1993 SNA Update Information - AEG recommendations for issue:
Definition of economic assets
|Issue description in [English] | [French] | [Russian] | [Spanish]|
|The SNA should provide a clear definition of what constitutes an asset that is consistent with where
the asset boundary falls in respect of currently known entities, as well as providing guidance for
determining whether entities that appear in the future fall within the asset boundary. It should be
accompanied by guidance on how assets should be valued. Does the definition in the 1993 SNA
need further elaboration?|
|Number of AEG recommendations for selected issue:||1|
| Corresponding meeting||Date posted||Recommendation|
| Jan-Feb 2006||4/7/2006||The AEG acknowledged there are some shortcomings with the 1993 SNA definition and agreed that some changes are required. In particular, the existing definition does not adequately cover issues such as risk, demonstrable value and constructive obligations.|
The AEG asked the Editor to amend the current definition of an asset, particularly taking into consideration the need for attention to risk and constructive liabilities. A draft of the relevant chapter(s) will be circulated to the AEG for comment.
Any specific comments should be sent in writing to the Editor as soon as possible. Comments on potential translation problems that may affect the terms able to be used in the English version should be provided directly to the Editor.