Methodological Changes Affecting the Financial Accounts – Changes Implemented and Changes Postponed

Simon, Béla (2015) Methodological Changes Affecting the Financial Accounts – Changes Implemented and Changes Postponed. Hungarian Statistical Review, 93 (SN19). pp. 67-86. ISSN 0039-0690

Preview

Text 2015_K19_067.pdf Download (398kB) | Preview

Abstract

The comprehensive revision of national accounts and the related financial statistics is due in every 15–25 years, providing an opportunity for the international statistics community to review – in the light of developments in the economic and financial environment and changes in user requirements – the previously defined rules of methodological standards and to modify them as required, including fundamental changes. Of course, the modifications presented in the manuals are the results of serious compromises; indeed, the comparability of data in time and space, the availability of homogenous time series and broad-scale applicability are important requirements to be considered during the preparation or change of international standards. These review and preparation efforts have led to numerous forward-looking recognitions in the recent revision period regarding the directions and areas of the methodological revision; however, most of them have not or only partially have been implemented. The author presents the main methodological issues that affect the system of national accounts in general, and the financial accounts in particular. Besides presenting the changes reflected in the data, the purpose of this paper is to give an insight into the reasons for the changes.

Actions (login required)

Edit Item