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:
“Is thy home European or Asian,
O mystical monster marine?”
—Arthur Clement Hilton (1851–1877)
“I need not say what match I would touch, what system endeavor to blow up; but as I love my life, I would side with the light, and let the dark earth roll from under me, calling my mother and my brother to follow.”
—Henry David Thoreau (1817–1862)
“... by and large, wife-changing and high office are not compatible. This inequity accounts for the many dull women in Washington and is the cause of much smug complacency on the distaff side of political marriages.”
—Barbara Howar (b. 1934)