Studies in Methods (Ser. F) – serie

This Handbook aims to provide practical guidance on the calculation and allocation of the production of various types of financial services and issues related to the compilation of the financial account and balance sheets by institutional sector in the context of from-whom-to-whom relationships. The Handbook complements the 2008 SNA and related manuals, handbooks and guides. The concepts are described and defined in line with the 2008 SNA. Where appropriate, illustrative worked examples with step-by-step guidance are provided in the Handbook to give compilers and users a better picture of how to apply and interpret the various concepts. The Handbook is useful for staff working in national statistical offices, national central banks, international organizations and other institutions engaged in collecting, compiling and disseminating national accounts data, specifically on the financial corporations sector and financial account, and for users requiring a better understanding of such data.

The Guidelines on Accounting for Global Value Chains: GVC Satellite Accounts and Integrated Business Statistics were prepared by the Expert Group on International Trade and Economic Globalization Statistics. The Expert Group was established by the United Nations Statistical Commission in 2015 to address the challenges that globalization and emerging complex production arrangements pose to compiling macroeconomic and business statistics, including the supporting business registers. These Guidelines provide a national perspective on globalization on the basis of a GVC accounting framework that describes industry-specific GVCs in a multi-country supply chain of goods, services and institutional arrangements. Doing so allows for an integrated presentation of production, income, assets and liabilities by partner country for those GVC industries that play a significant role in the national economy, resulting in GVC-specific, multi-country supply and use tables and related institutional sector accounts. These accounts rely on a framework for integrated business, trade and investment statistics, which is based on a global enterprise perspective, with the aim of better understanding the business models and business accounting schemes of global enterprises in their day-to-day activities. Thus, the Guidelines further elaborate on the concepts of business lines and business functions and profiling large multinational enterprises. They emphasize the importance of statistical business registers and global registers and resolving data inconsistencies in basic economic statistics.