Future Research Agenda

1
Future Research Agenda

• Issues involving financial instruments and
  non-financial assets

2
Issues involving financial instruments

• Financial crisis gt 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