What Does Pic Stand for in Accounting
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Top 40 Accounting Acronyms to Know
Top 40 Accounting Acronyms to Know
It's true, it can often seem like accountants have their own language. Communicate with your accountant and finance department like a pro with our Top 40 List Accounting Acronyms List.
1. A&A — Audit and Assurance
2. AR — Accounts Receivable
3. ASU — Accounting Standards Update
4. AP — Accounts Payable
5. ASB — Auditing Standards Board
6. Big 4 — Traditionally, the four largest CPA firms in the world: PwC, Deloitte, EY, and KPMG
7. BV — Business Valuation
8. CPA — Certified Public Accountant
9. CAQ — Center for Audit Quality
10. CFO — Chief Financial Officer
11. COO — Chief Operating Officer
12. COGS — Cost of Goods Sold
13. C2B — Consumer—to—business
14. CPU — Cost per Unit
15. CR — Credit
16. DR — Debit
17. ERP — Enterprise Resource Planning
18. FASB — Financial Accounting Standards Board
19. FinREC — Financial Reporting Executive Committee
20. GL — General Ledger
21. GAAP — Generally Accepted Accounting Principles
22. GAAS — Generally Accepted Auditing Standards
23. GP — Gross Profit
24. IPO — Initial Public Offering
25. IASB — International Accounting Standards Board
26. IFRS — International Financial Reporting Standards
27. LOR — Letters of Response — Peer Review
28. LLC — Limited Liability Company
29. PAT — Profit After Tax
30. PBT — Profit Before Tax
31. PR — Purchase Requisition
32. PCC — Private Company Council
33. PRB — Peer Review Board
34. P&L — Profit and Loss Statement
35. PCAOB — Public Company Accounting Oversight Board
36. PA — Public Accountant
37. SOC — Service Organization Control
38. SEC — Securities and Exchange Commission
39. SOX — Sarbanes—Oxley
40. VAT — Value—Added Tax
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What Does Pic Stand for in Accounting
Source: https://ssfllp.com/top-40-accounting-acronyms-know/
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