The Committee noted that, under the terminology of the 1993 system of national accounts (SNA), GNP is now known as gross national income (GNI).

It noted that under the new 1993 system of national accounts, the sum of the balance of primary incomes across sectors results in the aggregate called gross national income, which corresponds to the 1968 system of national accounts concept of GNP.

The additional work and time burdens borne by women are not counted in the national income and product accounts.3

Interest credited to participants accounts Net investment income (schedule 18) Income from loans

(d) National accounts

9. National accounts.

17. The administrative instructions for maintenance of programme support accounts recognize interest income in these accounts.

It also noted that during the process of revising the system of national accounts, some alternative income concepts were seriously considered for inclusion.

13. Interest income includes all interest and related investment income earned on invested funds and various bank accounts.

1993 5 System of National Accounts

System of National Accounts 1993 update

Financial services in the national accounts

1993 5 1993 System of National Accounts

Items for discussion and decision national accounts

(vi) Interest income includes all interest and related investment income earned on invested funds, various bank accounts and time deposit

(vii) Interest income includes all interest and related investment income earned on invested funds, various bank accounts and time deposits

(vi) Interest income includes all interest and related investment income earned on invested funds, various bank accounts and time deposits

(x) Interest income includes all interest and related investment income earned on invested funds, various bank accounts and time deposits

Gross disposable national income

The financial report and accounts reflect UNICEF income, expenditure, assets and liabilities, including the net operating income, assets and liabilities of PSD.

Countries have long used national income accounts, with GDP as the main indicator, to describe economic performance. A more accurate portrait of the wealth of nations must account not only for income, but also for natural and social assets.

Realized exchange gains and losses are charged to miscellaneous income and operating expense accounts, accordingly.

Received a National Diploma in State Accounts and Finance.

Indeed, not only has government spending been rising as a share of income so, too, has spending across many service sectors. Today, the service sector, including the government, accounts for more than 70 of national income in most advanced economies.

Within national income accounts, trade deficits represent the excess of a country s consumption over production. From an accountant s perspective, that makes it logical to label trade deficits as negative savings.

5. Special accounts not related to programmes approved by the UNICEF Executive Board are not entered in the financial accounts of UNICEF as income and expenditures.

This operational method, used by consensus to measure income distribution, obviously has many limitations in that it does not account for a large number of production, trading and service activities that are not included in the quot national accounts quot or quot household accounts quot .

Among households headed by women, non agricultural income accounts for 77 per cent of the total.

(a) Estimates of gross national income

They significantly contributed to National Income.

Income from private sector fund raising activities and related expenses are recorded separately in the PSD accounts.

Charges or credits arising after the closure of project accounts shall be accounted for under miscellaneous income.

(i) Use of gross national product instead of net national income

43. The current low per capita income adjustment involves a reduction of assessable national income for those countries whose per capita national income is below the agreed threshold.

C. Income distribution at the national level

(d) Recording income and expenditure, reconciling bank accounts, and monitoring and collecting the financial assets of the Commission

Interest income accrued from cash and term deposits not maturing until future periods is recorded as accounts receivable.

Schedules to the accounts Schedule 1 Regular resources other income net for the biennium ended 31 December 1997

12. The statement of income and expenditure does not include funds received and expenditures made from special accounts.

25. The financial report and accounts reflect UNICEF income, expenditure, assets and liabilities, including the net operating income, assets and liabilities of the greeting card and related operations.

Any resultant unrealized gain is not recorded as income for the period, but set aside within accounts payable other .

The special accounts for programme support costs are shown separately from the extrabudgetary funds from which their income derives.

Unrealized exchange gains are not recorded as income, but set aside in accounts payable on the grounds of prudence until realized at which point they would be treated as income.

UNICEF financial regulation 5.3 states that funds placed in special accounts shall not form part of the income of UNICEF .

(l) The trust fund statements reflect the clean surplus theory by processing adjustments through the current income and expenditure accounts.