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Parson - Accounting Abbreviations

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


   

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