What is ‘Macro Accounting’
Accounting for the total or aggregate economic activities of a nation. Macro accounting forms the basis for the official statistics that summarize a nation’s economic development and performance, and looks at the whole economic picture rather than focusing on individuals or single companies.
Also known as “national accounting.
Explaining ‘Macro Accounting’
Macro accounting deals with national statistics and economic indicators such as a nation’s gross domestic product, external debt and so on. These figures are released on a periodic basis, usually monthly or quarterly by government bodies. They are closely watched by financial market participants to assess a nation’s economic performance.
Further Reading
- Accounting for macro-finance trends: Market power, intangibles, and risk premia – www.nber.org [PDF]
- Financialization and the monetary circuit: a macro-accounting approach – www.tandfonline.com [PDF]
- Banks' net interest margin in the 2000s: A macro-accounting international perspective – www.sciencedirect.com [PDF]
- Macro‐accounting and Micro‐accounting Relationships in France – onlinelibrary.wiley.com [PDF]
- Financial distress and bankruptcy prediction among listed companies using accounting, market and macroeconomic variables – www.sciencedirect.com [PDF]
- Taking the pulse of the real economy using financial statement analysis: Implications for macro forecasting and stock valuation – meridian.allenpress.com [PDF]
- Creative accounting: some ethical issues of macro-and micro-manipulation – link.springer.com [PDF]
- An empirical comparison of published replication research in accounting, economics, finance, management, and marketing – www.sciencedirect.com [PDF]
- Do macro-economic crises determine accounting value relevance? – www.tandfonline.com [PDF]
- Functions of accounting and accounting regulation: alternative perspectives based on Marxian economics – www.sciencedirect.com [PDF]
