The International Dictionary of Accounting Acronyms

Thomas W. Morris

• Publisher: Routledge
• Year: 2019
• eBook ISBN:
  9781134266098
• Print ISBN:
  9781884964565
• Subtopic: Accounting

The International Dictionary of Accounting Acronyms is a must for busy professionals and students involved in accounting or finance. This comprehensive reference book defines close to 2,000 acronyms. Examples and graphic illustrations are used throughout to clarify definitions. The Dictionary contains an appendix of sources of further information and is fully cross-referenced.

A

AAA	American Accounting Association The association that influences the development of Generally Accepted Accounting Principles through research of its professional membership.
AAII	American Association of Individual Investors Chicago-based organization providing educational and networking opportunities and publications for the individual investor community. Publications and services include: The monthly AAII Journal A yearly tax planning guide A Guide to Computerized Investing. A directory listing accounting, financial, estate and tax planning software packages, among others. Nationwide seminars AAII can be contacted at: 625 North Michigan Avenue, Suite 1900 Chicago, Illinois 60611 800-428-2244
AAPC	Adjusted Average Per Capita Cost Business accounting and marketing term relating to adjustments made to average per capita costs to increase the accuracy of an analysis.
AAR	Against All Risks Insurance term (applied elsewhere as well) to identify condition of having identified risks connected with a planned insured or other venture.
AARS	Accrual Accounting and Reporting System Accounting term describing treatment of revenues when expected to be received and expenses when projected to be paid, as compared to Cash Accounting and Reporting System
AAS	Advanced Accounting System A general accounting term.
ABA	American Bankers Association A professional association offering programs, products and services for the banking community. National source of information and commentary on banking issues. The ABA is located at: 1120 Connectcut Ave., N.W. Washington, D.C. 20036 [phone], fax [phone] www.aba.com
ABA	American Bar Association A professional association offering programs, products and services to the legal community. National source of information and commentary on legal issues. The ABA can be located at: 750 N. Lake Shore Drive Chicago, IL 60611 [phone]
ABC	[ACCOUNTING METHOD] Inventory control method which categorizes by order of importance (e.g., As are higher-valued items, Bs are lower-valued items and Cs are items with the lowest priority in terms of control and attention.
ABS	Asset-Backed Securities Bonds or notes backed by loans or accounts receivable originated by banks, credit card companies or other providers of credit. Brokerage firms that reoffer them to the public underwrite the securities. Also called Pass-Through Securities.
ABS	Automated Bond System Computerized system used by the New York Stock Exchange (NYSE) for recording bids and offers for inactively traded bonds until they are cancelled or executed.
AC	Actual Cost Accounting term for exact amount as opposed to budgeted or expected amount in connection with a given expense.
ACES	Advanced Computerized Execution System System run by the National Association of Securities Dealers (NASD), which owns and operates the National Association of Securities Dealers Automated Quotation System (NASDAQ).
ACRS	Accelerated Cost Recovery System; Accelerated Capital Recovery System Accounting and tax term concerning rules for depreciation of certain types of assets and property. The Economic Recovery Tax Act of 1981 made the cost of assets purchased after 1980 recoverable at an accelerated rate under the ACRS. See also ADR.
AcSEC	Accounting Standards Execu...

Table of contents

• Cover
• Title
• Copyright
• Contents
• About the Author
• Preface
• Defintion of Acronyms
• Appendix I Monetary Units
• Appendix II Major Sources