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Ecosystem valuation is an economic process which assigns a value (either monetary, biophysical, or other) to an ecosystem and/or its ecosystem services.By quantifying, for example, the human welfare benefits of a forest to reduce flooding and erosion while sequestering carbon, providing habitat for endangered species, and absorbing harmful chemicals, such monetization ideally provides a tool ...
Natural capital is the world's stock of natural resources, which includes geology, soils, air, water and all living organisms. Some natural capital assets provide people with free goods and services, often called ecosystem services.
In an economically optimum forest rotation analysis, the decision regarding optimum rotation age is undertake by calculating the maximum net present value. It can be shown as follows: NPV and its relationship with rotation age and revenue. Revenue (R) = Volume × Price. Cost (C) = Cost of harvesting + handling. Hence, Profit = Revenue − Cost.
IAS 2 defines inventories as assets which are: in the form of materials or supplies to be consumed in the production or rendering of services. IAS 2 requires that those assets that are considered inventory should be recorded at the lower of cost or net realisable value. Cost not only includes the purchase cost but also the conversion costs ...
Glossary of environmental science. This is a glossary of environmental science . Environmental science is the study of interactions among physical, chemical, and biological components of the environment. Environmental science provides an integrated, quantitative, and interdisciplinary approach to the study of environmental systems.
A company 's earnings before interest, taxes, depreciation, and amortization (commonly abbreviated EBITDA, [ 1] pronounced / ˈiːbɪtdɑː, - bə -, ˈɛ -/ [ 2]) is a measure of a company's profitability of the operating business only, thus before any effects of indebtedness, state-mandated payments, and costs required to maintain its asset base.
e. International Accounting Standard 16 Property, Plant and Equipment or IAS 16 is an international financial reporting standard adopted by the International Accounting Standards Board (IASB). It concerns accounting for property, plant and equipment (known more generally as fixed assets ), including recognition, determination of their carrying ...
A balance sheet summarizes an organization's or individual's assets, equity and liabilities at a specific point in time. Two forms of balance sheet exist. They are the report form and account form. Individuals and small businesses tend to have simple balance sheets. [ 5] Larger businesses tend to have more complex balance sheets, and these are ...