Quarterly Survey of Financial Statements (QSFS)

Operating expense of enterprise, type

Operating expense refers to all expenses, other than financing expenses and income taxes, incurred in the normal course of business, including cost of goods sold, selling and administrative expenses and all other operating expenses.

Enterprise refers to the highest level of the Business Register statistical hierarchy. In alignment with the System of National Accounts, it is defined as an institutional unit that directs and controls the allocation of resources relating to its operations, and for which financial statements are maintained from which international transactions, an international investment position and a financial position for the unit can be derived. Enterprises can be corporations, quasi-corporations, institutions, or unincorporated businesses such as sole proprietors or partnerships. For incorporated enterprises, financial statements can be consolidated.

The data for this variable are reported using the following classifications and/or lists:

• Operating expenses of financial statement