01667cas a2200241 a 4500 AALejournalIMF003670 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451849202 1018-5941 BD-DhAAL BD-DhAAL Harper, Peter. Recording Interest Income in the Balance of Payments / Peter Harper. Washington, D.C. : International Monetary Fund, 1995. 1 online resource (26 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students In the balance of payments, as well as the national accounts, income refers to the use of factors of production. Accordingly, income should be recorded in the balance of payments during the period or periods in which the economic benefits arising from the use of a factor of production are enjoyed by the user-that is, on an accrual basis. This paper discusses: (1) the theoretical implications of using the accrual basis for recording interest income, including the nature of entries necessary to offset income accrued but not paid and the calculation of accrued interest; and (2) the practical aspects of measuring interest on this basis. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1995/071 Full text available on IMF http://elibrary.imf.org/view/journals/001/1995/071/001.1995.issue-071-en.xml IMF e-Library