Main Accounts in The System
UNSNA includes the following main accounts:
- the production account (components of gross output)
- the primary distribution of income account (incomes generated by production)
- the transfers (redistribution) account (including social spending)
- the household expenditure account
- the capital account
- the (domestic) financial transactions account ("flow of funds")
- the changes in asset values account
- the assets and liabilities account (balance sheet)
- the external transactions account (balance of payments)
These accounts include various annexes and sub-accounts, and standards are also provided for input-output tables showing the transactions between production sectors.
Almost all member countries of the United Nations provide income and product accounts, but not necessarily a full set of standard accounts, or a full set of data, for the standard accounting information supplied. For example, standardized assets and liabilities accounts for households hardly exist and remain to be developed.
A recent development is the attempt to create standard accounts of strategic stocks of natural resources.
Read more about this topic: United Nations System Of National Accounts
Famous quotes containing the words main, accounts and/or system:
“I could live without acting.... Acting is a gift I’ve received. And I’m grateful for it and I enjoy it. But it’s not the main point of my life. It never was.”
—Jeanne Moreau (b. 1928)
“... by and large, wife-changing and high office are not compatible. This inequity accounts for the many dull women in Washington and is the cause of much smug complacency on the distaff side of political marriages.”
—Barbara Howar (b. 1934)
“For us necessity is not as of old an image without us, with whom we can do warfare; it is a magic web woven through and through us, like that magnetic system of which modern science speaks, penetrating us with a network subtler than our subtlest nerves, yet bearing in it the central forces of the world.”
—Walter Pater (1839–1894)