ModIAccumulatin Account莫迪积累帐户.ppt

Notes on SNA-Accumulation Accounts UNSIAP_e-Learning Course_Module1 Accumulation Accounts Structure of Accounts The Production and Income Accounts are the current accounts of the system and record transactions in income and expenses The Capital and Financial Accounts are the accumulation accounts of the system and record transactions in balance sheet items, i.e., in assets and liabilities The RHS and LHS of the accounts changes from “Resources” and Uses” to “Changes in liabilities and net worth” and “Changes in assets”, respectively The Balance Sheet Accounts record the value of assets and liabilities at the beginning and end of the accounting period (i.e., Stocks) Structure of Accounts (Contd.) Any difference between the change in stocks of assets and liabilities, as recorded in the balance sheet accounts, and transactions in assets and liabilities recorded in the Capital and Financial Accounts are shown as ‘other flows’ in the Other Changes in Assets Accounts Other changes in assets are due to either valuation changes or other volume changes Both Accumulation accounts and Balance sheets are concerned with ownership. Where Balance sheets specify the ownership of assets and liabilities to other units at given points in time, the Accumulation accounts show the changes in assets and liabilities over given periods Asset definition and boundary Economic assets are entities functioning as a store of value over which ownership rights are enforced by institutional units, individually or collectively, and from which economic benefits may be derived by their owners by holding them or using them over a period of time The economic benefits derived from: Use of an asset in the production process (operating surplus) Generation of property income by letting others use (interest, dividends, rent) Store of value including possible holding gains/losses, that could be realized by disposing of the asset or terminating it Financial Assets Most financial assets are financial c