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Classification Of Individual Consumption By Purpose
Classification of Individual Consumption According to Purpose (COICOP) is a Reference Classification published by the United Nations Statistics Division that divides the purpose of individual consumption expenditures incurred by three institutional sectors, namely households, non-profit institutions serving households, and general government. Categories in COICOP generally correspond to categories in the UN's CPC. Division 14 of COICOP corresponds to the Classification of the Purposes of Non-Profit Institutions Serving Households (COPNI); Division 15 of COICOP corresponds to the Classification of the Functions of Government Classification of the Functions of Government (COFOG) is a Categorization, classification defined by the United Nations Statistics Division. These functions are designed to be general enough to apply to the government of different countries. The acc ... (COFOG). The classification units are transactions. COICOP has been recently revised and is now available a ...
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United Nations Statistics Division
The United Nations Statistics Division (UNSD), formerly the United Nations Statistical Office, serves under the United Nations Department of Economic and Social Affairs (DESA) as the central mechanism within the Secretariat of the United Nations to supply the statistical needs and coordinating activities of the global statistical system. The Division is overseen by the United Nations Statistical Commission, established in 1947, as the apex entity of the global statistical system and highest decision making body for coordinating international statistical activities. It brings together the Chief Statisticians from member states from around the world. The Division compiles and disseminates global statistical information, develops standards and norms for statistical activities, and supports countries’ efforts to strengthen their national statistical systems. The Division regularly publishes data updates, including the Statistical Yearbook and World Statistics Pocketbook, and books a ...
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Expenditure
An expense is an item requiring an outflow of money, or any form of fortune in general, to another person or group as payment for an item, service, or other category of costs. For a tenant, rent is an expense. For students or parents, tuition is an expense. Buying food, clothing, furniture, or an automobile is often referred to as an expense. An expense is a cost that is "paid" or " remitted", usually in exchange for something of value. Something that seems to cost a great deal is "expensive". Something that seems to cost little is "inexpensive". "Expenses of the table" are expenses for dining, refreshments, a feast, etc. In accounting, ''expense'' is any specific outflow of cash or other valuable assets from a person or company to another person or company. This outflow is generally one side of a trade for products or services that have equal or better current or future value to the buyer than to the seller. Technically, an expense is an event in which a proprietary stake is dimi ...
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Household
A household consists of two or more persons who live in the same dwelling. It may be of a single family or another type of person group. The household is the basic unit of analysis in many social, microeconomic and government models, and is important to economics and inheritance. Household models include families, blended families, shared housing, group homes, boarding houses, houses of multiple occupancy (UK), and single room occupancy (US). In feudal societies, the royal household and medieval households of the wealthy included servants and other retainers. Government definitions For statistical purposes in the United Kingdom, a household is defined as "one person or a group of people who have the accommodation as their only or main residence and for a group, either share at least one meal a day or share the living accommodation, that is, a living room or sitting room". The introduction of legislation to control houses of multiple occupations in the UK Housing Act (200 ...
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Non-profit Institution
A nonprofit organization (NPO) or non-profit organisation, also known as a non-business entity, not-for-profit organization, or nonprofit institution, is a legal entity organized and operated for a collective, public or social benefit, in contrast with an entity that operates as a business aiming to generate a profit for its owners. A nonprofit is subject to the non-distribution constraint: any revenues that exceed expenses must be committed to the organization's purpose, not taken by private parties. An array of organizations are nonprofit, including some political organizations, schools, business associations, churches, social clubs, and consumer cooperatives. Nonprofit entities may seek approval from governments to be tax-exempt, and some may also qualify to receive tax-deductible contributions, but an entity may incorporate as a nonprofit entity without securing tax-exempt status. Key aspects of nonprofits are accountability, trustworthiness, honesty, and openness to eve ...
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Central Government
A central government is the government that is a controlling power over a unitary state. Another distinct but sovereign political entity is a federal government, which may have distinct powers at various levels of government, authorized or delegated to it by the Federation and mutually agreed upon by each of the federated states. Though inappropriate, the adjective "central" is also sometimes used to describe the government of a federation, such as in India. The structure of central governments varies. Many countries have created autonomous regions by delegating powers from the central government to governments on a sub-national level, such as regional, state, provincial, local and other instances. Based on a broad definition of a basic political system, there are two or more levels of government that exist within an established territory and government through common institutions with overlapping or shared powers as prescribed by a constitution or other law. Common responsib ...
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Central Product Classification
The Central Product Classification (CPC) is a product classification for goods and services promulgated by the United Nations Statistical Commission. It is intended to be an international standard for organizing and analyzing data on industrial production, national accounts, trade, prices and so on. The European Union's '' Classification of Products by Activity'' (CPA) is based on CPC. See also *Classification of Types of Construction The Classification of types of construction (CC), is a nomenclature for the classification of constructions (i.e. buildings) according to their type. It is based on the CPC that was published by the United Nations in 1991. Its final version was app ... References * Central Product Classification (CPC) Version 2.1 (August 2015* Central Product Classification, CPC Version 2 (Dec 2008Parent page
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Classification Of The Purposes Of Non-Profit Institutions Serving Households
Classification is a process related to categorization, the process in which ideas and objects are recognized, differentiated and understood. Classification is the grouping of related facts into classes. It may also refer to: Business, organizations, and economics * Classification of customers, for marketing (as in Master data management) or for profitability (e.g. by Activity-based costing) * Classified information, as in legal or government documentation * Job classification, as in job analysis * Standard Industrial Classification, economic activities Mathematics * Attribute-value system, a basic knowledge representation framework * Classification theorems in mathematics * Mathematical classification, grouping mathematical objects based on a property that all those objects share * Statistical classification, identifying to which of a set of categories a new observation belongs, on the basis of a training set of data Media * Classification (literature), a figure of speech l ...
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Classification Of The Functions Of Government
Classification of the Functions of Government (COFOG) is a Categorization, classification defined by the United Nations Statistics Division. These functions are designed to be general enough to apply to the government of different countries. The accounts of each country in the United Nations are presented under these categories. The value of this is that the accounts of different countries can be compared. References External links CKAN COFOG Package
{{DEFAULTSORT:Classification Of The Functions Of Government Government Classification systems ...
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Financial Transaction
A financial transaction is an agreement, or communication, between a buyer and seller to exchange goods, services, or assets for payment. Any transaction involves a change in the status of the finances of two or more businesses or individuals. A financial transaction always involves one or more financial asset, most commonly money or another valuable item such as gold or silver. There are many types of financial transactions. The most common type, purchases, occur when a good, service, or other commodity is sold to a consumer in exchange for money. Most purchases are made with cash payments, including physical currency, debit cards, or cheques. The other main form of payment is credit, which gives immediate access to funds in exchange for repayment at a later date. History There is no evidence to support the theory that ancient civilizations worked on systems of barter. Instead, most historians believe that ancient cultures worked on principles of gift economy and debt. In a ...
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United Nations Economic And Social Council
The United Nations Economic and Social Council (ECOSOC; french: links=no, Conseil Ă©conomique et social des Nations unies, ) is one of the six principal organs of the United Nations, responsible for coordinating the economic and social fields of the organization, specifically in regards to the fifteen specialised agencies, the eight functional commissions, and the five regional commissions under its jurisdiction. ECOSOC serves as the central forum for discussing international economic and social issues, and formulating policy recommendations addressed to member states and the United Nations System. It has 54 members. In addition to a rotating membership of 54 UN member states, over 1,600 nongovernmental organizations have consultative status with the Council to participate in the work of the United Nations. ECOSOC holds one four-week session each year in July, and since 1998 has also held an annual meeting in April with finance ministers of heading key committees of the Worl ...
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Economic Taxonomy
An economic taxonomy is a system of classification of economic activity, including products, companies and industries. Some economists believe that the study of economic policy demands the use of a taxonomic/classificatory approach. Industry taxonomies Industry taxonomies include international, regional and national taxonomies and proprietary taxonomies. Official statistics taxonomies The international and national taxonomies are used by official statistical agencies. United Nations provide its International Standard Industrial Classification (ISIC) as a base for establishing regional taxonomies: * North America North American Industry Classification System (NAICS) ** United States Standard Industrial Classification (SIC) * Europe Statistical classification of economic activities in the European Community (NACE) ** United Kingdom Standard Industrial Classification of Economic Activities ** Russian Economic Activities Classification System (OKVED) Proprietary taxonomies ...
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