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:
“The main thing is that everything become simple, easy enough for a child to understand; that each act be ordered, that good and evil be decided arbitrarily, thus clearly.”
—Albert Camus (1913–1960)
“But, on more accounts than one, I had had enough of moose-hunting. I had not come to the woods for this purpose, nor had I foreseen it, though I had been willing to learn how the Indian manvred; but one moose killed was as good, if not as bad, as a dozen.”
—Henry David Thoreau (1817–1862)
“I need not say what match I would touch, what system endeavor to blow up; but as I love my life, I would side with the light, and let the dark earth roll from under me, calling my mother and my brother to follow.”
—Henry David Thoreau (1817–1862)