Previously, NPISHs were included along with households and unincorporated enterprises in the households sector.

Collecting data from small-sized and unincorporated enterprises is particularly difficult.

Furthermore, the GDP estimates should be exhaustive including estimates of the non-observed economy, own-account production, owner-occupied housing, small unincorporated enterprises and making imputations for survey non-response.

The need to provide more guidelines on how to cover and measure the activities of small units or unincorporated enterprises and how to deal with their high non-response rate was also recognized.

Jobs Income from employmenta Amount of labour costsa Amount of compensation of employeesa Amount of net operating surplus for self-employed persons (of unincorporated enterprises)a Normal or usual hours workeda Hours paid for

With respect to the definition contained in paragraph 3 of document A/CN.9/WG.V/WP.76, it was observed that the reference to unincorporated enterprises was necessary as those enterprises were subject to insolvency proceedings in a number of States.

The conversion of an unincorporated enterprise into a corporation The concepts of pre-incorporation profits, distributable profits and the purchase of an enterprise's own shares Accounting for joint ventures and associated enterprises (including IAS 34) Interim (i.e. other than year-end) financial reporting by enterprises Fair value accounting Accounting for financial instruments, such as derivatives and other hedging instruments (including IAS 32) Accounting for environmental cost and liabilities Accounting for governmental assistance (including IAS 20) The role and function of the special (national/regional) standard setting organizations

The preparation of accounts from incomplete information and records Partnership accounting, including accounting for the admission of partners, changes in capital and profit and loss-sharing ratios, and the retirement, dissolution and goodwill adjustments for partnership interests Accounting for proprietorships and other unincorporated enterprises Accounting for incorporated enterprises, including the preparation of financial and other statements for internal and external purposes Accounting and reporting for government organizations, including “fund” accounting Fundamentals of accounting for not-for-profit organizations Introduction to accounting for foreign subsidiaries and branches, and accounting for foreign currencies (including IASs 21, 27, 28 and 31)

The most important conclusions of the first meeting included: (a) the current International Recommendations on Statistics of the Distributive Trades and Services1 need to be revised in order to reflect new developments in the distributive trade sector, changing data needs, availability of new data sources, data-collection methods and recent revisions of the international recommendations in other areas of economic statistics; (b) the scope of distributive trade statistics should be defined as including wholesale trade, retail trade and the repair of motor vehicles and motorcycles; (c) a standard set of data items for distributive trade statistics, as well as definitions that are consistent with the definitions already approved by the Statistical Commission in related areas (for example, the system of national accounts and labour statistics), should be recommended; (d) advanced data-collection methods, including the extensive use of business register and existing administrative data sources with the aim of reducing costs and the respondent burden, should be promoted; (e) more guidelines on how to cover and measure the activities of small units or unincorporated enterprises should be provided; (f) recommendations regarding the compilation of indices of distributive trade, such as the index of retail trade and the index of wholesale trade, need to be developed.