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ACCOUNTING CONVENTIONS

Statistics Directorate    
Definition:
Term capturing the practical aspects and conventions used when compiling data from diverse sources under a common methodological framework.

Context:
In SDMX, "Accounting Conventions" (also referred to as accounting "basis") refers to descriptions of the types of prices used to value flows and stocks, or other units of measurements used for recording the phenomena being observed; the time of recording of the flows and stocks or the time of recording of other phenomena that are measured, including the reference period employed; and the grossing/netting procedures that are used.

Accounting conventions may refer to whether the data are recorded on a cash/accrual or mixed accounting basis, the time of their recording and the reference period (fiscal or calendar year) employed. The description could also include how consistent the practices used are with internationally accepted standards - such as the Balance of Payments 5th Manual or SNA93 - or good practices.

Source Publication:
Statistical Data and Metadata Exchange (SDMX) - BIS, ECB, Eurostat, IBRD, IMF, OECD and UNSD - Metadata Common Vocabulary.

Cross References:
Recording of transactions
Reference period
Statistical Data and Metadata Exchange (SDMX)
Time of recording - SDMX
Valuation

Statistical Theme: Methodological information (metadata)

Glossary Output Segments:
SDMX

Created on Wednesday, March 08, 2006

Last updated on Wednesday, March 08, 2006