Acronyms

A2R: Account to report

AP: Accounts payable

AR: Accounts receivable

ASP/APAC/ASPAC: Asia Pacific

BPO: Business Process Outsourcing

BTG: Balance to go

BU: Business Unit

BVA: Budget versus actuals

CAPEX: Capital Expenditures

CC: Cost Center

CE: Cost element

CIA: Corporate Internal Audit (internal J&J)

CICO: Charge In/Charge Out

CM: Contribution margin

COE: Center of Excellence

COGS: Cost of goods sold

DOS: Days of supply

DSO: Days sales outstanding

EC: Executive Committee

EMEA: Europe, Middle East & Africa 

eMP: eMarketplace

FA: Functional area

FBP/BP: Final Business Plan

FIN: Finance

FLDP: Finance Leadership Development Program

FP&A: Financial planning and analysis

FTE: Full time employee

FY: Full year

GAAP: General Accepted Accounting Principles

GL: General ledger

GOC: Global operating company

GP: Gross profit

GTN: Gross to Net

GTS: Gross trade sales

HC: Headcount

HCC: Health Care Compliance

I2C: Invoice to cash

IO: Internal order

IT: Information technology

JU: June Update

KPI: Key performance indicator

LATAM/LAM: Latin America

LC: Local currency

LE: Legal Entity

LRFP: Long range financial planning

LT: Latest Thinking

LT: Leadership Team

LTI: Long term incentives

MD: Management decision

MNI: Management net income

MRC: Management Reporting Company

MRNI: Management reporting net income

NA/NAM: North America

Net income: bottom line

NR: Non-reportable headcount

NTS: Net trade sales

NU: November Update

OCNIS: Other costs not in standard

OOP: Out of pocket

OPEX: Operating expenses

P&L: Profit and loss statement (AKA income statement)

P2P: Procure to Pay

PII: Profit in inventory

PMO: Project Management Office

PO: Purchase order

PR: Purchase requisition

PY: Prior year

QA: Quality assurance

Q/Qtr: Quarter

R: Reportable headcount

R2P: Requisition to pay

SaaS: Software as a service

SFA: Senior Financial Analyst

SG&A: Selling, general & administrative

SKU: Stock keeping unit

SLOB: Slow moving and obsolete (inventory)

SME: Subject matter expert

SO: Sales Order

SOP: Standard operating procedure

SOW: Statement or Scope of Work

SOX: Sarbanes-Oxley Act

SP: SharePoint

STDS: Standards

T&E: Travel and entertainment

USD: Reported in US dollars

WACC: Weighted average cost of capital

WIP: Work in progress

WWP: Worldwide Procedures

YoY: Year over year