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- System_of_National_Accounts abstract "System of National Accounts refers to the specific set of accounts that a nation uses for national economic reporting. The concept is analogous to the Chart of accounts used by an enterprise to classify each transaction, which enables aggregation for financial reporting. National economic reporting however has major differences.Since enterprises sell intermediate products to other enterprises who use them in their products (for example steel makers sell finished steel to automobile makers, who in turn use that steel (and many other inputs), and sell finished automobiles), a nation can't simply sum up the sales of all enterprises located in that country to arrive at a meaningful measure of national output. Without adjustment, continuing the simplified example, the value of the steel would be counted twice, once as it was sold to the automaker, and a second time when the car containing the steel was sold to a consumer.National Accounting (based on Output) starts with enterprise financial statement data, but also adds significant amounts of information not contained in any audited financial statement such as structural information provided by trade organizations, periodic surveys, estimates interpolated from other direct measurements such as electricity usage, etc. The System of National Accounts guides classification and use of those various and varied data streams to facilitate aggregation and economic reporting at the national level.By comparison, enterprise financial statements are based more on direct aggregation of specific, timely, granular, transaction data. Most of the volume of transactions involve an independent second party who \"concurs\" with the amount reported, such as: a sale to a specific customer, cash in a specific account at a specific bank, purchase from a specific vendor, etc. Estimates are used in financial accounting, but to a much less extent than in National Economic Accounting. For example, enterprises with capital equipment estimate useful lives to estimate quarterly depreciation.The System of National Accounts is selected and maintained by each nation according to its own needs and various systems have and continue to evolve.".
- System_of_National_Accounts wikiPageExternalLink www.wiod.org.
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- System_of_National_Accounts wikiPageLength "19458".
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- System_of_National_Accounts wikiPageRevisionID "689954616".
- System_of_National_Accounts wikiPageWikiLink Broad_Economic_Categories.
- System_of_National_Accounts wikiPageWikiLink Category:Economic_indicators.
- System_of_National_Accounts wikiPageWikiLink Category:Industrial_classifications.
- System_of_National_Accounts wikiPageWikiLink Category:National_accounts.
- System_of_National_Accounts wikiPageWikiLink Category:Official_statistics.
- System_of_National_Accounts wikiPageWikiLink Chart_of_accounts.
- System_of_National_Accounts wikiPageWikiLink Classification_of_Individual_Consumption_by_Purpose.
- System_of_National_Accounts wikiPageWikiLink Environmentally_extended_input-output_analysis.
- System_of_National_Accounts wikiPageWikiLink Global_Industry_Classification_Standard.
- System_of_National_Accounts wikiPageWikiLink Gross_domestic_product.
- System_of_National_Accounts wikiPageWikiLink Harmonized_System.
- System_of_National_Accounts wikiPageWikiLink Input–output_model.
- System_of_National_Accounts wikiPageWikiLink International_Standard_Industrial_Classification.
- System_of_National_Accounts wikiPageWikiLink Material_flow_accounting.
- System_of_National_Accounts wikiPageWikiLink Measures_of_national_income_and_output.
- System_of_National_Accounts wikiPageWikiLink National_Income_and_Product_Accounts.
- System_of_National_Accounts wikiPageWikiLink North_American_Industry_Classification_System.
- System_of_National_Accounts wikiPageWikiLink Standard_Industrial_Classification.
- System_of_National_Accounts wikiPageWikiLink Standard_International_Trade_Classification.
- System_of_National_Accounts wikiPageWikiLink Statistical_Classification_of_Economic_Activities_in_the_European_Community.
- System_of_National_Accounts wikiPageWikiLink United_Kingdom_Standard_Industrial_Classification_of_Economic_Activities.
- System_of_National_Accounts wikiPageWikiLink United_Nations_System_of_National_Accounts.
- System_of_National_Accounts wikiPageWikiLinkText "System of National Accounts".
- System_of_National_Accounts wikiPageUsesTemplate Template:Expert-subject.
- System_of_National_Accounts wikiPageUsesTemplate Template:Multiple_issues.
- System_of_National_Accounts wikiPageUsesTemplate Template:Reflist.
- System_of_National_Accounts wikiPageUsesTemplate Template:Update.
- System_of_National_Accounts subject Category:Economic_indicators.
- System_of_National_Accounts subject Category:National_accounts.
- System_of_National_Accounts subject Category:Official_statistics.
- System_of_National_Accounts comment "System of National Accounts refers to the specific set of accounts that a nation uses for national economic reporting. The concept is analogous to the Chart of accounts used by an enterprise to classify each transaction, which enables aggregation for financial reporting.".
- System_of_National_Accounts label "System of National Accounts".
- System_of_National_Accounts sameAs m.078cmq.
- System_of_National_Accounts wasDerivedFrom System_of_National_Accounts?oldid=689954616.
- System_of_National_Accounts isPrimaryTopicOf System_of_National_Accounts.