How the balances are used to prepare the profit and loss statement and balance sheet 6. (...) Month Date Item Credit Debit Balance Deposit Withdrawal Balance Deposit Withdrawal Balance Extended Paid back
Outstanding
1 2 3 4 5 6 7 8 9 10 11 Balance
12
1 2 1 Previous balance 6,610,000 9,000,000 10,000,000
End balance
No. of
mem-
bers
3
External Loans Interest Capital Income from sale of passbooks Income from membership fee Other expenses
Loan received Repayments Outstanding Received Paid on
Balance Received Paid Balance Received Balance Received Balance Paid Balance Remarks
13 14 Balance from members external loan
18 19 20 21 22 23 24 25 26 2715 16 17
3,000,000 800,000 4,000,000 200,000 210,000 600,000
4
5
Checking the balance
The balance in the cash on hand section should always equal savings balance - loan balance + external loan balance + interest received + income from passbook + capital + income from membership fee – other expenses.
(...) Month Date Item Credit Debit Balance Deposit Withdrawal Balance Deposit Withdrawal Balance Extended Paid back
Outstanding
1 2 3 4 5 6 7 8 9 10 11 Balance
12
1 2 1 Previous balance 6,610,000 9,000,000 10,000,000
2 2 1 Membership fees 150 225,000 6,835,000
No. of
mem-
bers
3.
Language:English
Score: 599510.16
-
https://www.ilo.org/wcmsp5/gro...ts/publication/wcms_100503.pdf
Data Source: un
Cereal supply and demand balances for sub-Saharan African countries | GIEWS - Global Information and Early Warning System on Food and Agriculture | Food and Agriculture Organization of the United Nations
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Cereal supply and demand balances for sub-Saharan African countries
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Cereal supply and demand balances for sub-Saharan African countries
The Cereal supply and demand balances for sub-Saharan African countries is a statistical report which contains a subset of FAO/GIEWS Country Cereal Balance System (CCBS) data. The CCBS is a database of annual supply and utilization balances for main cereals, covering all countries of the world. (...) EN
FR
ES
ZH
Cereal supply and demand balances for sub-Saharan African countries - No.4 , 12
Cereal supply and demand balances for sub-Saharan African countries - No.3 , 09
Cereal supply and demand balances for sub-Saharan African countries - No.2 , 07
Cereal supply and demand balances for sub-Saharan African countries - No.1 , 03
Cereal supply and demand balances for sub-Saharan African countries - No.4 , 11
Cereal supply and demand balances for sub-Saharan African countries - No.3 , 09
Cereal supply and demand balances for sub-Saharan African countries - No.2 , 07
Cereal supply and demand balances for sub-Saharan African countries - No.1 , 03
Cereal supply and demand balances for sub-Saharan African countries - No.4 , 11
Cereal supply and demand balances for sub-Saharan African countries - No.3 , 08
Cereal supply and demand balances for sub-Saharan African countries - No.2 , 05
Cereal supply and demand balances for sub-Saharan African countries - No.1 , 02
Cereal supply and demand balances for sub-Saharan African countries - No.4 , 12
Cereal supply and demand balances for sub-Saharan African countries - No.3 , 09
Cereal supply and demand balances for sub-Saharan African countries - No.2 , 06
Cereal supply and demand balances for sub-Saharan African countries - No.1, 02
Cereal supply and demand balances for sub-Saharan African countries - No.4, 12
Cereal supply and demand balances for sub-Saharan African countries - No.3, 09
Cereal supply and demand balances for sub-Saharan African countries - No.2, 06
Cereal supply and demand balances for sub-Saharan African countries - No.1, 02
Cereal supply and demand balances for sub-Saharan African countries - No.4, 11
Cereal supply and demand balances for sub-Saharan African countries - No.3, 09
Cereal supply and demand balances for sub-Saharan African countries - No.2, 06
Cereal supply and demand balances for sub-Saharan African countries - No.1, 02
Cereal supply and demand balances for sub-Saharan African countries - No.4, 11
Cereal supply and demand balances for sub-Saharan African countries - No.3, 09
Cereal supply and demand balances for sub-Saharan African countries - No.2, 05
Cereal supply and demand balances for sub-Saharan African countries - No.1, 02
Cereal supply and demand balances for sub-Saharan African countries - No.4, 11
Cereal supply and demand balances for sub-Saharan African countries - No.3, 09
Cereal supply and demand balances for sub-Saharan African countries - No.2, 05
Cereal supply and demand balances for sub-Saharan African countries - No.1, 02
Cereal supply and demand balances for sub-Saharan African countries - No.4, 11
Cereal supply and demand balances for sub-Saharan African countries - No.3, 08
Cereal supply and demand balances for sub-Saharan African countries - No.2, 04
Cereal supply and demand balances for sub-Saharan African countries - No.1, 01
Cereal supply and demand balances for sub-Saharan African countries - No.4, 10
Cereal supply and demand balances for sub-Saharan African countries - No.3, 06
Cereal supply and demand balances for sub-Saharan African countries - No.2, 03
Cereal supply and demand balances for sub-Saharan African countries - No.1, 01
Cereal supply and demand balances for sub-Saharan African countries - No.5, 11
Cereal supply and demand balances for sub-Saharan African countries - No.4, 09
Cereal supply and demand balances for sub-Saharan African countries - No.3, 06
Cereal supply and demand balances for sub-Saharan African countries - No.2, 03
Cereal supply and demand balances for sub-Saharan African countries - No.1, 01
Cereal supply and demand balances for sub-Saharan African countries - No.4, 11
Cereal supply and demand balances for sub-Saharan African countries - No.3, 09
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© FAO, 2022
Language:English
Score: 597944.53
-
https://www.fao.org/giews/repo...haran-africa-cereal-report/en/
Data Source: un
A trial balance is expected to balance to zero when all GL accounts are included.
(...) A trial balance is expected to balance to zero when all GL accounts are included.
(...) A trial balance is expected to balance to zero when all GL accounts are included.
Language:English
Score: 595738.96
-
https://umoja.un.org/umoja-reporting/1181
Data Source: un
A trial balance is expected to balance to zero when all GL accounts are included.
(...) A trial balance is expected to balance to zero when all GL accounts are included.
(...) A trial balance is expected to balance to zero when all GL accounts are included.
Language:English
Score: 595738.96
-
https://umoja.un.org/fr/umoja-reporting/1181
Data Source: un
An Integrated Framework for Financial Positions and Flows on a From-Whom-to-Whom Basis: Concepts, Status, and Prospects
The views expressed herein are those of the author and should not be attributed to the IMF, its Executive Board, or its management
Balance of Payments Division IMF Statistics Department
Workshop on Harmonization of
Balance of Payments and National Accounts
Brasilia, June 27-29, 2017
Venkat Josyula, Statistics Department, IMF
Consistency Between Balance of Payments and National Accounts: Experience and Perspectives
Balance of Payments Division IMF Statistics Department
Outline
Improving the quality of macroeconomic statistics
STA’s Experience with consistency
• Data Assessment Quality Framework and ROSC missions
• Cross-Sector Consistency Group
• Balance Sheet Approach
Perspectives
BOP and NA consistency (Financial Balance Sheet vs IIP)
Some conceptual issues
Source data considerations –example of ITRS (insurance, FISIM)
Final Remarks
2
Balance of Payments Division IMF Statistics Department
Improving the Quality of Macroeconomic
Statistics
IMF’s Statistics Department (STA) aims at improving the quality of macroeconomic statistics in member countries
High-quality statistics support IMF surveillance and are pre- requisites for the formulation of appropriate macroeconomic and financial policies
Data Quality
Five dimensions under data quality assessment framework (DQAF) of IMF
One of them is serviceability and covers
-Periodicity and timeliness
-Consistency
-revision policy and practice 3
Balance of Payments Division IMF Statistics Department
STA’s Experience
Focus on consistency across all macroeconomic datasets
For identified datasets
Not specific to BOP and NA consistency
Data Assessment Quality Framework (DQAF 2013)
Cross-Sector Consistency Group
Balance Sheet Approach
4
Balance of Payments Division IMF Statistics Department
DQAF - Consistency
4.2.3: Statistics are consistent or reconcilable with those obtained through other data sources and/or statistical frameworks.
(...) -largely consistent with balance of payments, government finance statistics, and other statistical frameworks, as relevant
Refer to Annex (Table on DQAF 4.2.3) for countries present in the workshop
5
Balance of Payments Division IMF Statistics Department
ROSC Missions
Some insights from recent ROSC missions –assessment based on DAQF
Uruguay (2014) –National Accounts
-National accounts statistics are largely consistent with balance of payments statistics.
(...) Sectoral balance sheets under SDDS plus: consistency between financial balance sheet (ROW) and IIP came into prominence
Users may raise questions on differences between Financial Balance Sheet (ROW) and IIP reported to IMF
Let us discuss two examples: USA and Canada
13
Balance of Payments Division IMF Statistics Department
BOP and NA consistency: Financial Balance Sheet of ROW vs IIP
United States
Large differences.
No relevant information available on DQAF.
Some observed differences are due to:
- Financial derivatives not included in ROW, but covered in IIP
- Most of the debt securities at book value in ROW and at market value in IIP
Note that two different agencies responsible for IIP and ROW accounts
14
Balance of Payments Division IMF Statistics Department
BOP and NA consistency: Financial Balance Sheet vs IIP
Canada
Minor differences observed
As per DQAF, Canada's IIP is consistent with the rest of the Canadian system of macroeconomic accounts and there is a complete concordance in the data with Canada's National Balance Sheet Accounts.
Note that the same agency (Statistics Canada) responsible for compilation of sectoral accounts (financial balance sheet) and IIP
15
Balance of Payments Division IMF Statistics Department
BOP and NA consistency: Financial Balance Sheet of ROW vs IIP
Mapping of BOP/IIP functional categories to financial instruments in ROW needs careful consideration
Some countries make errors in mapping that lead to large discrepancies
- Good understanding of both the concepts, i.e. functional categories (DI, PI, RA, and OI) and financial instruments necessary to implement a correct mapping
- DI Debt instruments: some assumption based on expert judgement needed to map them to financial instruments in ROW
- Reserve assets: detailed data required - Reserve position in the Fund: currency and deposits
- Forex reserves: mainly debt securities, and currency and deposits
16
Balance of Payments Division IMF Statistics Department
Some Conceptual Differences
May lead to discrepancies.
Language:English
Score: 592175.5
-
https://www.cepal.org/sites/de...-consystency_bop-na-fmi-vj.pdf
Data Source: un
An assessment of each account with a credit balance was feasible given there are currently fifteen
States with credit balance. If it is determined that the credit balance will be drawn down and eliminated within
the next 2-3 years, carrying the balance forward is deemed a reasonable option.
3.1.2 Under option (b), the materiality of the credit balance in conjunction with the means of
processing the return of funds is considered. (...) Also,
individual credits can be netted with combined invoices that are paid through ASECNA to facilitate the
processing of immaterial credit balances or a large individual credit.
3.2 Credit balances subsequent to SCRAG/21 billing calculations:
1 new credit balances resulted;
9 credit balances reduced;
5 credit balance increased; and
1 credit balance eliminated.
4.
Language:English
Score: 586780.7
-
https://www.icao.int/sustainab...SCRAG/Scrag-21/SCRAG21WP14.pdf
Data Source: un
An assessment of each account with a credit balance was feasible given there are currently seventeen States with credit balance. If it is determined that the credit balance will be drawn down and eliminated within the next 2-3 years, carrying the balance forward is deemed a reasonable option.
3.1.2 Under option (b), the materiality of the credit balance in conjunction with the means of processing the return of funds is considered. (...) Also, individual credits can be netted with combined invoices that are paid through ASECNA to facilitate the processing of immaterial credit balances or a large individual credit.
3.2 Credit balances subsequent to SCRAG/20 billing calculations:
• 5 new credit balances resulted; • 8 credit balances were reduced; • 2 credit balances were eliminated; and • 1 credit balance was refunded during the course of the year.
4.
Language:English
Score: 586780.7
-
https://www.icao.int/sustainab...SCRAG/Scrag-20/SCRAG20WP17.pdf
Data Source: un
bop.PDF
TRADE MEASURES FOR BALANCE-OF-PAYMENTS PURPOSES 194
DECLARATION ON TRADE MEASURES TAKEN FOR BALANCE-OF-PAYMENTS PURPOSES
Adopted on 28 November 1979 (L/4904)
The CONTRACTING PARTIES,
Having regard to the provisions of Articles XII and XVIII:B of the General Agreement;
Recalling the procedures for consultations on balance-of-payments restrictions approved by the Council on 28 April 19701 and the procedures for regular consultations on balance-of-payments restrictions with developing countries approved by the Council on 19 December 19722;
Convinced that restrictive trade measures are in general an inefficient means to maintain or restore balance-of-payments equilibrium;
Noting that restrictive import measures other than quantitative restrictions have been used for balance-of-payments purposes;
Reaffirming that restrictive import measures taken for balance-of- payments purposes should not be taken for the purpose of protecting a particular industry or sector;
Convinced that the contracting parties should endeavour to avoid that restrictive import measures taken for balance-of-payments purposes stimulate new investments that would not be economically viable in the absence of the measures;
Recognizing that the less-developed contracting parties must take into account their individual development, financial and trade situation when implementing restrictive import measures taken for balance-of-payments purposes;
Recognizing that the impact of trade measures taken by developed countries on the economies of developing countries can be serious;
Recognizing that developed contracting parties should avoid the imposition of restrictive trade measures for balance-of-payments purposes to the maximum extent possible; _______________
1BISD 18S/48-53. 2BISD 20S/47-49.
TRADE MEASURES FOR BALANCE-OF-PAYMENTS PURPOSES 195
Agree as follows:
1. (...) All restrictive import measures taken for balance-of-payments purposes shall be subject to consultation in the GATT Committee on Balance-of- Payments Restrictions (hereinafter referred to as "Committee").
5.
Language:English
Score: 586363.33
-
https://www.wto.org/english/docs_e/legal_e/tokyo_bop_e.pdf
Data Source: un
WTO | Balance of payments - Technical Information
WORLD TRADE ORGANIZATION
Home | About WTO | News & events | Trade topics | WTO membership | Documents & resources | External relations
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español français
home
trade topics
balance of payments
technical information
BALANCE OF PAYMENTS: TECHNICAL INFORMATION
Technical Information on Balance of Payments
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Introduction
Under the rules of the WTO, any trade restriction taken by a Member must be consistent, or in compliance, with the rules of the international trading system. Under the provisions of Article XII, XVIII:B and the “Understanding of the Balance-of-Payments Provisions of the GATT 1994”, a Member may apply import restrictions for balance-of-payments reasons.
(...) back to top
Conclusions
The Committee may come to a consensus that the balance-of-payments situation warrants the measures imposed, and that the application of the measures is consistent with the balance-of-payments provisions.
Language:English
Score: 585866.9
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https://www.wto.org/english/tratop_e/bop_e/bop_info_e.htm
Data Source: un
WTO - balance of payments
WORLD TRADE ORGANIZATION
Home | About WTO | News & events | Trade topics | WTO membership | Documents & resources | External relations
Contact us | Site map | A-Z | Search
español français
home
trade topics
balance of payments
Balance of payments
WTO members facing balance-of-payment difficulty may apply import restrictions under provisions in the General Agreement on Tariffs and Trade (GATT) 1994 and under the General Agreement on Trade in Services (GATS).
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News
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Introduction
Technical information on balance of payments
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The provisions
Use of the balance of payments provisions in the WTO is governed by the following agreements, which can be downloaded or browsed from the legal texts gateway.
Articles XII and XVIII:B of GATT 1994
The Understanding on the Balance-of-payments Provisions of the GATT 1994
Article XII of the GATS
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Work on balance of payments in the WTO, and official documents
The Committee on Balance of Payments Restrictions consults with Members who maintain restrictions for balance-of-payments reasons. (...) Technical cooperation handbook on Balance of payments notification requirements
Share
Committee meetings
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Language:English
Score: 585131.5
-
https://www.wto.org/english/tratop_e/bop_e/bop_e.htm
Data Source: un