01718cas a2200241 a 4500 AALejournalIMF010159 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451928754 1018-5941 BD-DhAAL BD-DhAAL International Monetary Fund. Change of Ownership and Time of Recording in National Accounts. Washington, D.C. : International Monetary Fund, 1988. 1 online resource (20 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 This paper establishes 'economic ownership' as a crucial concept in analyses of the flows of goods and services in the production and consumption processes, and of income to the factors of production. The paper argues that an approximation to economic ownership or control is legal ownership, which will serve in most cases but requires modification when legal title is established for taxation or regulatory purposes unrelated to economic risks of ownership. It is recommended that national accounting standards recognize the economic ownership concept and be consistent and flexible in its implementation to avoid asymmetry yet accommodate evolving commercial accounting practices. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1988/006 Full text available on IMF http://elibrary.imf.org/view/journals/001/1988/006/001.1988.issue-006-en.xml IMF e-Library