Forests contribute to modern societies through cultural, economic, environmental, institutional and social dimensions. Forest management decisions and practices, therefore, must incorporate information concerning all of these dimensions. In addition, global issues such as changes in society, climate and forest values influence and transform the ways in which forest ecosystems are perceived, managed and used. The role of managerial economics and accounting in forest ecosystems management and policy development in response to these evolving conditions and needs of society were in the focus of the symposium on ‘Advances and Challenges in Managerial Economics and Accounting’ which took place in Vienna, May 9 – 11, 2016. The contributions, stemming from different regions across the globe, provide an insight into recent and upcoming issues in managerial economics and accounting related to forestry. In total 42 researchers from 17 nations took part in the confernce.
