The European System of Accounts (often abbreviated as ESA) is the system of national accounts and regional accounts used by members of the European Union. It was most recently updated in 1995 (ESA 95).
The ESA 95 is fully consistent with the United Nations System of National Accounts (1993 SNA) in definitions, accounting rules and classifications. However, it incorporates certain differences, particularly in its presentation, that are more in line with use within the European Union. The ESA 95 is undergoing a revision to meet the requirements of the update of the SNA 1993 launched in 2003 under the auspices of the United Nations.
Famous quotes containing the words european, system and/or accounts:
“In European thought in general, as contrasted with American, vigor, life and originality have a kind of easy, professional utterance. American—on the other hand, is expressed in an eager amateurish way. A European gives a sense of scope, of survey, of consideration. An American is strained, sensational. One is artistic gold; the other is bullion.”
—Wallace Stevens (1879–1955)
“Intimately concerned as we are with the system of Europe, it does not follow that we are therefore called upon to mix ourselves on every occasion, with a restless and meddling activity, in the concerns of the nations which surround us.”
—George Canning (1770–1827)
“Friendship is friendship, but accounts must be kept.”
—Chinese proverb.