consolidated financial statement | consolidated account

consolidation | consolidation of financial statements | consolidation accounting

System of Environmental-Economic Accounts | System of Integrated Environmental and Economic Accounting | SEEA [Abbr.]

consolidated financial statement

European accounting system [ ESA | European system of accounts | European system of integrated economic accounts | European system of national and regional accounts | European system of national and regional accounts in the European Union ]

In June 2006, the European Council called on the European Union and its Member States to extend the classical national accounts to the key aspects of sustainable development and to supplement the national accounts with fully consistent, integrated environmental economic accounts.

12. Supports the Commission‘s proposal to differentiate its aid for trade and to focus its efforts on the countries most in need, especially the least developed countries; recommends, nevertheless, that the Commission take account of a country’s general level of development and its needs, capacities and internal development inequalities, in addition to the standard indicators (gross national product, human capital and vulnerability to economic shocks); urges the Commission to take account of the principles of the Enhanced Integrated Framework (EIF) for the LDCs;

12. Supports the Commission‘s proposal to differentiate its aid for trade and to focus its efforts on the countries most in need, especially the least developed countries; recommends, nevertheless, that the Commission take account of a country’s general level of development and its needs, capacities and internal development inequalities, in addition to the standard indicators (gross national product, human capital and vulnerability to economic shocks); urges the Commission to take account of the principles of the Enhanced Integrated Framework (EIF) for the LDCs;

4. Notes the Commission's intention to achieve the above objectives by making MSY the yardstick for fisheries management, but warns that, for a large majority of scientists and also for the FAO, the traditional MSY model has been superseded by new cutting-edge approaches which consider the ecosystem in its entirety and incorporate, inter alia, aspects relating to the environment and species interrelation, and economic and social factors;