The Relationship Between Macroeconomic Statistics Guidelines and Accounting Standards

December 1, 2004

Preview Citation

Format: Chicago

Lucie Laliberté. The Relationship Between Macroeconomic Statistics Guidelines and Accounting Standards, (USA: International Monetary Fund, 2004) accessed November 24, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

This paper aims to promote harmonization between macroeconomic statistics guidelines and accounting standards. It first highlights recent development that act as drivers to the harmonization of the two systems. It then compares the two systems and reviews approaches aimed at further harmonization. This is followed by a description of the specificity of each system in terms of the emphasis each puts on various aspects of data quality. The paper concludes that through differences between the two systems will remain, they are more likely to be documented, via statistical metadata, than in the past; in the public sector, there is a promising potential for data reconciliation in the form of bridging items; and convergence is likely to be achieved in selected areas.

Subject: Accounting standards, Financial statements, Fiscal accounting and reporting, National accounts, Personal income

Keywords: Accounting, Asset, Income, Income statement, WP, Yield to maturity

Publication Details

Pages:

37
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2004/233
Stock No:

WPIEA2332004
ISBN:

9781451875621
ISSN:

1018-5941

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