AAA Accumulated Adjustments Account
AAA American Accounting Association
AAA Association of Accounting Administrators
AAA-CPA American Association of Attorney-Certified Public Accountants
AACSB American Assembly of Collegiate Schools of Business
AAER Accounting and Auditing Releases
AAFI Associated Accounting Firms International
AAG Audit and Accounting Guides
AAHCPA American Association of Hispanic CPAs
ABA American Bar Association
ACA Accreditation Council for Accountancy
ACC-SOP Accounting Standards Executive Committee Statements of Position
ACCPA Atlantic Conference of CPAs, Inc.
ACRS Accelerated Cost Recovery System
AcSEC Accounting Standards Executive Committee
ADAPSO Association of Data Processing Service Organizations
ADR Asset Depreciation Range
AFA Accounting Firms Associated, Inc.
AFDC Aid to Families With Dependent Children
AFR Applicable Federal Rate
AGA Association of Government Accountants
AGI Accounting Group International
AGI Adjusted Gross Income
AI Artificial Intelligence
AICPA American Institute of Certified Public Accountants
AIS Accounting Information System
AISG Accountants International Study Group
AMA American Management Association
AMT Alternative Minimum Tax
AMTI Alternative Minimum Taxable Income
APB Accounting Principles Board
APBI Accounting Principles Board Interprestations
APBO Accounting Principles Board Opinions
API Accountants for the Public Interest
APBS Accounting Principles Board Statements
ARA Accounting Research Association
ARB Accounting Research Bulletins
ARAF Associated Regional Accounting Firms
ARIA Accounting Researchers International Association
ARSC Accounting and Review Services Committee
ASAE American Society of Association Executives
ASB Auditing Standards Board
ASECPB ACSEC Practice Bulletins
ASR Accounting Series Releases
ASCII American Standard Code for Information Exchange
ASLGU Audits of State and Local Governmental Units
ASWA American Society of Women Accountants
ATB Accounting Terminology Bulletins
ATRA American Tort Reform Association
AUDSEC Auditing Standards Executive Committee
AUD-SOP Auditing Standards Division Statements of Position
AUG Industry Audit Guides
AUI Auditing Interpretations
AWSCPA American Woman's Society of Certified Public Accountants
BASIC Beginners All-purpose Symbolic Instruction Code
BCD Binary Coded Decimal
BOM Bill of Materials
BPR Business Process Re-Engineering
CAFR Comprehensive Annual Financial Report
CART Committee Appointed Review Team
CAPM Capital Asset Pricing Model
CASB Cost Accounting Standards Board
CB Cummulative Bulletin
CBO Congressional Budget Office
CCH Commerce Clearing House
CD Certificate of Deposit
CE Continuing Education
CEO Chief Executive Officer
CFA Chartered Financial Analyst
CFC Controlled Foreign Corporatation
CFO Chief Financial Officer
CFP Certified Financial Planner
ChFC Chartered Financial Consultant
CIA Certified Internal Auditor
CIC Chartered Investment Counselor
CICA Canadian Institute of Chartered Accountants
CIMC Certified Investment Management Consultant
CIMS Certified Investment Management Specialist
CISA Certified Information Systems Auditor
CLADR Class Life Asset Depreciation Range
CM Contribution Margin
CMA Certified Management Accountant
COBOL Common Business Oriented Language
COLA Cost of Living Adjustment
CODA Cash or Deferred Arrangement (401K)
COO Chief Operating Officer
COSO Committee of Sponsoring Organizations of the Treadway Commission
CPA Certified Public Accountant
CPA/PFS Certified Public Accountant/Personal Financial Specialist
CPA/SEA Certified Public Accountants' Society Executives Association
CPE Continuing Professional Education
CPI Consumer Price Index
CPM Critical Path Method
CPU Central Processing Unit
CRS Congressional Research Service
CRT Cathode Ray Tube
CSI Computer Security Institute
CVAS Clearinghouse For Volunteer Accountants -- Free Accounting Services
CVP Cost-Volume-Profit
DBMS Data Base Management System
DCAA Defense Contract Audit Agency
DCF Discounted Cash Flow
DIF Data Interchange Format
DISC Domestic International Sales Corporation
DNI Distributable Net Income
DSS Decision Support System
DUS Dollar Unit Sampling
EC Electronic Commerce
ED Exposure Draft
EDI Electronic Data Interchange
EDMAX Educational Management Exchange
EDP Electronic Data Processing
EDPAA EDP Auditors Association
EDPAF EDP Auditors Foundation
EFTS Electronic Fund Transfer System
EIC Earned Income Credit
EITF Emerging Issues Task Force
EOQ Economic Order Quantity
EPS Earnings Per Share
ERISA Employee Retirement Income Security Act of 1974
ERTA Economic Recovery Tax Act of 1981
ESCORP Examination Services Corporation
ESOP Employee Stock Option Plan
ET Code of Professional Conduct
ETBYLAW Bylaws of the American Institute of Certified Public Accountants
FAE Foundation for Accounting Education
FAF Financial Accounting Foundation
FAS Financial Accounting Standards
FASAC Financial Accounting Standards Advisory Committee
FASAB Federal Accounting Standards Advisory Board
FASB Financial Accounting Standards Board
FASC Concepts Statements of the Financial Accounting Standards Board
FASBI Financial Accounting Standards Board Interpretations
FASBS Statements of the Financial Accounting Standards Board
FASBT Financial Accounting Standards Board Technical Bulletins
FCPA Foreign Corrupt Practices Act
FDIC Federal Deposit Insurance Corporation
FEI Financial Executives Institute
FEITFIS FASB Emerging Issues Task Force Issue Summaries
FEITFM FASB Emerging Issues Task Force Minutes of Meetings
FERF Financial Executives Research Foundation
FGAA Federal Government Accountant's Association
FICA Federal Insurance Contributions Act
FIFO First-in, First-out
FLSA Fair Labor Standards Act
FOB Free-on-Board
FOF Firm-on-Firm Review
FORTRAN Formula Translation
FR Federal Register
FRR Financial Reporting Releases
FS Financial Statement
FSA Federation of Schools of Accountancy
FSC Foreign Sales Corporation
FTC Federal Trade Commission
FTD Federal Tax Deposit
FUTA Federal Unemployment Tax ACT
GAAFR Governmental Accounting, Auditing, and Financial Reporting
GAAP Generally Accepted Accounting Principles
GAAS Generally Accepted Auditing Standards
GAGAS Generally Accepted Government Auditing Standards
GAO General Accounting Office
GAS Governmental Accounting Standards
GASB Governmental Accounting Standards Board
GASBC Concepts Statements of the Governmental Accounting Standards Board
GASB-COD Governmental Accounting Standards Board Codification
GASBI Governmental Accounting Standards Board Interpretations
GASBS Statements of the Governmental Accounting Standards Board
GASBT Governmental Accounting Standards Board Technical Bulletions
GDP Gross Domestic Product
GFOA Government Finance Officers Association
GL General Ledger
GTT General Agreement on Tariffs and Trades
HFMA Healthcare Financial Management Association
IAA Internal Accounting Association
IAAA Inter-American Accounting Association
IAFP International Association for Financial Planning
IAG International Auditing Guidelines
IAHA International Association of Hospitality Accountants
IAI Independent Accountants International
IAPC International Auditing Practices Committee
IAS International Accounting Standards
IASC International Accounting Standards Committee
IBRD International Bank for Reconstruction and Development
IC Internal Control
ICA International Congress of Accountants
ICFA Institute of Chartered Financial Analysts
ICFP Institute for Certified Financial Planners
ID Identification
IDB Industrial Development Bond
IDC Intangible Drilling Cost
IFA International Federation of Accountants
IFPS Interactive Financial Planning System
IG Inspector General
IGAF International Group of Accounting Firms
IIA Institute of Internal Auditors
IMA Institute of Management Accountants
IMF International Monetary Fund
INCFO Institute of Newspaper Controllers and Finance Officers
IRA Individual Retirement Account
IRB Internal Revenue Bulletin
IRR Internal Rate of Return
IRS Internal Revenue Service
ISO Incentive Stock Option
IT Information Technology
JEEP Joint Ethics Enforcement Plan
LAN Local Area Network
LC Letter of Credit
LCM Lower of Cost or Market
LEXIS Legal Exchange Information Service
LIFO Last-in, First-out
LOC Letters of Comment
LOR Letters of Response
MAP Management of an Accounting Practice
MACRS Modified Accelerated Cost Recovery System
MAS Management Advisory Services
MBO Management By Objective
MCS Management Consulting Services
MFOA Municipal Finance Officers Association
MIS Management Information System
MRP Material Requirement Planning
NAA National Association of Accountants (Now IMA)
NAAACPA National Association of Asian American Certified Public Accountants
NAAI National Association of Accountants in Insolvencies
NAARS National Automated Accounting Research System
NABA National Association of Black Accountants
NAFC National Accounting and Finance Council
NASBA National Association of State Boards of Accountancy
NASD National Association of Securities Dealers
NASDQ National Association of Securities Dealers Automated Quotations
NCCPAP National Conference of CPA Practitioners
NCGA National Council of Governmental Accounting
NCPAG National CPA Group
NIFO Next-in, First-out
NOL Net Operating Loss
NPV Net Present Value
NSAC National Society of Accountants for Cooperatives
NSF Not Sufficient Funds
NYSE New York Stock Exchange
OCBOA Other Comprehensive Bases of Accounting
OCC Office of the Comptroller of the Currency
OCR Optical Character Recognition
OMB Office of Management and Budget
OR Operations Research
OTC Over-the-Counter
OTS Office of Thrift Supervision
OSHA Occupational Safety and Health Act
PA Public Accountant
PAC Political Action Committee
PAL Passive Activity Loss
PAR Public Accounting Report
PCIE President's Council on Integrity and Efficiency Single Audit Committee
PCPS Private Companies Practice Section
PDI Practice Development Institute
P/E Price-Earnings
PERT Program Evaluation and Review Technique
PFP Personal Financial Planning
PFS Personal Financial Specialist
PO Purchase Order
POB Public Oversight Board
POS Point-of-Sale
PPBS Program-Planning-Budgeting System
PPC Practitioners Publishing Company
PRC Peer Review Committee
PSC Personal Service Corporation
PTP Publicly Traded Partnership
PV CHART Profit-Volume Chart
QC Quality Control
QCIC Quality Control Inquiry Committee
QCP Quality Control Policies and Procedures
QCS Statements of Quality Control Standards
QCSI Interpretations of Quality Control Standards
QR Quality Review Program
QTIP Qualified Terminable Interest Property
R&D Research and Development
RAM Randomn-Access Memory
RAP Regulatory Accounting Principles
REIT Real Estate Investment Trust
RI Residual Income
RFP Request for Proposal
RIA Registered Investment Adviser
RICO Racketeer Influenced and Corrupt Organizations Act
ROI Return on Investment
ROM Read-Only Memory
RRA Revenue Reconciliation Act of 1990
SAB Staff Accounting Bulletins
SAP Statements on Auditing Procedure
SAS Statements on Auditing Standards
SAS Statistical Analysis Systems
SBA Small Business Administration
SEC Securities and Exchange Commission
SECPS Securities and Exchange Commission Practice Section
SEPP Simplified Employee Pension Plan
SFAC Statements of Financial Accounting Concepts
SFAS Statements of Financial Accounting Standards
SIA Society of Insurance Accountants
SMAS Statements of Standards for Management Advisory Services
SNBG State Network on Block Grants
SOP Statements of Position
SRLY Separate Return Limitation Year
SRM Summary Review Memorandum
SSAE Statements on Standards for ("SS") Attestation Engagements
SSARS SS Accounting and Review Services
SSARSI SS Accounting and Review Interpretations
SSASPFI SS Accountants' Services on Prospective Financial Information
SSMAS SS Management Advisory Services
SYD Sum-of-the-Years'-Digits
TAMRA Technical and Miscellaneous Revenue Act of 1998
TAB Tax Anticipation Bill
TAN Tax Anticipation Note
TAN Tax Anticipation Note
TARR Time-Adjusted Rate of Return
TEFRA Tax Equity and Fiscal Responsibility Act of 1982
TIC Technical Issues Committee
TIS AICPA Technical Practice Aids
TMP Tax Matters Partner
UCC Uniform Commercial Code
UEC Union Europeene des Experts Comptables Economiques et Financiers
UNI Undistributed Net Income
USTC United States Tax Court
VAT Value-Added Tax
WIN Work Incentive Credit
WIP Work-In-Process
Y2K Year 2000