Accounting Acronyms
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80 Terms
1
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A&A
Audit and Assurance
2
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AR
Accounts Receivable
3
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ASU
Accounting Standards Update
4
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AP
Accounts Payable
5
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ASB
Auditing Standards Board
6
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Big 4
PwC, Deloitte, EY, and KPMG
7
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BV
Business Valuation
8
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CPA
Certified Public Accountant
9
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CAQ
Center for Audit Quality
10
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CFO
Chief Financial Officer
11
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COO
Chief Operating Officer
12
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COGS
Cost of Goods Sold
13
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C2B
Consumer-to-Business
14
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CPU
Cost per Unit
15
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CR
Credit
16
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DR
Debit
17
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ERP
Enterprise Resource Planning
18
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FASB
Financial Accounting Standards Board
19
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FinREC
Financial Reporting Executive Committee
20
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GL
General Ledger
21
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GAAP
Generally Accepted Accounting Principles
22
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GAAS
Generally Accepted Auditing Standards
23
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GP
Gross Profit
24
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IPO
Initial Public Offering
25
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IASB
International Accounting Standards Board
26
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IFRS
International Financial Reporting Standards
27
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LOR
Letters of Response
28
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LLC
Limited Liability Company
29
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PAT
Profit After Tax
30
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PBT
Profit Before Tax
31
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PR
Purchase Requisition
32
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PCC
Private Company Council
33
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PRB
Peer Review Board
34
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P&L
Profit and Loss Statement
35
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PCAOB
Public Company Accounting Oversight Board
36
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PA
Public Accountant
37
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SOC
Service Organization Control
38
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SEC
Securities and Exchange Commission
39
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SOX
Sarbanes-Oxley Act
40
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VAT
Value-Added Tax
41
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ACCG/ACCT
Accounting
42
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ADT
Auditing
43
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BUS/BSN
Business
44
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CAP
Capital
45
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CF
Cash Flow
46
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CUR
Current
47
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CURR
Currency
48
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K
$1000
49
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ROI
Return on Investment
50
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VC
Venture Capital
51
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C+MV
Cost Plus Market Value
52
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C/S
Cost Sharing
53
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COS
Cost of Sales/Services
54
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EBITDA
Earnings Before Interest, Taxes, Depreciation, and Amortization
55
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EX/EXP
Expense
56
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F&A
Facilities and Administration Costs
57
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FD
Fund
58
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FE
Fixed Expenses
59
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GM
Gross Margin
60
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NI
Net Income
61
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OE (Expense)
Operation Expenses
62
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VE
Variable Expenses
63
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A
Asset
64
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ACCR
Accrued
65
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ADJ
Adjustment
66
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AE
Accrued Expenses
67
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BAL SH/BS
Balance Sheet
68
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BUDG
Budgeted
69
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CA
Current Assets
70
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CH/CHG/CHRG
Charge
71
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CL
Current Liabilities
72
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COE/Ke
Cost of Equity
73
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FA
Fixed Assets
74
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LTL
Long-Term Liabilities
75
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OE (Account)
Owner's Equity
76
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EA
Enrolled Agent
77
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PV
Present Value
78
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IRA/Roth IRA
Individual Retirement Account
79
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S-CORP
Subchapter S Corporation
80
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B&C
Bonds and Coupons