Balance-of-payments structure and double-entry recording

What this note covers

1. Build the accounts from one quarterly dataset
2. Current account: flows of output and income
3. Capital and financial accounts: distinguish transfers from finance
4. Double entry: record the real item and its settlement
5. Balancing identity, discrepancies and sign conventions
6. Australian evidence and the merchandise-data boundary

6 sections · 10 key terms & formulas · 6 common mistakes