Comparison of National Accounts of Russian Federation and Italy Essay

7601 WordsApr 27, 201331 Pages
Table of contents Introduction 3 SNA in Russia 4 Classification systems: 4 Scope of data 4 Unrecorded activity 6 Recent changes 7 SNA in Italy 7 Classification systems 7 Scope of the data 7 Unrecorded activity 9 Gross domestic product 9 Disposable income and net lending - net borrowing 15 Population and employment by main activity 18 Conclusion 22 Sources 23 Introduction National accounts or national account systems (NAS) are the implementation of complete and consistent accounting techniques for measuring the economic activity of a nation. National accounts present output, expenditure, and income activities of the economic players (households, corporations, government) in an economy, including their relations with other countries' economies, and their wealth (net worth). As states interact with each other in economic, social, financial and other activities, they should know and understand economic and social position of other countries. That is why there should be a system that would allow to compare national accounts of different countries. And this system exists and it is cold The United Nations System of National Accounts. It is the internationally agreed standard set of recommendations on how to compile measures of economic activity. The SNA describes a coherent, consistent and integrated set of macroeconomic accounts in the context of a set of internationally agreed concepts, definitions, classifications and accounting rules. The idea of the SNA is that individual countries use UNSNA as a guide in constructing their own national accounting systems, to promote international comparability. However, adherence to an international standard is not rigidly enforced, and the systems used by some countries differ significantly from the standard. Handbooks of the SNA have been released for the 1968 revision, the 1993 revision, and the 2008

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