III. FLOWS, STOCKS AND ACCOUNTING RULES
B. Stocks and flows
| 3.5. | The System's accounts and tables contain information relating to the economic actions and the effects of events that take place within a given period of time and information relating to a position in assets and liabilities at the beginning and end of that period. The entries in the accounts and tables relating to actions and effects of events within a given period of time are flows and balancing items derived from them. The entries in the accounts and tables relating to assets and liabilities at a given point of time are stocks and balancing items derived from them. |
| 3.6. | Stocks appear in the balance sheets and related tables (and, for certain stocks, with the use table in an input-output context). Flows appear in all the other accounts and tables of the System. The flow accounts in the full sequence of accounts for institutional sectors consist of the current accounts, which deal with production, income and use of income, and the accumulation accounts, which show all changes between two balance sheets. |
| 3.7. | The flows and stocks are grouped according to the System's hierarchical classifications, shown in an annex at the end of the manual. The classification of transactions and other flows has four headings at the highest level, according to the nature of the flows. The classification of stocks in the balance sheets is by type of asset (liabilities being viewed as negative assets). |
| 3.8. | The flows and stocks are entered in the accounts of the institutional units involved and, accordingly, in the accounts of the sectors into which the institutional units are grouped. In general, flows and stocks are entered in the accounts of the institutional units that own or owned the goods and assets involved, in the accounts of units that deliver or take delivery of services, or in the accounts of units that provide labour and capital or use them in production. Flows relevant to establishments are entered in the accounts of the establishments involved and, accordingly, in the accounts of the industries into which establishments are grouped. |
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