Abbreviations



Abbreviations


ABA American Banking Association
ABC Activity-based costing
ACFE Association of Certified Fraud Examiners
ACH Automated Clearing House
ANSI American National Standards Institute
AP Accounts payable
ASN Advanced shipping notice
ASP Application service provider
B2B Business-to-business (commerce)
B2C Business-to-consumer (commerce)
BPO Blanket purchase order
CAM Common area maintenance
DPO Days payable open
EBP Electronic bill presentment
EC Electronic commerce
EDI Electronic data interchange
EFT Electronic funds transfer
ERP Enterprise resource planning
ERS Evaluated receipts settlement
EUL Expected useful life
FAQ Frequently asked questions
FASB Federal Accounting Standards Board
FOB Freight on board
FTC Federal Trade Commission
GAAP Generally accepted accounting principles
GL General ledger
IASB International Accounting Standards Board
ICC International Chamber of Commerce
IFO Institute of Financial Operations
IMS Inventory management system
JE Journal entry
JIT Just-in-time inventory
LOC Letter of credit
LTL Less than a truckload
MBWA Management by walking around
MICR Magnetic ink code reading
MWBE Minority and women business enterprises
NACHA National Automated Clearinghouse Association
NACM National Association of Credit Managers
NAPM National Association of Purchasing Managers
PIN Personal identification number
PO Purchase order
RFQ Request for quotes
ROI Return on investment
SEC U.S. Securities and Exchange Commission
SIC Standard industry codes
SIN Shipping identification number
SKU Stock keeping units
T&E Travel and entertainment
TQM Total quality management
UCC Uniform commercial code
UN/
EDIFACT
United Nations/
Electronic Data Interchange for Administration and Transfer
VAN Value-added networ
VAT Value added tax