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Institutional Sector Accounts (ISAx)

Apply online by May 22, 2025

Session No.: OL 25.06

Location: Course conducted online

Date: April 3, 2025 - June 12, 2025 (10 weeks)

Delivery Method: Online Training

Primary Language: English

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Target Audience

This course is ideal for officials globally who are interested in learning how to compile institutional sector accounts or in using the statistics for macroeconomic analysis.

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Qualifications

Some knowledge of economics and statistics or equivalent experience is helpful. Access to a computer with a reliable Internet connection and a Google Chrome web browser are essential.

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Pre-requisites

Completion of the National Accounts Statistics (NASx) online course is recommended.

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Course Description

This course, presented by presented by the Institute for Capacity Development and the Statistics Department of the International Monetary Fund (IMF), offers a detailed overview of the compilation of institutional sector accounts based on the System of National Accounts (SNA) framework.

Throughout the course, participants will gain an understanding of the fundamental concepts, methodologies, and significance of these accounts in analyzing economic phenomenon. 

The course will cover the system of national accounts framework, the accounting principles, and the key macroeconomic aggregates that underpin the framework. Participants will explore the institutional sectors and learn how the SNA tracks production and income across different sectors of the economy. Additionally, you will learn how to compile transactions and positions in both financial and nonfinancial assets, and liabilities. We will also emphasize how to classify and record changes in assets and liabilities. 

By the end of this course, participants will be better equipped to contribute to informed economic decision-making, enhancing their expertise in this critical area of economic analysis.

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Course Objectives

Upon completion of this course, participants should be able to: 

  • Describe the System of National Accounts framework, the main accounts and their balancing items. 
  • Identify the main institutional sectors and classify institutional units to sectors.
  • Define the main accounts of the SNA framework, their relevance, and their balancing items / key macroeconomic aggregates.
  • Outline the stocks and flows of non-financial assets, compilation methods and key data sources.
  • Outline the main financial instruments and explain, the data sources, and compilation methods, and measurement issues to consider in deriving financial stocks and flows in financial assets and liabilities.
  • Explain the FWTW framework and outline the analytical uses of the framework.
     
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