9. Transactions in non-financial assets

Because of the integrated nature of the GFS framework, information on flows is included to describe changes in stock positions between the opening and closing balances of items appearing on the balance sheet. This chapter describes the transactions that affect stock positions of non-financial assets, including the valuation of transactions in non-financial assets, the time of recording of transactions in non-financial assets, the netting of transactions in non-financial assets, and the classification of transactions in nonfinancial assets.