BDO Introduction To Accounting and Audit- Abbreviations Flashcards

1
Q

TSG

A

Technical Services Group

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2
Q

EiC

A

Early in Career

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3
Q

TRA

A

Technology Risk Assurance

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4
Q

DD

A

Due Diligence

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5
Q

RAS

A

Risk Advisory Services

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6
Q

LTD

A

Limited Companies

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7
Q

PLC

A

Public Limited Companies

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8
Q

LLP

A

Limited Liability Partnership

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9
Q

LSE

A

London Stock Exchange

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10
Q

AIM

A

Alternative Investment Market

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11
Q

FCA

A

Financial Conduct Authority

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12
Q

DR’s and CR’s

A

Debit and Credit

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13
Q

Balance c/d

A

Balance carried down

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14
Q

ERP

A

Enterprise Resource Planning

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15
Q

P&M

A

Plant and Machinery

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16
Q

b/f

A

brought forward

17
Q

PAYE

A

Pay As You Earn

18
Q

NI

A

National Insurance

19
Q

VAT

A

Value Added Tax

20
Q

TB

A

Trial Balance

21
Q

CRM

A

Client Relationship Manager

22
Q

SSC

A

Shared Service Standard

23
Q

P&L

A

Profit & Loss

24
Q

UK GAAP

A

United Kingdom General Accepted Accounting Practice

25
Q

FRC

A

Financial Reporting Council

26
Q

PIE

A

Public Interest Entity

27
Q

ISAs

A

International Standards on Auditing

28
Q

KPI

A

Key Performance Indicators

29
Q

FSA

A

Financial Statement Area

30
Q

UTE

A

Understand The Entity

31
Q

UIC

A

Under Internal Controls

32
Q

TOC

A

Test Of Controls

33
Q

SAP

A

Substantive Analytical Procedures

34
Q

OSP

A

Other Substantive Procedures