ACCOUNTING ABBREVIATIONS

* ABC: Activity Based Costing

* AJE: Adjusting Journal Entry

* AP: Accounts Payable

* AR: Accounts Receivable

* AT: Asset Turnover

* BB: Beginning Balance (see also: EB)

* BV: Book Value

* CJE: Closing Journal Entry

* CM: Contribution Margin (= Sales less Variable Costs)

* COGM: Cost Of Goods Manufactured

* Cr: Credit

* CVP: Cost-Volume-Profit

* Dr: Debit

* EB: Ending Balance (see also BB)

* EPS: Earnings Per Share

* EVA: Economic Value Added

* FIFO: First In, First Out (see also: LIFO)

* FC: Fixed Costs (see also: VC)

* FS: Financial Statements

* FYE: Fiscal Year End; (e.g.: FYE2011)

* GAAP: Generally Accepted Accounting Principles

* GL: General Ledger

* IS: Income Statement

* ISO: International Standards Organization

* JE: Journal Entry

* JIT: Just In Time

* LIFO: Last In, First Out (see also: FIFO)

* LOC: Line of Credit

* NI: Net Income

* OH: Overhead

* PL: Profit/Loss Statement

* PM: Profit Margin

* PVA: Process Value Analysis

* RE: Retained Earnings

* ROI: Return On Investment

* SAG Expenses: Selling, Administrative, and General Expenses

* SHE: Stockholders Equity

* SP: Sales Price (price of goods/services sold)

* TB: Trial Balance

* VC: Variable Costs (see also: FC)

* WIP: Work-In-Progress