National Accounts: A Practical Introduction (Google eBook)

Front Cover
United Nations Publications, 2004 - Political Science - 139 pages
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The purpose of this handbook is to assist countries in the implementation of the System of National Accounts 1993. It seeks to provide an introduction to basic concepts and structures, with simple exercises included, whenever possible, to elucidate matters. The publication also gives an example of the complete system in Excel, with formulas to help readers trace linkages in the system. It is divided into three sections, dealing with accounts of the nation; integrated accounts by industries and institutional sectors; data collection and estimation methods.
  

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Contents

Overview
4
Production account and goods and services account
16
Supply and uses of goods and services
17
Basic relationships in national accounts
18
Overall approaches to calculating GDP
19
Production boundary and principles of valuation
20
Valuation of goods and services in SNA
21
Valuation of national accounts aggregates
23
What is an institutional unit?
75
An example of the need for both industry breakdown and institutional sectoring
76
Corporations
77
Nonprofit institutions and nonprofit institutions serving households
78
Exercises on accounts of the government sector
80
Solutions
83
Supply and use tables integration of industry products and sectors
84
Balancing supply and use table
85

Definition of intermediate consumption
25
Definition of exports and imports of goods and services
26
Definition of gross capital formation
27
Measurement issues
30
Crop output
31
Output of wholesale and retail services
32
Estimation of intermediate consumption from purchase of materials
33
Estimation of output by production costs
34
Relationship between consumption of fixed capital net capital formation net saving and net value added
36
Exercises on GDP by production and final expenditure
37
Solutions
39
Income account of the nation
43
Gross national income
44
Current transfers
45
Relation between income of institutional sectors and the total economy
47
Exercise on gross national income gross national disposable income and gross saving
50
Capital account of the nation
52
Investment in nonfinancial assets and sources of funds
54
Financial account of the nation
55
Definition of assets and liabilities
56
Exercise on classification of transactions
58
Solution
59
Rest of the world account
60
Balances in the rest of the world account
61
Balance sheet of the nation
63
Net worth
64
SNA framework for the total economy
65
Exercise on setting up a full system of accounts of the nation
69
Solution
71
Integrated accounts by industries and institutional sectors
73
Industry and sector breakdown
74
Breakdown of final uses
86
Breakdown of value added
87
Exercise on setting up the use and supply tables
88
Solutions
89
Institutional sector accounts
90
Sectoral entrepreneurial income
91
Sectoral net lending+net borrowing
92
Other important issues in sector accounts
93
Final consumption expenditure of general government
94
Final consumption expenditure of NPISHs
95
Business accounts versus national accounts
96
Differences between business accounts and national accounts
97
Exercises on linking business accounts to national accounts
99
Solutions
102
Price and volume measures in national accounts
104
Types of volume indexes
105
Methods of obtaining volume of GDP
108
Exercise on volume indexes and double deflation method
113
Solution
115
Data collection and estimation methods in SNA
117
Data collection compilation and estimation methods in SNA a summary
118
Data from administrative records
119
Data collected by statistical methods
120
Estimation methods in SNA
122
Annex
125
an example
130
Integrated national accounting framework
132
Strategies for balancing INAF
135
Sectoring the economy
136
SNA compilation worksheets A compilation framework
138
Copyright

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Page 1 - The System of National Accounts (SNA) consists of a coherent, consistent and integrated set of macroeconomic accounts, balance sheets and tables based on a set of internationally agreed concepts, definitions, classifications and accounting rules. It provides a comprehensive accounting framework within which economic data can be compiled and presented in a format that is designed for purposes of economic analysis, decision-taking and policy-making.
Page iii - The macroeconomic assumptions underlying the energy outlook are based upon projections from the Organisation for Economic Co-operation and Development (OECD), the International Monetary Fund (IMF) and the World Bank.