2004 and their connection through the internet using

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2004) and their connection through the Internet using the XML protocol, implementing firewalls, etc. Information and Communication Technology (ICT) solutions (Latukka et al. 2005). 2 Material and methods 2.1 Empirical evidence All book-keeping transactions were recorded with the MARTTI (2008) profitability bookkeeping service of MTT Economic Research. Every transaction contains information marking the production line. Book-keeping farms supply information consisting of cash-based revenues and expenditures obtained from taxation book-keeping as well as data on crops and animals, production amounts, changes in property and working hours. Since financial statements are accrual-based, all data relating to the profit and loss account should correspond to the production of the accounting year. Both cash revenues and cash expenditures are therefore corrected in order to calculate accrual-based revenues and expenditures in profitability book-keeping. Accounts, receivables, and advances received are taken into account in correcting turnover, and accounts, payables, and advance payments are used in matching expenditures to the accounting year. Production for one’s own use is included in revenues and farm use and inputs received as payments in kind are included in farm expenditures. Moreover, changes in product stocks and inventories are also taken into account in order to obtain accrual-based revenues and expenditures. The accrual-based profit and loss statement and balance sheet can be calculated after these corrections (Figure 3). In addition to the book-keeping transactions, the empirical evidence of the study was the forest management plans (FMPs) of each of the 28 book-keeping farms, and the update information on felling and other transactions after the FMP . The value of growing stock and that of bare land have been calculated for the balance sheet, and their changes for the profit and loss statement. The volumes of harvested wood were also sought by timber assortment and tree species for each stand. The basal area of the remaining growing stock after a thinning was sought where possible.
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Working Papers of the Finnish Forest Research Institute 93 13 2.2 Evaluation methods The growing stock information on the FMPs and its updates were used and the growing stock was simulated until the end of a fiscal year using the MELA system (Redsven et al. 2004). Two different methods were used to evaluate the felling information (These methods have been studied and depicted by Penttinen et al. 2004 and Meriläinen 2004): 1. MELA RSU = the calculation was based on the original FMP updated by the field measure - ments concerning harvested amounts and estimated basal areas of stands after harvest. 2. MELA SMU = MELA has an implied activity control that automatically simulates the harves- ting and other silvicultural activities given for the years determined, and these simulated ac- tivities, removals and stand figures (such as basal area), are used as such in the calculations.
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