III. Flows, stocks and accounting rules
Author: International Monetary Fund
Language:
English
Keywords:
BOOK; fixed capital; capital formation; fixed capital capital formation; economic value; transaction category; market transaction; exchange value; transaction partner; Stocks; Consumption; Currencies; Financial statements; Accrual accounting; Global

Abstract

3.1. This chapter deals with the basic nature of the entries in the accounts and tables of the System. First, it defines the nature of flows and stocks. These are the two basic forms in which information about the economy can be recorded in a system of national accounts, flows referring to actions and effects of events that take place within a period of time and stocks referring to a position at a point of time. Secondly, it explains the rules of accounting that underlie the recording of flows and stocks. The discussion in this chapter is a general one; definitions of specific flows and stocks and specific applications of the accounting rules appear in later chapters.

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Cover System of National Accounts, 1993
System of National Accounts, 1993
Author: International Monetary Fund
ISBN:
9789211613520
Publication Date:
15 Mar 1993
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9789211613520.071
Pages:
774