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Question English Answer English
ABFA
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American Board of Forensic Accouting
ABV
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Accredited Bussiness Value
ACCA
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Association of Chartered Certified Accountants
ACV
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actual cash value
AICPA
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American Institute 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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accouting rate of return
ASB
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Accouting Stantards Board
ATF
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Accouting Task Force
BAS
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Board of Accounting Standards
BRIC
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Brazil, Russia, India and 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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Consulative Committee of Accountancy Bodies
CFO
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Chief Financial Officer/dyrektor finansowy
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 responsibility
CV
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curriculum vitae
CVA
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Certified Valuation Analyst
CVA
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company voluntary agreement/arrangement
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, firsr 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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International Accounting Standards
IASB
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International Accounting Standards Board
IASC
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International Accounting Standards Committee
IASCF
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International Accounting Standards Committee Foundation
ICAEW
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Institute of Chartered Accountants in England and Wales
ICAS
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nstitute of Chartered Accountants of 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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Internal 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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OECDOrganization for Economic Cooperation and Development
P/E
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price/earnings ratio
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 of 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 Standard
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 Pracitice (UK)
SWOT
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strengths, weaknesses, opportunities and threats
TC
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Test of Competence
VAT
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value-added tax
WACC
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weighted average cost of capital

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