Utilize este identificador para referenciar este registo: http://hdl.handle.net/10400.14/10196
Título: The fair value of forestry assets : analysis of precious woods and green resources
Autor: Macedo, Diogo Vasconcelos Cabral Bravo de
Orientador: Azenhas, Paulo
Data de Defesa: 16-Set-2012
Resumo: The purpose of this dissertation is to explore the Fair Value concept in the context of biological assets, more precisely forestry assets. In order to evaluate how Fair Value has been employed in the forestry assets field, I first approach the Fair Value in general terms in the Literature Review, and the Fair Value in the specific context of biological assets (IAS 41). Further, I develop an analysis of two standing timber companies, namely Precious Woods and Green Resources. This analysis encompasses both the methodologies undertaken by each company to value its forestry assets and the impacts on the Financial Statements of changes in fair value of biological assets performed by each company in each year under analysis. Based on the results obtained, both Precious Woods and Green Resources use the Income approach to value its forestry assets and these assets have an overall heavy weight on the financial statements of both companies. Besides, throughout the study one can notice that slight shifts in judgement concerning one or more variables relevant for the DCF model to measure forestry assets can have significant impacts on Financial Statements. Moreover, one can conclude that there is room for improvement not only in the disclosures but also in the accuracy and reliability of financial information reported in the Annual Reports of Precious Woods and Green Resources.
URI: http://hdl.handle.net/10400.14/10196
Aparece nas colecções:R - Dissertações de Mestrado / Master Dissertations
FCEE - Dissertações de Mestrado / Master Dissertations

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