Social Accounting

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Social Accounting

A way to calculate economic growth in which one aggregates the growth or decline of each sector of an economy. For example, suppose a simple economy has three equally-sized industries: agriculture, manufacturing, and construction. If agriculture has grown 5%, manufacturing has grown 2%, and construction has declined 1%, then the total growth is 6% (5% + 2% - 1%). A major example of social accounting is the calculation of a country's GDP.
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Paul Samuelson described national accounting as a "great invention of the twentieth century--without (which) macroeconomics would be adrift in a sea of unorganized data" (cited on p.
Of the 59 nations that participated, 90 percent acknowledged plans to adopt International Financial Reporting Standards (IFRS) issued by the IASB or to converge their national accounting standards with them.
Those surveys were "status reports" of the extent to which national accounting standards in various countries differed from international standards.
As early as 1944, while at the United Kingdom Central Statistical Office, he participated in discussions with representatives from the United States and Canada to try to reach agreement on national accounting principles and presentation.
To improve comparability, he conducted studies emphasizing the compatibility of complete systems of price and volume indexes in a national accounting framework.
Stone's goal, the extension of national accounting, was fulfilled in 1968, when the SNA underwent its first substantial revision.
The development of national accounting techniques was not Stone's only interest.
She will also participate in the development of Jefferson Wells' national accounting solutions products and services.
com) is a leading national accounting, tax and consulting firm that focuses on serving the needs of fast-growing, mid-sized companies, which generally includes businesses with $5 million to $250 million in annual revenues.
a national accounting, tax and consulting firm serving mid-sized businesses, becomes a major player in the Puget Sound area today with the acquisition of Knight Vale & Gregory (KVG).
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