ABSTRACT
ACT Advance Corporation Tax ASB Accounting Standards Board (1990-) ASC Accounting Standards Committee (1970-90) BS Balance Sheet BV Book Value CA Current Assets CCA Current Cost Accounting COGS Cost Of Goods Sold COSA Cost of Sales Adjustment CPP Constant Purchasing Power DPR Dividend Payout Ratio DPS Dividend Per Share DY Dividend Yield ED Exposure Draft EPS Earnings Per Share EY Earnings Yield FA Fixed Assets FASB Financial Accounting Standards Board (USA) FG Finished Goods FIFO First In First Out FRED Financial Reporting Exposure Draft FRS Financial Reporting Standard (ASB) GAAP Generally Accepted Accounting Principles (USA) GPLA General Price Level Adjustments (USA) HMC Historical Money Cost IAS International Accounting Standard IASC International Accounting Standards Committee ICAEW Institute of Chartered Accountants in England and Wales IOSCO International Organization of Securities Commissions LIFO Last In First Out Ltd Limited MI Minority Interest MV Market Value MWCA Monetary Working Capital Adjustment NBV Net Book Value NRV Net Realizable Value P & L Profit and Loss
PAP Pre-Acquisition Profit PAT Profit After Tax PBIT Profit Before Interest Payable and Tax PBT Profit Before Tax P/E Price/Eamings (ratio) pic Public Limited Company RC Replacement Cost RE Retained Earnings RM Raw Materials (stock) RI Residual Income ROI Return On Investment RPI Retail Prices Index SL Straight Line (depreciation) SSAP Statement of Standard Accounting Practice (ASC) SYD Sum of the Years’ Digits (depreciation) TB Trial Balance VAT Value Added Tax WC Working Capital WIP Work-In-Progress
