Abstract

It is necessary to make theoretical analysis of various ecological aspects of forest accounting to make further improvement in it. World needs immediate action at theoretical and applied level as far as biodiversity is concerned. Forest accounting to certain extent help to mitigate same problem. The main objective of the study is to make ecological analysis of forest accounting in physical and monetary terms. The specific objectives of the study are as follows [1]. To study various ecological parameters of forest accounting [2]. To study significance of ecological features in forest accounting. Present study concludes that the ecological aspects of forests is vital for proper forest accounting system. And absence of forest accounting made impact on biodiversity and economy.

Keywords: Forest accounting; Forest valuation; Ecology; Biodiversity; Economics