JOURNAL OF NATURAL RESOURCES ›› 2018, Vol. 33 ›› Issue (10): 1697-1705.doi: 10.31497/zrzyxb.20180846

• Special Forum of “Compilation of Natural Resources Balance Sheet” • Previous Articles     Next Articles

Research on Equilibrium Relation of Natural Resources Balance Sheet Based on Double-Entry Bookkeeping

HE Li1, SHEN Lei2, TAO Jian-ge3, ZHONG Shuai2, ZHANG Yue1   

  1. 1. School of Accounting, Henan Institute of Engineering, Zhengzhou 451191, China;
    2. Institute of Geographic Sciences and Natural Resources Research, CAS, Beijing 100101, China;
    3. Systems and Industrial Engineering Technology Research Center, Zhongyuan University of Technology, Zhengzhou 450007, China
  • Received:2018-08-05 Revised:2018-09-06 Online:2018-10-20 Published:2018-10-20
  • Supported by:
    Strategic Priority Research Program of the Chinese Academy of Sciences Grant, No. XDA19040102; Key R & D Program of Ministry of Science and Technology, No. 2016YFA0602802; National Natural Science Foundation of China, No. 41771566; Philosophy and Social Sciences Planning Project of Henan, No. 2018BJJ018; Science and Technology Planning Project of Henan, No. 182400410587; Doctoral Fund of Henan Institute of Engineering, No. D2016032.

Abstract: The equilibrium relationship of natural resources balance sheet is the theoretical basis for compiling natural resources balance sheet and developing natural resources accounting. Because of the disagreement between the awareness of natural resources property and value, there are different understandings of balance relationship of natural resource balance sheet, which leads to the long-term dispute on the compilation of balance sheet of natural resources. The basic understanding of SEEA-2012’s “beginning + increase - decrease = end” is consistent. However, there is much controversy over the framework of the natural resources balance sheet. The researchers of natural resource believe that the natural resource balance sheet should be compiled based on the “early period + increase - decrease = end of term” of SEEA-2012, but this report cannot reflect natural resource liabilities, so it cannot be called the balance sheet of natural resources in strict sense and should be called the statistical report of natural resources. Many scholars in the accounting field believe that the balance sheet of natural resources should be compiled based on “assets = liabilities + rights and interests” and use complex accounts. However, because of the lack of understanding of natural resources, the concept of “asset liability = net assets” proposed by some scholars is also lack of practical significance. It is also impossible to design such an accounting system with double-entry bookkeeping. In this paper, based on the cross research of resource science and accounting theory, the framework of natural resource balance sheet is constructed with the property and value attributes of resources. The equilibrium relationship of the balance sheet is clarified, and the static balance relationship and dynamic balance relationship of natural resource balance sheet are studied. The static balance relationship of the natural resources balance sheet based on the double-entry accounting is generally expressed as “assets = equity”, which is the theoretical basis of debit and credit accounting; the dynamic balance relationship is expressed as “beginning + increase - decrease = end of period (beginning - decrease = end - increase)” and “income - output = surplus”, which is the theoretical basis for the period accounting. The paper further analyzes the equations of natural resources accounting system and the framework of natural resources balance sheet based on double-entry accounting.

Key words: balance sheet, balanced relation, double-entry bookkeeping, natural resources

CLC Number: 

  • F205