Accounting Acronym | Accounting Abbreviation | Accounting Short Form

 

 

ACCOUNTING ACRONYMS TO KNOW

An acronym is a word formed from the initial letters of a name or by combining initial letters of a series of words.

 

Types of abbreviations:

There are four main types of abbreviations; they are shortenings, contractions, initialisms and acronyms.

1. Shortenings

Generally, in shortenings the first few letters of the full form are taken.

They are spelled with a final period when they are still regarded as abbreviations.

Example: cont. = continued; in = inch.

 

In the cases when they form words in their own right, the period is omitted.

Such shortenings are often but not always informal.

Example: hippo = hippopotamus, limo = limousine

 

Some become the standard forms then the full forms are regarded as formal or technical.

Example: bus = omnibus; taxi = taxicab; deli = delicatessen; zoo = zoological garden.

 

Sometimes shortenings are altered to facilitate their pronunciation or spelling.

Example: bike = bicycle

 

2. Contractions

Contractions are abbreviated forms in which letters from the middle of the full form have been omitted.

Example: Dr. = debit; Dr. = doctor; St. = saint or street.

Such forms are invariably followed by a period.

Another kind of contraction is the type with an apostrophe marking the omission of letters.

Example: can’t = cannot; didn’t = did not; you’ve = you have.

 

3. Initialisms

Initialisms are made up of the initial letters of words and are pronounced as separate letters.

Example: CIA C.I.A.; pm or p.m.; U.S. or US.

 

4. Acronyms

Acronyms are initialisms that have become words in their own right, or similar words formed from parts of several words.

They are pronounced as words rather than as a series of letters.

Example: AIDS; UNESCO; SAARC

In many cases, the acronym becomes the standard term and the full form is only used in explanatory contexts.

 

A

AAT – Association of Accounting Technicians

ACIS – Associate of the Institute of Chartered Secretaries and Administrators

ACMA – Associate of the Chartered Institute of Management Accountants

A&A – audit and assurance

AAA – American Association of Attorney

AAA – Authentication Authorization Accounting

AAAA – Asian Academic Accounting Association

AAOIFI – Accounting and Auditing Organization of Islamic Financial Institutions (Bahrain)

AARF – Australian Accounting Research Foundation

AAS – Australian Accounting Standards

AASB – Australian Accounting Standards Board

AASOC – Auditing and Assurance Oversight Council (Canada)

ABB – activity based budgeting

ABC – activity based costing

ABI – Association of British Insurers (United Kingdom)

A/c – account

A/R – account receivable

ACCA – Association of Chartered Certified Accountants (United Kingdom)

ACCR – accrued

ACCT – accounting

ACEVO – Association of Chief Executives of Voluntary Organizations

ACGA – Asian Corporate Governance Association (ACGA)

AcSB – Accounting Standards Board in Canada

AcSOC – Accounting Standards Oversight Council (Canada)

ACT – Association of Corporate Treasurers (United Kingdorn); advance corporation tax

ADJ – adjustment

ADR – American Depository Receipts

ADT – auditing

AE – accrued expenses

AFAANZ – Accounting and Finance Association of Australia and New Zealand

AGF – Auditor General Form

AGM – annual general meeting

AIA – Association of International Accountants (United Kingdom)

AIBD – Association of International Bond Dealers

AICPA – American Institute of Certified Public Accountants

AIDB – Accountancy Investigation and Disciplinary Board (United Kingdom)

AIU – Audit Inspection Unit (United Kingdom)

AMEX – American Stock Exchange

AMPS – auction market preferred stock

A/P – accounts payable

APB – Accounting Principles Board (United States)

APB – Auditing Practices Board (United Kingdom)

APEC – Asia Pacific Economic Cooperation

APR – annualized percentage rate

APT – Auditing Practices Committee (United Kingdom)

A/R – accounts receivable

ARC – Accounting Regulatory Committee (European Union)

ARDF – Accounting Research and Development Foundation (Taiwan)

ARR – Accounting Rate of Return, Average Rate of Return

ASB – Accounting Standards Board (New Zealand, United Kingdom)

ASB – Auditing Standards Board (United States)

ASBJ – Accounting Standards Board of Japan

ASC – Accounting Standards Committee (United Kingdom)

ASCA – Arab Society of Certified Accountants

ASCPA – Australian Society of Certified Public Accountants

ASCS – American Society of Corporate Secretaries

ASSC – Accounting Standards Steering Committee (United Kingdom)

ASU – accounting standards update

AYB – actual year basis

AVC – additional voluntary contribution

AMT – alternative minimum tax

APACS – Association for Payment Clearing Services

APB – Accounting Principle Board; Auditing Practices Board

APC – Auditing Practices Committee

ASCII – American Standard Code for Information Interchange

ASOBAT – a statement of basic accounting theory

ATII – Associate of the Taxation Institute Incorporated

AATT – Associate of the Association of Tax Technicians

AMPS – auction market preferred stock

AVCO – average cost

ARM – adjustable-rate mortgage

 

 

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B

B&C – bond and coupon

b/d – brought down

b/f – balancing figure; brought forward

B/R – bills receivable

B2B – business to business

BAC – Business Accounting Council (Japan)

BACS – Bankers Automated Clearing System

BAFA – British Accounting and Finance Association

BAHA – British Association of Hospitality Accountants

BB – Bank of Bangladesh

BBA – British Accounting Association  

BDV – budget day value

BE – budget expenditure

BEA – break-even analysis

BEP – break-even point

BES – business expansion scheme

BGC – bank giro credit

BOD – bank overdraft

BOE – Bank of England

BOJ – Bank of Japan

BRS – bank reconciliation statement

BS – balance sheet

BSE – Bombay Stock Exchange

BSV – book salvage value

BUDG – budgeted

BV – book value

BV – business valuation

 

Keep in Mind

Stock Exchange in SAARC
Countries	Name of stock exchange
Afghanistan	Afghanistan Stock Exchange, Dhaka, Kabul, Afghanistan
Bangladesh	Dhaka Stock Exchange, Dhaka, Bangladesh
Bhutan	Royal Security Stock Exchange, Thimphu, Bhutan
India	Bombay Stock Exchange, Mumbai, India
Maldives	Maldives Stock Exchange, Male, Maldives
Nepal	Nepal Stock Exchange, Kathmandu, Nepal
Pakistan	Karachi Stock Exchange, Karachi, Pakistan
Sri-Lanka	Colombo Stock Exchange, Colombo, Sri Lanka

 

 

C

C&F – carried and forward

c/d – carried down

C/S – cost sharing

C+MV – cost plus market value

C2B – consumer-to-business

CA – Chartered Accountants

CA – current asset

CAATs – computer-assisted audit techniques

CAC – Corporate Affairs Commission

CAFA – comprehensive annual financial report

CAMA – Company Allied Matter Act

CAPA – Confederation of Asia and Pacific Accountants

CapEx – capital expenditure

CAPM – capital asset pricing model

CAPM – capital asset pricing model; Certified Associate in Project Management

CAQ – center for audit quality

CASB – Cost Accounting Standard Board

CASC – China Accounting Standards Committee

CBA – cost-benefit analysis

CBS – Consolidated Balance Sheet

CBSL – Central Bank of Sri Lanka

CCA – current cost accounting

CCAB – Consultative Committee of Accountancy Bodies

CCAB – Consultative Committee of Accountancy Bodies (United Kingdom)

CCAR – current cost accounting reserve  

CCE – current cash equivalent

CD – certificate of deposit; cost driver

CEDEL – Central de Livraison de Valeurs Mobilieres

CEO – Chief Executive Officer

CESR – Council of European Security Regulators

CETR – capital employed turnover ratio

CFAT – cash inflow after tax and depreciation

CFC – Conselho Federal de Contabilidade (Brazil)

CFO – Chief Finance Officer

CFO – Chief Financial Officer

CFP – Certified Financial Planner

CFTDR – cash flow to total debt ratio

CGA – Certified General Accountants Association of Canada

CGT – capital gain tax

CGU – cash generating unit

CHAPS – Clearing House Automated Payment System

CHIPS – Clearing House Interbank Payments System

CIA – Certified Internal Auditor (United States)

CICA – Canadian Institute of Chartered Accountants

CICPA – Chinese Institute of Certified Public Accountants

CIMA – Chartered Institute of Management Accountants (United Kingdom)

CIPFA – Chartered Institute of Public Finance and Accountancy (United Kingdom)

CIT – Chartered Institute of Taxation (United Kingdom)

CITA – Company Income Tax Act

CL – current liability

CMA – Certified Management Accountant

CMA – Certified Management Accountants (Canada)

CMO – collateralized mortgage obligation

CNC – Conseil National de la Comptabilite (France)

CoCoA – continuously contemporary accounting

COE or Ke – cost of equity

COGS – cost of goods sold

COO – Chief Operating Officer

COSA – cost of sales adjustment

CPA – Certified Public Accountant

CPA -Certified Public Accountants

CPI – consumer price index

CPM – cost per mile

CPP – current purchasing power

CPP Accounting – current purchasing power accounting

CPPM – current purchasing power method

CPU – cost per unit

Cr – credit

CRO – Company Registrar Office

CSR – corporate social responsibility

CSV – cash salvage value

CT – corporate tax

CTR – capital turnover ratio

CTT – capital transfer tax

CULS – converted unsecured loan stock

CULS – convertible unsecured loan stock

CV – cash value

CVPA – cost-volume-profit analysis

 

 

D

DASC – Danish Accounting Standards Committee

DAB – Da Afghanistan Bank

DBM – declining balance method; diminishing balance method

DBMS – database management system

DBR – Drum-Buffer-Rope

DC – direct cost

DCF – discounted cash flow

DCV – direct charge voucher

DDBM – double declining balance method

Dmat account – dematerialised account

Depn – depreciation

DER – debt equity ratio

DJIA – Dow Jones Industrial Average

DL – direct labour

DP – data processing

DPS – dividends per share

Dr – debit

DSS – decision support system

DTCO – District Treasury and Comptroller Office

DTP – desktop publishing

 

E

EAA – European Accounting Association

EAA – European Accounting Association

EAT – earnings after tax

EBIT – earnings before interest and taxes

EBITDA – earnings before interest, taxes, depreciation and amortization

EBP – Employee Benefit Plan

EBT – earnings before tax

ECG – European Corporate Governance Institute

ECGD – Export Credits Guarantee Department

ECGI – European Corporate Governance Institute

ECB – European Central Bank

ECP – Euro Commercial Paper

ECU – European Currency Unit

EDGAR – electronic data gathering, analysis, and retrieval system

EDI – electronic data interchange

EDP – electronic data processing

EFRAG – European Financial Reporting Advisory Group

EFT – electronic funds transfer

EFTPOS – electronic funds transfer at point of sale

EGM – extraordinary general meeting

EIC – Emerging Issues Committee (Canada)

EIS – enterprise investment scheme

EIS – Enterprise investment scheme

EITF – Emerging Issues Task Force

EMH – efficient market hypothesis

EMS – European Monetary System

EMS – European Monetary System

EMU – economic and monetary union

EMV – expected monetary value

EOQ – economic order quantity

EPS – earnings per share

ERP – enterprise resource planning

ESOP – employee share ownership plan

ESOT – employee share ownership trust

ETF – electronic transfer of funds

EV – expected value

EVA – economic value added

Exp – expense

 

 

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F

F&A – facilities and administrative costs

F&F – furniture and fixture

FA – fixed assets

FACPCE – Federacion Argentina de Consejos Profesionales de Ciencias

FAF – Financial Accounting Foundation

FAF – Financial Accounting Foundation (United States)

FARR – Financial Accounting and Reporting Rules for Entities (China)

FAS – financial accounting standards

FASAC – Financial Accounting Standards Advisory Council (United States)

FASB – Financial Accounting Standards Board

FASB – Financial Accounting Standards Board (United States)

FASC – Financial Accounting Standards Committee (Taiwan)

FASF – Financial Accounting Standards Foundation (Japan)

FATR – fixed assets turnover ratio

FC – fixed cost

FD – fixed deposit

FDR – Federal Reserve Bank

FE – fixed expenses

FEE – Federation des Experts Comptables Europeens (Belgium)

FER – Fachempfehlungen zur Rechnungslegung – Swiss GAAP (Switzerland)

FFO – funds from operation

FIAO – free in and out

FIDEF – Federation Internationale des Experts Comptables Francophones (France)

FIFO – first in, first out

FII – franked investment income

FIM – fixed installment method

FIMBRA – Financial Intermediaries, Managers and Brokers Regulatory Association

FinREC – Financial Reporting Executive Committee

FMCG – fast-moving consumer goods

FOB – free on board

FOEV – fixed overhead expenditure variance

Forex – foreign exchange

FOTV – fixed overhead total variance

FOVV – fixed overhead volume variance

FRA – forward rate agreement

FRA – forward-rate agreement

FRC – Financial Reporting Council

FRC – Financial Reporting Council (United Kingdom)

FRED – Financial Reporting Exposure Draft (United Kingdom)

FRF – Financial Reporting Foundation (Malaysia)

FRN – floating-rate note

FRR – Financial Reporting Release (United States)

FRRP – Financial Reporting Review Panel (United Kingdom)

FRS – Federal Reserve System

FRS – Financial Reporting Standards (New Zealand, United Kingdom)

FRSB – Financial Reporting Standards Board (New Zealand)

FRSSE – financial reporting standard for smaller entities

FRSSE – Financial Reporting Standard for Smaller Entities (United Kingdom)

FSA – Financial Services Act (1986)

FSR – Foreningen af Stalsautoriserede Revisorer (Denmark)

FV – future value

FX – foreign exchange

FY – financial year; fiscal year

 

 

G

G5 – group five (France, Germany, Japan, the United Kingdom and the United States)

G8 – group eight (Canada, France, Germany, Italy, Japan, Russia, the United Kingdom and the United States)

GA – gearing adjustment

GAAP – generally accepted accounting principles

GAAS – generally accepted auditing standards

GAGAP – generally accepted government accounting principles

GAO – Government Accountability Office

GASB – Government Accounting Standards Board (United States)

GDP – gross domestic product.

GL – general ledger

GM – gross margin

GNP – gross national product

GP – gross profit

GPFS – general purpose financial statements

GPM – gross profit margin

GPR – gross profit ratio

GR – gearing ratio

GRN – goods received note

GSCCAB – Gibraltar Society of Charter Certified Accountancy Bodies

GST – goods and service tax

 

 

 

H

HC – holding company

HCA – historical cost accounting

HIP – human-information processing

HKICPA – Hong Kong Institute of Certified Public Accountants

HKSE – Hong Kong Stock Exchange

 

I

IAAER – International Association for Accounting Education and Research

IAASB – International Auditing and Assurance Standards Board

IAB – International Association of Bookkeepers

IAFEI – International Association of Financial Executives Institutes

IAPA – International Association of Practising Accountants (United Kingdom)

IAPC – International Auditing Practices Committee

IAS – International Accounting Standard

IASB – International Accounting Standards Board

IASC – International Accounting Standards Committee

IBRD – International Bank for Reconstruction and Development

ICAA – Institute of Chartered Accountants in Australia

ICAC – Instituto de Contabilidad y Auditoria de Cuentas (Spain)

ICAEW – Institute of Chartered Accountants in England and Wales

ICAI – Institute of Chartered Accountants in Ireland

ICAN – Institute of Chartered Accountants of Nepal

ICAN – Institute of Chartered Accountants of Nigeria

ICANZ – Institute of Chartered Accountants of New Zealand

ICAS – Institute of Chartered Accountants of Scotland

ICQ – internal control questionnaire

ICSA – Institute of Chartered Secretaries and Administrators (United Kingdom)

IFAC – International Federation of Accountants (United States)

IFAD – International Forum for Accountancy Development

IFAEC – International Federation of Accountants Education Committee

IFRIC – International Financial Reporting Interpretations Committee (IASB)

IFRS – International Financial Reporting Standard

IGC – Implementation Guidance Committee

IHT – inheritance tax

IHT – inheritance tax

IIA – Institute of Internal Auditors

IMA – Institute of Management Accountants (United States)

IMF – International Monetary Fund

IMRO – Investment Management Regulatory Organisation

INTOSAI – International Organization of Supreme Audit Institutions (Austria)

IOSCO – International Organisation for Securities Commission

IOSCO – International Organization for Securities Commissions

IPO – Initial Public Offering

IPSAS – International Public Sector Accounting Standards

IRA – individual retirement account

IRFAA- International Regional Federation of Accountants and Auditors EURASIA “Eurasia”

IRR – internal rate of return

IRS – internal revenue service

ISA – individual savings accounts

ISA – International Standards on Auditing

ISACA – Information Systems Audit and Control Association (United States)

ISAR – United Nations Intergovernmental Work Group of Experts on International Standard: Accounting and Reporting

ISO – International Organization for Standardization

IT – income tax

IT – information technology

ITF – integrated test facility

ITR – inventory turnover ratio

IVSC – International Valuation Standards Committee (United Kingdom)

 

 

Keep in Mind

Types of ISO Certifications
ISO 9001	Quality Management System (QMS)
ISO 10002	Quality Management Customer Satisfaction
ISO 13485	Medical Devices Quality Management System (QMS)
ISO 14001	Environmental Management System (EMS)
ISO 20000	IT Service Management System (ITSM)
ISO 22000	Food and Safety Management System (FSMS)
ISO 22301	Business Continuity Management System (BCMS)
ISO 26000:2010	Social Responsibility Awareness
ISO 27001	Information Security Management System (ISMS)
ISO 29001	Oil and Gas Management System (OGMS)
ISO 29990	Quality Management System – Non-Formal Education and Training
ISO 31000	Risk Management
ISO 45001	Occupational Health & Safety Management System
ISO 50001	Energy Management System (EnMS)

 

 

J

JICPA – Japanese Institute of Certified Public Accountants

JIT – just-in-time

JDS – joint disciplinary scheme

 

K

KASB – Korean Accounting Standards Board

K – real risk free rate of interest

 

L

L/C – letter of credit

LAN – local area network

LAUTRO – Life Assurance and Unit Trust Regulatory Organisation

LBO – leveraged buy out

LBO – leveraged buyout

LF – ledger folio number

LH – labour hours

LIAB – Licentiate of the International Association of Book-keepers

LIBID – London Inter-Bank Bid Rate

LIBOR – London Inter-Bank Offered Rate

LIFFE – London International Financial Futures and Options Exchange

LIFFE – London International Financial Futures and Options Exchange

LIFO – last in, first out

LIMEAN – London Inter-Bank Mean Rate

LLC – Limited Liability Company

LOR – letters of response

LSE – London Stock Exchange

Ltd – Limited

LTL – long-term liabilities

 

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M

M/s – messrs

MAS – Malaysian Accounting Standards

MASB – Malaysian Accounting Standards Board

MBO – management by objectives; management buy out

MCT – mainstream corporation tax

MD&A – management discussion and analysis

MD&A – Management Discussion and Analysis (United States)

MH – machine hours

MIRAS – mortgage interest relief at source

MIS – management information systems

MLA – mandatory liquid assets

MLA – mandatory liquid assets

MMA – Maldivian Monetary Authority

MMC – Monopolies and Mergers Commission

MOS – margin of safety

MRN – materials returns note

MRP – maximum retail price

MTN – medium-term note

MVA – market value added

MWC – monetary working capital

MWCA – monetary working capital adjustment

 

N

N/R – notes receivable

NAA – National Association of Accountants

NAO – National Audit Office

NASD – National Association of Security Dealers

NASDAQ – National Association of Security Dealers Automated Quotation System

NAV – net asset value

NBFC – Non-Banking Financial Company

NBV – net book value

NBV – net book value

NCA – non-current asset

NCFFA – net cash from financing activities

NCFIA – net cash from investing activities

NCFOA – net cash from operating activities

NCL – non-current liability

NCO – net capital outlay

NEPSE – Nepal Stock Exchange

NI – net income

NIC – National Insurance Contribution

NIFO – next-in-first-out

NIFO cost – next-in-first-out cost

NIT – negative income tax

NPO – non-for-profit organisation; non-profit organisation

NPV – net present value

NRB – Nepal Rastra Bank

NRS – Norsk RegnskapsStiftelse (Norway)

NRV – net realizable value

NRV – net realizable value

NSC – National Savings Certificates

NSF – non-sufficient funds

NYSE – New York Stock Exchange

 

O

O/s – Outstanding

OBSF – off balance sheet fiancé; off balance sheet financing

OCM – original cost method

OD – overdraft

OE – operation expenses

OE – owner’s equity

OECD – Organization for Economic Cooperation and Development

OFT – office of fair trading

OMV – open-market value

OPEB – other post-retirement employee benefit

OTC market – over-the-counter market

 

P

(P) – private

P&L – profit and loss

P/D ratio – price-dividend ratio

P/V ratio – profit volume ratio

PA – Public Accountant

PAC – Public Accounting Council (Canada)

PAN – permanent account number

PAT – profit after tax

PAYE – pay as you earn

PBD – provision for bad debts

PBP- payback period

PBT – profit before tax

PC – purchase consideration

PCAOB – Public Company Accounting Oversight Board (United States)

PCB – petty cash book

PCC – Private Company Council

PCF – petty cash fund

PCP – permissible capital payment 

PDD – provision for doubtful debts

PDR – price dividend ratio

PEP – personal equity plan

PER – price earnings ratio

PERT – programme evaluation and review technique

PET – potentially exempt transfer

PI – profitability index

PIA – Personal Investment Authority

PIBS – permanent interest bearing share

PINC – property income certificate

PITA – Personal Income Tax Act

PLC – Public Limited Company

POBA – Professional Oversight Board for Accountancy (United Kingdom)

POS – point of sale

PR – purchase requisition

PRB – Peer Review Board

Prop – proprietor

PRP – profit-related pay

PRT – petroleum revenue tax

PSAB – Public Sector Accounting Board (Canada)

PSASB – Public Sector Accounting Standards Board (Australia)

PSBR – public sector borrowing requirement

PSR – profit-sharing ratio

Pte – private

PV – profit volume

PV – purchase value

Pvt – private

Pvt Ltd – Private Limited

PYB – preceding year basis

PYB – preceding-year basis

 

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Q

QC – quality control

ql – quintal

Qly – quality

Qn – question

Q or Qtr – quarter

Qty – quantity

QR – quick ratio

QR code – quick response code

 

R

® – registered

R&D – research and development

R&M – repairs and maintenance

RAFT – revolving acceptance facility by tender

RAFT – revolving acceptance facility by tender

RBA – Reserve Bank of Australia

RBI – Reserve Bank of India

RBNZ – Reserve Bank of New Zealand

Ref – reference

REIT – Real Estate Investment Trust

REMIC – Real Estate Mortgage Investment Conduit

RI – residual income

RIC – Regulated Investment Company

RM – raw materials

RMA – Royal Monetary Authority of Bhutan

RNS – Regulatory News Service

RNS – Regulatory News Service (United Kingdom)

ROA – return on assets

ROB – Recognized Qualifying Body (United Kingdom)

ROCE – return on capital employed

ROCE – return on capital employed

ROCE – return on capital employed

ROE – return on equity

ROE – return on equity

ROI – return on investment

ROI – return on investment

ROL – reorder level

ROR – rate of return

ROS – return on sales

ROSE – return on shareholder’s equity

RPB – recognized professional body

RPB – recognized professional body

RPI – retail price index

RPI – retail price index

 

S

S&D – selling and distribution

SAC – Standards Advisory Council

SAM – simple average method

SAS – Statement of Accounting Standards

SAYE – save as you earn

SCARF – systems control and review file

SEAQ – Stock Exchange Automated Quotations System

SEBI – Security and Exchange Board of India

SEC – Securities and Exchange Commission (United States)

SEDAR – System for Electronic Document Analysis and Retrieval (Canada)

SEEPAD – South Eastern European Partnership on Accountancy Development

SEP – simplified employee pension

SERPS – State Earning-Related Pension Scheme

SFA – Securities and Futures Authority Ltd

SFAC – Standards of Financial Accounting Concepts (United States)

SFAS – Statement of Financial Accounting Standards (United States)

SFC – Securities and Futures Commission (Taiwan)

SFO – Serious Fraud Office

SIA – Securities Industry Association

SIAS – Statement on Internal Auditing Standards

SIAT – Society of International Accounting Technicians (United Kingdom)

SIB – Securities and Investment Board

SIC – Standards Interpretations Committee

SLM – straight line method

SN – serial number

SNB – Swiss National Bank

SNIF – short-term note issuance facility

SOC – service organization control

SORP – statement of recommended practice

SOX – Sarbanes Oxley Act 2002

SPB – State Bank of Pakistan

SPE – special purpose entities

SPV – special purpose vehicles

Sr – serial

SRN – stores returns note

SRN – stores returns note

SRO – Self-Regulating Organisation

SSAP – statement of standard accounting practice

SSAP – Statement of Standards Accounting Practice (United Kingdom)

SSP – statutory sick pay

SVC – semi-variable cost

SWOT – strengths, weaknesses, opportunities and threats

SYS – single entry system

 

T

TA – tax avoidance

TAR – throughput accounting ratio

TATR – total assets turnover ratio

T-bill – treasury bill

T-bond – treasury bond

TE – tax evasion

Tech – technology

TESSA – tax exempt special saving scheme

TFOSS – Task Force on Standards Setting (Canada)

TIN – Taxpayer Identification Number

TL – tax liability

TLF – transferable loan facility

TOC – theory of constraints

TV – terminal value

TWDV – tax written down value

 

U

UAA – Uniform Accountancy Act

UITF – Urgent issues Task Force

UITF – Urgent Issues Task Force (United Kingdom)

UNCTAD – United Nations Conference on Trade and Development

USAID – U.S. Agency for International Development

USM – unlisted securities market

 

V

VAT – value added tax

VC – variable cost; venture capital

VE – variable expenses

VRN – variable-rate note

 

W

WAC – weighted-average cost

WACC – weight average cost of capital

WACM – weighted-average cost method

WAM – weighted average method

WC – working capital

WDA – writing-down allowance

WDV – written-down value

WIP – work-in-progress; work-in-process

 

Z

ZBB – zero-base budget

ZPG – zero population growth

 

Digit

24/7 – all time

401 (k) – retirement plan in the USA

52-weeks – of the past year

420 – fraud and cheating

 

 

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