| Question |
Answer |
| IRS |
Internal Revenue Service |
| AICPA |
American Institute of Certified Public Accountants |
| IMA |
Institute of Management Accountants |
| IIA |
Institute of Internal Auditors |
| CPA |
Certified Public Accountants |
| GAAP |
Generally Accepted Accounting Principles |
| FASB |
Financial Accounting Standards Board |
| SEC |
Securities & Exchange Commission |
| CFO |
Chief Financial Officer |
| COA |
Chart of Accounts |
| AP |
Accounts Payable |
| AR |
Accounts Receivable |
| ABA Number |
American Bankers Association Number |
| MICR |
Magnetic Ink Character Recognition |
| FDIC |
Federal Deposit Insurance Corporation |
| NSF |
Non-sufficient funds |
| EFT |
Electronic Funds Transfer |
| EFTS |
Electronic Funds Transfer System |
| EFTPS |
Electronic Federal Tax Payment System |
| OE |
Owner's Equity |
| FOB |
Free on Board |
| FICA |
Federal Insurance Contributions Act |
| FUTA |
Federal Unemployment Tax Act |
| SUTA |
State Unemployment Tax Act |
| SBA |
Small Business Administration |
| CEO |
Chief Executive Officer |