IMF | SARTTAC

Target Audience

The workshop is intended for government officials who are integrally involved in the compilation or utilization of national accounts statistics. Participants should be suppliers of statistics that are used to compile national accounts statistics, national accounts statistics compilers, or users of national accounts statistics for official policy-making purposes. This training is for Nepal officials only.

Qualifications

Participants are expected to have a bachelor’s degree, with backgrounds in economics, accounting, or related fields.

Course Description

This one-week course will be presented by experts from the International Monetary Fund’s Statistics Department. The course will be based on the System of National Accounts 2008 (SNA 2008). The course will cover the following topics:
1. National accounts concepts, methods, and framework; the scope, role and strategic issues of the sequence of accounts;
2. An overview of the sequence of accounts;
3. Sectorization, institutional units and statistical units;
4. The linkages between the fourteen individual accounts;
5. Detailed description and estimation techniques of the current accounts;
6. A presentation on the status of the sequence of accounts in South Asia;

The course will feature interactive lectures and hands-on exercises that enable participants to operationalize what they learn. The main lectures and workshops include:
(i) The sequence of accounts from the production account to balance sheets.
(ii) Sectorization, institutional units and economic activity classification.
(iii) Production accounts: measurement of output; intermediate consumption, and value added (gross domestic product (GDP).
(iv) Generation of income accounts: measurement of compensation of employees and operating surplus/mixed income.
(v) Allocation of primary income accounts: measurement of gross national income.
(vi) Secondary distribution of income accounts: measurement of gross disposable income.
(vii) Use of disposable income accounts: measurement of gross savings.
(viii) Introduction of the capital and financial accounts. 
(ix) Sequence of accounts estimation in South Asia: The India case.

Course Objectives

Upon completion of this workshop, participants should be able to:
• Describe fundamental aspects of a sequence of accounts that is highly aligned with the international standard.
• Demonstrate and understanding of the production approach to estimating gross domestic product (GDP). 
• Describe the relationship between statistical units and institutional sectors.
• Know the linkages between the sequence of accounts and the main economic statistics calculated for each account.
• Understand the compilation and data sources required for the current accounts component of the sequence of accounts.
• Know the sequence of accounts program for South Asian countries.