Establishment

Status: This standard was approved as a departmental standard on July 15, 1998.

Definition

Establishment refers to the level at which accounting data required to measure production is available (principal inputs, revenues, salaries and wages). The establishment, as a statistical unit, is defined as the most homogeneous unit of production for which the business maintains accounting records from which it is possible to assemble all the data elements required to compile the full structure of the gross value of production (total sales or shipments, and inventories), the cost of materials and services, and labour and capital used in production.

Relation to previous version

  • Establishment July 15, 1998 to current

    This is the current standard.

Date modified: