BDO Introduction To Accounting and Audit- Abbreviations

Question 1

TSG

Answer 1

Technical Services Group

Question 2

EiC

Answer 2

Early in Career

Question 3

TRA

Answer 3

Technology Risk Assurance

Question 4

DD

Answer 4

Due Diligence

Question 5

RAS

Answer 5

Risk Advisory Services

Question 6

LTD

Answer 6

Limited Companies

Question 7

PLC

Answer 7

Public Limited Companies

Question 8

LLP

Answer 8

Limited Liability Partnership

Question 9

LSE

Answer 9

London Stock Exchange

Question 10

AIM

Answer 10

Alternative Investment Market

Question 11

FCA

Answer 11

Financial Conduct Authority

Question 12

DR’s and CR’s

Answer 12

Debit and Credit

Question 13

Balance c/d

Answer 13

Balance carried down

Question 14

ERP

Answer 14

Enterprise Resource Planning

Question 15

P&M

Answer 15

Plant and Machinery

Question 16

b/f

Answer 16

brought forward

Question 17

PAYE

Answer 17

Pay As You Earn

Question 18

NI

Answer 18

National Insurance

Question 19

VAT

Answer 19

Value Added Tax

Question 20

TB

Answer 20

Trial Balance

Question 21

CRM

Answer 21

Client Relationship Manager

Question 22

SSC

Answer 22

Shared Service Standard

Question 23

P&L

Answer 23

Profit & Loss

Question 24

UK GAAP

Answer 24

United Kingdom General Accepted Accounting Practice

Question 25

FRC

Answer 25

Financial Reporting Council

Question 26

PIE

Answer 26

Public Interest Entity

Question 27

ISAs

Answer 27

International Standards on Auditing

Question 28

KPI

Answer 28

Key Performance Indicators

Question 29

FSA

Answer 29

Financial Statement Area

Question 30

UTE

Answer 30

Understand The Entity

Question 31

UIC

Answer 31

Under Internal Controls

Question 32

TOC

Answer 32

Test Of Controls

Question 33

SAP

Answer 33

Substantive Analytical Procedures

Question 34

OSP

Answer 34

Other Substantive Procedures