abbreviations

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Question English Answer English
ABFA
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american board of forensic accounting
ABV
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accredited business valuation
ACCA
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association of chartered certified accountants
ACV
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actual cash value
AICPA
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american instiute of certified public accountants
APB
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Auditing practices board
APV
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adjusted present value
ARR
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accounting rate of return
ASB
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accounting standards board
ATF
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Accounting task force
BAS
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Board for accounting standards
BRIC
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brasil russia india china
BSC
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balanced score card
CA
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chartered accountant
CAT
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certified accounting technician
CBA
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computer based assessment
CCA
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current cost accounting
CCAB
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consultative committee of accounting bodies
CFO
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Chief Financial Officer
CGT
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capital gains tax
CIB
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chartered institute of bankers
CICA
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canadian institute of chartered accountants
CIMA
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chartered institute of management accountants
CIPFA
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chartered institute of public finance and accountancy
CPA
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certified public accountant
CPE
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continuing professional education
CPI
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consumer price index
CPP
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current purchasing power
CSR
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corporate social resposibility
CV
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curriculum vitae
CVA
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certified valuation analyst
CVA
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company voluntary agreement
CVL
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company voluntary liquidation
CVP
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cost-volume-profit
e&oe
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errors and omissions excepted
EBITDA
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earnings before interest tax depreciation and amortization
EFRAG
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European financial reporting advisory group
EMS
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European monetary system
EPS
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earnings per share
EVA
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economic value added
FASB
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financial accounting standards board
FCCA
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fellow member of the association of chartered certified accountants
FCF
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financial cashflow
FDI
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foreign direct investment
FIFO
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first in, first out
FRC
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financial reporting council
FRRP
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financial reporting review panel
FSF
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financial stability forum
FTVA
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fast-track voluntary arrangement
GAAP
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generally accepted accounting principles
GAAS
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generally accepted auditing standards
IAD
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insurance accounts directive
IAS
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interaional accounting standards
IASB
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interaional accounting standards board
IASC
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interaional accounting standards committee
IASCF
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interaional accounting standards committee foundation
ICAEW
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institue of chartered accountants in england and wales
ICAS
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institute of chartered accountants in scotland
ICF
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investing cash flow
ID
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identity
IFRS
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international financial reporting standards
IPO
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initial public offering
IPT
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insurance premium tax
IRR
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internal rate of return
IRS
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inland revenue service
IVA
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individual voluntary arrangement
LLP
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limited liability partnership
LTV
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lifetime value
MMC
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monopolies and mergers commission
MVA
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market value added
NPV
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net present value
OBS
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off balance sheet
OFT
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office of fair trading
OECD
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organisation for economic co-operation and development
P/E
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price/earnings
PCAOB
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public company accounting oversight board
POB
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professional oversight board
PRDB
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purchases returns day book
PwC
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pricewaterhouseCoopers
REIT
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real estate investment Trust
ROE
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return on equity
ROI
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return on investment
RPM
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resale price maintenance
SAS
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statement of auditing standards
SEC
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securities commission
SFC
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securities and futures commission
SME
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small and medium-sized enterprise
SORP
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statement of recommended practice
SOX
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Sarbanes-Oxley act of 2002
SQC
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smaller quoted companies
SSAP
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statement of standard accountancy practice(UK)
SWOT
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streangths, weaknesses, opportunities and threats
TC
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test of competence
VAT
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vallue-added tax
WACC
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weighted avarage cost of capital

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