Subject: The Practical Use of the Current Account Year and the Posted: 4/4/2021 Viewed: 2492 times
I have just started learning WEAP . What is the real practical use of the Current Account Year and various information we input for the Key Assumptions , nodes and other links in the Tree of the Data Menu for that Current Account Year.
The manual sometimes says Current Accounts? What are they?. Ok it is understood that there could be a single year as the Current Account Year. But we see there for example Current Accounts (1988). Are they the various sets of data we enter?.
Is a Current Account a scenario type?
Ms. Anne Hereford
Subject: Re: The Practical Use of the Current Account Year and the Posted: 4/7/2021 Viewed: 2481 times
The Current Accounts Year is the baseline year for your model. I think of it as the last year before the scenarios can start to diverge from one another.
When the manual says "current accounts" it's referring to the data for the Current Accounts year.
There are various uses for Key Assumptions--from defining units to turning flow requirements on and off. Look in the forum for "key assumptions" for more on this.
By default, WEAP will use all the data entered in Current Accounts for the Reference scenario.
Ms. Limourchik Limourchik
Subject: Re: The Practical Use of the Current Account Year and the Posted: 6/1/2022 Viewed: 730 times
Hello, I'm new in this domain too, but there are several types of Current Accounts available in different countries at different banks. When I started, I didn't have a high income to spend a lot of money on taxes and save as much as possible. At first, I thought the best solution was to have just cash without opening a Current Account. However, after I found out about these services that the German banks allow us to use: https://www.girokontokuendigen.de/de/, everything changed. After some tips from them, I could have a Current Account without spending enormous amounts on taxes.
Dr. Usman Abdullahi Ibrahim
Subject: Re: The Practical Use of the Current Account Year and the Posted: 6/4/2022 Viewed: 643 times
Current Account is set by you the user. It's not universal. It's user flexible.
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