Difference between revisions of "Aggregation"

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== Definition ==
 
== Definition ==
'''Aggregation''' ,in accounting context, is the addition of assets, liabilities, equity, income or expenses that have similar characteristics and are included in the same [[Classification]]
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'''Aggregation''', in [[Accounting]] context, is the addition of assets, liabilities, equity, income or expenses that have similar characteristics and are included in the same [[Classification]].
  
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In [[Input-Output Model]] context, aggregation denotes the combination of detailed subgroups (of e.g. products, regions or sectors) to form a larger group. For example, detailed [[Item |I-O items]] are aggregated to I-O commodities, and detailed industries are aggregated to summary industries and sectors for publication.<ref>Concepts and Methods of the US Input-Output Accounts. K.J.Horowitz, M.A.Planting, 2009</ref>
  
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== References ==
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<references/>
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[[Category:EEIO]]
 
[[Category:Accounting]]
 
[[Category:Accounting]]

Latest revision as of 15:04, 16 November 2023

Definition

Aggregation, in Accounting context, is the addition of assets, liabilities, equity, income or expenses that have similar characteristics and are included in the same Classification.

In Input-Output Model context, aggregation denotes the combination of detailed subgroups (of e.g. products, regions or sectors) to form a larger group. For example, detailed I-O items are aggregated to I-O commodities, and detailed industries are aggregated to summary industries and sectors for publication.[1]

References

  1. Concepts and Methods of the US Input-Output Accounts. K.J.Horowitz, M.A.Planting, 2009