1 / 5

Future Research Agenda

Explore key issues in financial instruments and non-financial assets, including financial crisis impacts, G20 Data Gaps Initiative, pension entitlements, valuation methods, loans, equity standardization, and more. Delve into challenges such as recording interest on concessional loans, recognizing provisions, measuring reverse transactions, and lease accounting.

mathewb
Download Presentation

Future Research Agenda

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Future Research Agenda Issues involving financial instruments and non-financial assets

  2. Issues involving financial instruments • Financial crisis => G20 Data Gaps Initiative • Pension entitlements • Criteria for recognition in the core accounts • Valuation • Loans • Consideration of valuation at fair value • Recording of interest on concessional loans • Equity: more standardized valuation? • Recording and measurement of reverse transactions • Provisions and contingent liabilities

  3. Issues involving non-financial assets • Leases to use/exploit natural resources • Resources with infinite life (user controls the use of the resource) • Land: purchase • Radio spectrum: purchase of non-produced asset (lease) • Atmosphere/water body: tax • Resources subject to replenishment (use is restricted): rent (unless the use shows not to be sustainable) • Resources not capable of replenishment: rent (note: decoupling of rundown in the value of assets and the use in production • Intellectual Property Products • Marketing (and other) intangible assets • Human capital

  4. Issues involving non-financial assets • Recording of costs of ownership transfer: • Financial assets: intermediate consumption • Non-financial assets: fixed capital formation • Valuables: not used in production, nevertheless recorded as fixed capital formation • Fixed assets: integral part of the purchasing value • Non-produced assets (except land): separate category • Land: land improvements • Current maintenance versus capital repairs: further development of criteria, special case • PPPs, and more generally, transfer of ownership of an asset

  5. Issues involving non-financial assets Two main themes: • Recording of ownership transfer of assets (including related costs) • Extension of asset boundary with intangible assets: marketing (and other) assets, human capital One specific issue: • Current maintenance versus capital repairs

More Related