFA) has developed a new Australian Standard for Valuing Commercial Forests and an accompanying handbook, which provides a practical guide to applying the standard. The new valuation standard and handbook were developed with funding from Forest and Wood Products Australia (FWPA).

Media Release:
1612008 FWPAMediaStandard Offers Consistent Forest Valuation.pdf