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CURRENT OPERATING PERFORMANCE CONCEPT (COPC)

Statistics Directorate    
Definition:
The application of the current operating performance concept (COPC) is one of the two main approaches to measuring earnings. The concept is explained in the International Accounting Standard No.8, “Unusual and Prior Period Items and Changes in Accounting Policy”. When earnings are measured on the basis of this concept, such earnings consist of income from normal enterprise operations before non-recurring items (such as write-offs) and capital gains and losses are accounted for.

Source Publication:
Report on the Survey of Implementation of Implementation of Methodological Standards for Direct Investment – IMF, OECD, March 2000 – Appendix II: Glossary of Foreign Direct Investment Terms.

Cross References:
All-inclusive concept

Hyperlink:
http://www.imf.org/external/bopage/pdf/mar2000.pdf

Statistical Theme: Financial statistics - Foreign direct investment

Created on Tuesday, September 25, 2001

Last updated on Wednesday, January 04, 2006