The system of national economic accounting is divided into

System of national economic accounting is divided into production accounting, income distribution accounting, accumulation accounting, assets and liabilities accounting, foreign accounting.

System of national economic accounting is an effective system of systematic measurement, systematic statistics, systematic analysis and systematic aggregation of all economic activities of a country or region.

It is a tool for revealing the economic performance of a country or region, assessing the level of economic development, measuring the rate of economic growth and analyzing key economic areas. At the international level, the United Nations Statistics Division has introduced the International United Nations Measurement Code which divides the accounting system of the world into five major parts, which I will introduce one by one below.

1. Industrial Sector

Industrial sector refers to the statistical classification of all production units in a country or region, including the primary industry (i.e., agriculture, forestry, animal husbandry and fishery), the secondary industry (i.e., industry), the tertiary industry (i.e., service industry), and the secondary industry (i.e., construction industry). This categorization allows for the monitoring of the areas affected by each policy and provides the basis for the government's economic policy regulation.

2. Expenditure Sectors

Expenditure sectors refer to a number of sectors, such as consumption, investment, government procurement, and exports, and are counted on the basis of their respective contributions to the national economy.

Of these, consumption refers to the value of products and services finally consumed by national residents, investment refers to the value of capital formation by economic units adding to their capital, government procurement refers to the purchase of goods or services by government departments, and exports refer to the value of products and services sold by one country or region to other countries or regions.

3. Income Sector

The income sector is divided on the basis of income as a statistical basis, including wages, profits and capital gains. This categorization can reflect the inequality between socio-economic classes and provide an economic basis for formulating tax policies, improving the social security system or enhancing social welfare.

4. Asset Sector

The division of the asset sector takes the two aspects of assets and liabilities as its main elements, assets, i.e., factors of production, also refers to all kinds of property, such as houses, land, equipment, etc., while liabilities refer to all forms of debt.

This classification can be used for economic and social risk analysis and control, as well as to provide basic data reference for delineating the equality of property and the healthy balance of assets and liabilities.

5. Other Sectors

Other sectors refer to the remaining sectors related to economic activities other than the above four. The categorization of these sectors tends to be more specific, especially in some meticulous analytical reports, and detailed information about these sectors is often mentioned. Common such sectors include the financial sector, energy and the environment.

In short, in the national economic accounting system, the above five parts of the division of the way, can provide basic data reference, so that researchers or decision makers to understand the current economic situation, grasp the impact of the policy, and at the same time to carry out targeted regulation, assessment and development of the decision-making.