CONCEPTS AND DEFINITIONS
Eurostat's Concepts and Definitions Database

 

Term
Fourth Directive (of the Council on the annual accounts of certain types of companies) [repealed]
Term extension
Business statistics
Definition
A directive issued by the Council of the European Communities in 1978 (No. 78/660/EEC), concerning the harmonisation of company law and accounting practices in Member States.

[This directive was repealed by the "New Accounting Directive" (Directive 2013/34/EU of the European Parliament and of the Council of 26 June 2013, on the annual financial statements, consolidated financial statements and related reports of certain types of undertakings).]
Remark
This term is not defined in any of the sources of reference. The above source defines it as "An EU directive (1978) concerning the harmonization of company law and accounting practices in member states. It recognized five accounting concepts as fundamental: the accounting entity concept, the accruals concept, the consistency concept, the going-concern concept, and the prudence concept."

Having considered the point of view of an external user, we thought it would be better to include within the definition at least a reference to the Directive’s source (the Council) and the date of issue. As the Directive may be subject to change over time, it seemed useless to enter in details about its contents, as users are provided with all elements to easily retrieve the updated text through any search engine.
Source
European Statistical System (ESS), "Admin Data Glossary. Definitions adopted for certain terms related to the use of administrative data for producing business statistics", ESSnet Admin Data (Overview of MSs’ Existing Practices in the Uses of Administrative Data for Business Statistics), Deliverable 1.1, 2013
Hyperlink
http://www.cros-portal.eu/sites/default/files//SGA%202011_Deliverable_1.1.pdf
Other link(s)
Directive 2013/34/EU of the European Parliament and of the Council of 26 June 2013, on the annual financial statements, consolidated financial statements and related reports of certain types of undertakings
Link(s) to statistical data
- Does not exist!
Related terms
Term Term extension    
  • Accounting
  • General concept View
  • Accounting data
  • Business statistics View
  • Accounts data
  • Business statistics View
  • Accounting Directive
  • Business statistics View
    Statistical theme(s)
  • Economy and Finance
  • Top