-
A&E
can mean either Appropriation & Expense or Analysis
& Evaluation.
-
A&G
is Administrative & General.
-
A&M
-
A&P
is an acronym for Administrative and Personnel.
-
AAA
is American Accounting Association, Association
of Accounting Administrators, or see ACCUMULATED ADJUSTMENT ACCOUNT.
-
AAA-CPA
is American Association of
Attorney-Certified Public Accountants.
-
AAT
, in Great Britain, is Association
of Accounting Technicians.
-
ABA
is the American Bar Association. See below also.
-
ABATEMENT
,
in general, is the reduction or lessening. In law, it is the termination
or suspension of a lawsuit. For example, an abatement of taxes is a tax
decrease or rebate.
-
ABC
see ACTIVITY BASED COSTING.
-
ABM
see ACTIVITY BASED MANAGEMENT.
-
ABNORMAL EXPENSE
see EXTRAORDINARY
ITEMS.
-
ABNORMAL GAIN
see NORMAL LOSS.
-
ABNORMAL ITEMS
see EXTRAORDINARY ITEMS.
-
ABNORMAL LOSS
see NORMAL LOSS.
-
ABNORMAL RETURNS
is the difference
between the actual return and that is expected to result from market
movements (normal return).
-
ABNORMAL SPOILAGE
is spoilage that
is not part of everyday operations. It occurs for reasons such as the
following: out-of-control manufacturing processes, unusual machine breakdowns,
and unexpected electrical outages that result in a number of spoiled
units. Some abnormal spoilage is considered avoidable; that is, if managers
monitor processes and maintain machinery appropriately, little spoilage
will occur. To highlight these types of problems so that they can be
monitored, abnormal spoilage is recorded in a Loss from Abnormal Spoilage
Account in the general ledger and is not included in the job costing
inventory accounts (work in process, finished goods, and cost of goods
sold).
-
ABOVE THE LINE
-
ABSOLUTE CHANGE
is a numerical change
in an empirical value, e.g. cost of goods was reduced by $9.00.
-
ABSORB
is to assimilate, transfer or incorporate amounts in an account or a group
of accounts in a manner in which the first entity loses its identity and
is "absorbed" within the second entity. For example, see ABSORPTION
COSTING.
-
ABSORBED COSTS
incorporates
both variable and fixed costs.
-
ABSORPTION
see ABSORB.
-
ABSORPTION COSTING
-
ABSORPTION VARIANCE
-
ABSORPTION PRICING
is where all costs,
both fixed and variable; plus a percentage mark-up for profit; are recovered
in the price.
-
ABSTINENCE THEORY OF INTEREST
-
ACA
is Accreditation Council for Accountancy.
-
ACAT
(Accreditation Council for Accountancy and Taxation) is a national organization
established in 1973 as a non-profit independent testing, accrediting and
monitoring organization. The Council seeks to identify professionals in
independent practice who specialize in providing financial, accounting
and taxation services to individuals and small to mid-size businesses.
Professionals receive accreditation through examination and/or coursework
and maintain accreditation through commitment to a significant program
of continuing professional education and adherence to the Council's Code
of Ethics and Rules of Professional Conduct.
-
ACB
normally refers to 'adjusted cost base.
-
ACCELERATED DEPRECIATION
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