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Macroeconomic Statistics

Institutional Sector Accounts-Introductory Level (ISA-I)

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Session No.: JV 22.28

Location: Vienna, Austria

Date: August 8-12, 2022 (1 week)

Delivery Method: In-person Training

Primary Language: English

Interpretation Language: Russian

    Target Audience

    Officials whose main responsibility is compiling national accounts and financial accounts statistics, who are employed by national statistical agencies and central banks.

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    Participants are expected to have a degree in economics or statistics; or equivalent experience.

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    Course Description

    "Disclosure: Due to COVID 19, courses will be delivered in person, hybrid, or virtual, according to safety guidelines. As of today, this course is scheduled to be delivered in person in Vienna, but its delivery method may change. By submitting your application, you confirm your availability to participate in the course either in person or virtually. Up-to-date Covid-19 vaccination is likely to be required and related information may be requested from participants for in-person courses."

    This course, presented by the Statistics Department, covers theoretical and practical issues related to the compilation of ISA (current and capital accounts, financial accounts, other changes in volume of assets accounts, and revaluation accounts) and balance sheets according to institutional sectors. The course is based on the conceptual framework of the System of National Accounts, 2008 (2008 SNA). The aim of the course is to provide participants with the necessary skills to compile the ISA and the balance sheets. The course consists of lectures covering conceptual and methodological issues as well as exercises that require the application of these concepts and that highlight practical compilation issues. The lectures provide a thorough review of the methodological framework, concepts, and definitions relating to ISA and balance sheets, including accounting rules, valuation, institutional units and sectors, and residency. The course will also outline potential data sources for their compilation and illustrate recommended compilation techniques and procedures. 

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    Course Objectives

    Upon completion of this course, participants should be able to:

    • Apply the principles underlying the compilation of national accounts and financial accounts statistics.
    • Describe the links between the sequence of accounts, thereby providing the basis for an integrated compilation of non-financial economic activities, generation of income, financial transactions, and balance sheets.
    • Apply the acquired knowledge on concepts and methodology to identify data gaps as well as strengths and weaknesses in existing data.
    • Explore alternate and competing data sources to compile the ISA.
    • Confront ISA estimates to ensure that they are consistent and coherent throughout the sequence of accounts.
    • Explain to policymakers the importance and relevance of compiling ISA and balance sheets for the analysis of macro-prudential developments.
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