Training Program

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Quarterly National Accounts (QNA)

Invitation

Session No.: SA 19.12

Location: New Delhi, India

Date: March 11-15, 2019 (1 week)

Primary Language: English

Target Audience

The workshop is intended for government officials who are integrally involved in the compilation of national accounts statistics. Participants should be suppliers of statistics that are used to compile national accounts statistics, national accounts statistics compilers, or users of national accounts statistics for official policy-making purposes.

Qualifications

Participants are expected to have a bachelor's degree, with backgrounds in economics, accounting, or related fields. Since the workshop will focus on quarterly national accounts, the participants must already possess a firm grasp of national accounts st

Course Description

This one-week course will be presented by experts from the International Monetary Fund's Statistics Department. The course will be based on the System of National Accounts 2008 (SNA 2008) and the Quarterly National Accounts Manual, 2017. The course will cover the following topics: The scope, role and strategic issues on quarterly national accounts; data sources for the production and expenditure approach; strategies for selecting quarterly indicators;  establishing a quarterly processing system;  benchmarking techniques and software; seasonal adjustment; price and volume measures; Chain-linking quarterly national accounts; inventory valuation methods; revision policy, and, economic analysis of quarterly national accounts.  The course will feature interactive lectures and hands-on exercises that enable participants to operationalize what they learn.

Course Objectives

Upon completion of this course, participants should be able to:
  • Discuss general and specific aspects of the quarterly national accounts framework as embodied in the SNA 2008 and the Quarterly National Accounts Manual, 2017.
  • Describe data sources that are typically used to estimate the quarterly national accounts using both the production and expenditure approach.
  • Select quarterly indicators using conceptual and empirical methods.
  • Benchmark quarterly indicators to annual estimates using the xlpbm EXCEL add-on.
  • Describe the important and technical process of seasonal adjustment and work through a live example.
  • Use price indicies and volume measures to extrapolate quarterly estimates
  • Ensure quarterly estimates of inventory change are recorded as "value of physical change" using appropriate inventory valuation methods.
  • Perform economic analysis of quarterly national accounts, and it's role in the business cycle.

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