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The Relationship Between Macroeconomic Statistics Guidelines and Accounting Standards

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  • Ms. Lucie Laliberté

Abstract

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.

Suggested Citation

  • Ms. Lucie Laliberté, 2004. "The Relationship Between Macroeconomic Statistics Guidelines and Accounting Standards," IMF Working Papers 2004/233, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:2004/233
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    References listed on IDEAS

    as
    1. Grossman, Sanford J & Miller, Merton H, 1988. " Liquidity and Market Structure," Journal of Finance, American Finance Association, vol. 43(3), pages 617-637, July.
    2. Abdré Vanoli, 1999. "Interest And Inflation Accounting," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 45(3), pages 279-302, September.
    3. Mr. Cornelis N Gorter & Mr. Adriaan M. Bloem, 2001. "The Treatment of Nonperforming Loans in Macroeconomic Statistics," IMF Working Papers 2001/209, International Monetary Fund.
    4. Utz-Peter Reich, 2001. "National Accounts and Economic value," Palgrave Macmillan Books, Palgrave Macmillan, number 978-0-230-51290-0.
    5. Mrs. Carol S Carson & Ms. Lucie Laliberté, 2001. "Manuals on Macroeconomic Statistics: A Stocktaking to Guide Future Work," IMF Working Papers 2001/183, International Monetary Fund.
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