Abstract
Social accounting is that branch of accounting which is concerned with the functioning of the economic system as a whole. It may be considered to be ‘nothing else but the accounting for the whole community or nation, just as private accounting is the accounting of the individual firm’ (Hicks, 1946). It provides the information necessary to monitor the progress of the economy and plays an essential role in the formulation of economic policy.
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Further Reading
W. Beckerman, Measurement of Leisure, Equality and Welfare (Paris: OECD, 1978).
W. Beckerman, An Introduction to National Income Analysis (London: Weidenfeld and Nicolson, 1969).
M. A. Copeland, A Study of Moneyflows in the United States (New York: National Bureau of Economic Research, 1952).
R. W. Goldsmith, The National Wealth of the United States in the Postwar Period, (Princeton: Princeton University Press, 1962).
J. R. Hicks, ‘The Valuation of the Social Income’, Economica (May 1940).
J. R. Hicks, The Social Framework (Oxford: Clarendon Press, 1946).
J. M. Keynes, The General Theory of Employment, Interest and Money (London: Macmillan, 1936).
W. W. Leontief, The Structure of the American Economy 1919–1939 (Oxford University Press, 1951).
W. D. Nordhaus and J. Tobin, ‘Is Growth Obsolete’ in The Measurement of Economic and Social Performance, ed. M. Moss (New York: National Bureau of Economic Research 1977).
OECD, A Standardised System of National Accounts (Paris: OECD, 1952).
J. Revell et al., The Wealth of the Nation (Cambridge University Press, 1967).
T. C. Schelling, ‘Design of Accounts’, in A Critique of the United States Income and Product Accounts (National Bureau of Economic Research, 1958 ).
G. J. Stigler, The Price Statistics of the Federal Government (New York: National Bureau of Economic Research, 1961).
R. Stone and G. Stone, National Income and Expenditure (London: Bowes and Bowes, 1977).
UK Central Statistical OfficeNat ional Income and Expenditure (HMSO, annually, 1952—).
UN Statistical Office, A System of National Accounts, Studies in Methods Series F. No. 2 (New York: UN, 1968).
B. Usher, Rich and Poor Countries: A Study in the Problems of Comparison of Real Income (London: Institute of Economic Affairs, 1966).
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© 1981 R. J. Briston, J. R. Davies, P. N. Dean, C. Edwards, S. Ewing, C. S. Greensted, D. Lyall, the estate of C. McGeehan, W. McInnes, A. J. Millar, E. P. Minnis, L. Oakes, R. Perks, C. R. Tomkins
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Briston, R.J. (1981). Social Accounting. In: Introduction to Accountancy and Finance. Palgrave, London. https://doi.org/10.1007/978-1-349-16515-5_9
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DOI: https://doi.org/10.1007/978-1-349-16515-5_9
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