Forest accounting: A theoretical perspec-tive

It is necessary to make theoretical analysis of various aspects of forest accounting in order to make further improvement in it. The main objective of the study is to make glance of forest accounting physical and monetary terms. The specific objectives of the study are as follows; 1. To make review of literature of forest accounting in context of past studies and forest accounting concepts. 2. To make glance on various parameters of forest accounting. 3. To make glance on forest accounting concepts. 4. To suggest improvements in forest accounting system. Present study concludes that there is no proper forest accounting system still has not been developed as well as comprehensive forest valuation method is lacking. And absence of forest accounting made impact on biodiversity and economy.