Abstract: The paper reviewed the references of carbon sequence and oxygen of forest resources,the dynastic physical accounting model was established,forest resource flow and stock can be analyzed,and benefit transfer model was adopted to calculate willing to pay for carbon sequence and oxygen.Benghe forestry farm of Linyi prefecture of Shandong province was selected as the case study area,the accounting result was presented in the paper.If forest resource benefit compensation institution or market direct exchange system has been established,carbon sequence and oxygen releasing forest resource will be benefitted for poverty reduction.