National Accounts
major accounts which are sometimes served by a separate salesforce because of their importance. Account specialists try to meet their special needs and to develop close relationships with key personnel. Also referred to as Direct Accounts and House Accounts. | ||||
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National Accounts Definition from Encyclopedia Dictionaries & Glossaries
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National accounts
National accounts or national account systems (NAS) (more generally social accounts) summarize economic activity for a nation (or other geographic area) and provide more detailed underlying measures of such information. They rely on double-entry accounting, which by construction makes the totals on both sides of an account equal even though they each measure different characteristics (Ruggles, 1987). A central application of national accounts is the national income and product accounts (NIPA), which provide estimates for the money value of income and output respectively per year or quarter. NIPA entries are called flows, to indicate that they are measured over time. Another application is the national balance sheet as to assets on one side, including the capital stock, and liabilities and wealth on the other, measured as of the end of the accounting period. Entries here are called stocks, to indicate their accumulation to a point in time, as distinct from a flow, which is measured over time.
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