Key facts
Code summary
Code 7020
Official title Management consultancy activities
Version PSIC 2019
Source layer PSA / BSP
Pr
PSIC 2019 Navigation-first hub Class 7020 - Management consultancy activities
PSIC Class 7020 covers Management consultancy activities. Current child subclasses include Management Consultancy Activities. This four-digit layer is useful when comparing neighboring activities before landing on the...
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Child codes
These are the next codes most users should open after this hub page.
About this level
Practical summary
Class 7020 sits in the PSIC 2019 hierarchy under M Professional, Scientific and Technical Activities > 70 Activities of Head Offices; Management Consultancy Activities > 702 Management consultancy activities. This class usually fans out into more specific subclasses such as Management Consultancy Activities. It is the level people use when they already know the activity family but still need the exact five-digit match.
Administrative context
Where this code is used
This class is used when a business can already narrow the activity family and only needs to compare the final subclasses such as Management Consultancy Activities. It is the level most often checked before a five-digit decision is finalized.
Selection note
How to choose it
Use this class to choose between its final subclasses such as Management Consultancy Activities. If two options look close, compare the exact activity, the outputs and the way the business actually earns revenue.
Official note
Source-backed description
This class includes the provision of advice, guidance and operational assistance to businesses and other organizations on management issues, such as strategic and organizational planning; decision areas that are financial in nature; marketing objectives and policies; human resource policies, practices and planning; production scheduling and control planning. This provision of business services may include advice, guidance or operational assistance to businesses and the public service regarding: public relations and communication; lobbying activities; design of accounting methods or procedures, cost accounting programs, budgetary control procedures; advice and help to business and public services in planning, organization, efficiency and control, management information etc. This class excludes: Design of computer software for accounting systems, see 6201; Legal advice and representation, see 6910; Accounting, bookkeeping and auditing activities, tax consulting, see 6920; Architectural, engineering and other technical advisory activities, see 7110, 7490; Advertising activities, see 7310; Market research and public opinion polling, see 7320; Executive placement or search consulting services, see 7810; Educational consulting activities, see 8560.
FAQ
What does PSIC Class 7020 cover?
PSIC Class 7020 is the four-digit layer that sits just above the final subclasses and usually defines the activity family for Management consultancy activities.
How do I compare Class 7020 with the sibling classes?
Read the neighboring classes and compare the exact wording of the child subclasses. Nearby options include nearby sibling codes.
Why does Class 7020 matter for a filing decision?
It is usually the last broad checkpoint before the five-digit subclass choice, so it is the right place to catch near-miss classifications.