\u00a0<\/span><\/p>\n An acronym is a word formed from the initial letters of a name or by combining initial letters of a series of words. <\/span><\/p>\n \u00a0<\/span><\/p>\n Types of abbreviations: <\/span><\/p>\n There are four main types of abbreviations; they are shortenings, contractions, initialisms and acronyms. <\/span><\/p>\n Generally, in shortenings the first few letters of the full form are taken.<\/span><\/p>\n They are spelled with a final period when they are still regarded as abbreviations.<\/span><\/p>\n Example: cont. = continued; in = inch. <\/span><\/p>\n \u00a0<\/span><\/p>\n In the cases when they form words in their own right, the period is omitted.<\/span><\/p>\n Such shortenings are often but not always informal. <\/span><\/p>\n Example: hippo = hippopotamus, limo = limousine<\/span><\/p>\n \u00a0<\/span><\/p>\n Some become the standard forms then the full forms are regarded as formal or technical.<\/span><\/p>\n Example: bus = omnibus; taxi = taxicab; deli = delicatessen; zoo = zoological garden. <\/span><\/p>\n \u00a0<\/span><\/p>\n Sometimes shortenings are altered to facilitate their pronunciation or spelling.<\/span><\/p>\n Example: bike = bicycle <\/span><\/p>\n \u00a0<\/span><\/p>\n Contractions are abbreviated forms in which letters from the middle of the full form have been omitted.<\/span><\/p>\n Example: Dr. = debit; Dr. = doctor; St. = saint or street. <\/span><\/p>\n Such forms are invariably followed by a period. <\/span><\/p>\n Another kind of contraction is the type with an apostrophe marking the omission of letters.<\/span><\/p>\n Example: can’t = cannot; didn’t = did not; you’ve = you have. <\/span><\/p>\n \u00a0<\/span><\/p>\n Initialisms are made up of the initial letters of words and are pronounced as separate letters.<\/span><\/p>\n Example: CIA C.I.A.; pm or p.m.; U.S. or US. <\/span><\/p>\n \u00a0<\/span><\/p>\n Acronyms are initialisms that have become words in their own right, or similar words formed from parts of several words.<\/span><\/p>\n They are pronounced as words rather than as a series of letters.<\/span><\/p>\n Example: AIDS; UNESCO; SAARC<\/span><\/p>\n In many cases, the acronym becomes the standard term and the full form is only used in explanatory contexts. <\/span><\/p>\n \u00a0<\/span><\/p>\n A<\/span><\/b><\/p>\n AAT<\/span> – Association of Accounting Technicians<\/span><\/p>\n ACIS – Associate of the Institute of Chartered Secretaries and Administrators<\/span><\/p>\n ACMA – Associate of the Chartered Institute of Management Accountants <\/span><\/p>\n A&A – audit and assurance <\/span><\/p>\n AAA – American Association of Attorney<\/span><\/p>\n AAA – Authentication Authorization Accounting <\/span><\/p>\n AAAA – Asian Academic Accounting Association <\/span><\/p>\n AAOIFI – Accounting and Auditing Organization of Islamic Financial Institutions (Bahrain) <\/span><\/p>\n AARF – Australian Accounting Research Foundation <\/span><\/p>\n AAS – Australian Accounting Standards <\/span><\/p>\n AASB – Australian Accounting Standards Board <\/span><\/p>\n AASOC – Auditing and Assurance Oversight Council (Canada) <\/span><\/p>\n ABB – activity based budgeting <\/span><\/p>\n ABC – activity based costing <\/span><\/p>\n ABI – Association of British Insurers (United Kingdom) <\/span><\/p>\n A\/c – account <\/span><\/p>\n A\/R – account receivable <\/span><\/p>\n ACCA – Association of Chartered Certified Accountants (United Kingdom) <\/span><\/p>\n ACCR – accrued <\/span><\/p>\n ACCT – accounting <\/span><\/p>\n ACEVO – Association of Chief Executives of Voluntary Organizations <\/span><\/p>\n ACGA – Asian Corporate Governance Association (ACGA) <\/span><\/p>\n AcSB – Accounting Standards Board in Canada <\/span><\/p>\n AcSOC – Accounting Standards Oversight Council (Canada) <\/span><\/p>\n ACT – Association of Corporate Treasurers (United Kingdorn); <\/span>a<\/span>dvance corporation tax<\/span><\/p>\n ADJ – adjustment <\/span><\/p>\n ADR – American Depository Receipts <\/span><\/p>\n ADT – auditing <\/span><\/p>\n AE – accrued expenses <\/span><\/p>\n AFAANZ – Accounting and Finance Association of Australia and New Zealand <\/span><\/p>\n AGF – Auditor General Form<\/span><\/p>\n AGM – annual general meeting <\/span><\/p>\n AIA – Association of International Accountants (United Kingdom) <\/span><\/p>\n AIBD – Association of International Bond Dealers <\/span><\/p>\n AICPA – American Institute of Certified Public Accountants <\/span><\/p>\n AIDB – Accountancy Investigation and Disciplinary Board (United Kingdom) <\/span><\/p>\n AIU – Audit Inspection Unit (United Kingdom) <\/span><\/p>\n AMEX – American Stock Exchange <\/span><\/p>\n AMPS – auction market preferred stock <\/span><\/p>\n A\/P – accounts payable <\/span><\/p>\n APB – Accounting Principles Board (United States) <\/span><\/p>\n APB – Auditing Practices Board (United Kingdom) <\/span><\/p>\n APEC \u2013 Asia Pacific Economic Cooperation <\/span><\/p>\n APR – annualized percentage rate <\/span><\/p>\n APT – Auditing Practices Committee (United Kingdom) <\/span><\/p>\n A\/R – accounts receivable <\/span><\/p>\n ARC – Accounting Regulatory Committee (European Union) <\/span><\/p>\n ARDF – Accounting Research and Development Foundation (Taiwan) <\/span><\/p>\n ARR – Accounting Rate of Return, Average Rate of Return <\/span><\/p>\n ASB – Accounting Standards Board (New Zealand, United Kingdom) <\/span><\/p>\n ASB – Auditing Standards Board (United States) <\/span><\/p>\n ASBJ – Accounting Standards Board of Japan <\/span><\/p>\n ASC – Accounting Standards Committee (United Kingdom) <\/span><\/p>\n ASCA – Arab Society of Certified Accountants <\/span><\/p>\n ASCPA – Australian Society of Certified Public Accountants <\/span><\/p>\n ASCS – American Society of Corporate Secretaries <\/span><\/p>\n ASSC – Accounting Standards Steering Committee (United Kingdom) <\/span><\/p>\n ASU – accounting standards update <\/span><\/p>\n AYB – actual year basis <\/span><\/p>\n AVC – additional voluntary contribution <\/span><\/p>\n AMT – alternative minimum tax<\/span><\/p>\n APACS – Association for Payment Clearing Services <\/span><\/p>\n APB – Accounting Principle Board; Auditing Practices Board<\/span><\/p>\n APC – Auditing Practices Committee<\/span><\/p>\n ASCII<\/span> – American Standard Code for Information Interchange<\/span><\/p>\n ASOBAT <\/span>– <\/span>a statement of basic accounting theory<\/span><\/p>\n ATII – Associate of the Taxation Institute Incorporated<\/span><\/p>\n AATT – Associate of the Association of Tax Technicians<\/span><\/p>\n AMPS – auction market preferred stock <\/span><\/p>\n AVCO<\/span> – average cost<\/span><\/p>\n ARM – adjustable-rate mortgage<\/span><\/p>\n \u00a0<\/span><\/p>\n \u00a0<\/span><\/p>\n Click on the book cover for <\/span>FREE<\/span> e<\/span>Book<\/span><\/p>\nACCOUNTING ACRONYMS TO KNOW <\/span><\/strong><\/span><\/h2>\n
1. Shortenings<\/span><\/b> <\/b><\/h3>\n
2. Contractions <\/span><\/b><\/h3>\n
3. Initialisms <\/span><\/b><\/h3>\n
4. Acronyms <\/span><\/b><\/h3>\n
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