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 Ive received. And Im grateful for it and I enjoy it. But its not the main point of my life. It never was.”
—Jeanne Moreau (b. 1928)
“Good friends settle their accounts speedily.”
—Chinese proverb.
“Predatory capitalism created a complex industrial system and an advanced technology; it permitted a considerable extension of democratic practice and fostered certain liberal values, but within limits that are now being pressed and must be overcome. It is not a fit system for the mid- twentieth century.”
—Noam Chomsky (b. 1928)