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:
“England is nothing but the last ward of the European madhouse, and quite possibly it will prove to be the ward for particularly violent cases.”
—Leon Trotsky (1879–1940)
“It would be enough for me to have the system of a jury of twelve versus the system of one judge as a basis for preferring the U.S. to the Soviet Union.... I would prefer the country you can leave to the country you cannot.”
—Joseph Brodsky (b. 1940)
“No common-place is ever effectually got rid of, except by essentially emptying one’s self of it into a book; for once trapped in a book, then the book can be put into the fire, and all will be well. But they are not always put into the fire; and this accounts for the vast majority of miserable books over those of positive merit.”
—Herman Melville (1819–1891)