ABBREVIATIONS
| AG | Application Guidance (for an accounting standard) |
| AICPA | American Institute of Certified Public Accountants |
| APB | Accounting Principles Board (of the AICPA, predecessor of the FASB) |
| BC | Basis for Conclusions (for an accounting standard) |
| bp | Basis points |
| CAD | Canadian dollar |
| CAPM | Capital asset pricing model |
| CEO | Chief executive officer |
| CFO | Chief financial officer |
| CGU(s) | Cash-generating unit(s) |
| CNY | Chinese yuan renminbi |
| CODM | Chief operating decision maker |
| CPI | Consumer price index |
| Cr | Credit record |
| CU | Currency unit(s) |
| Dr | Debit record |
| EBIT | Earnings before interest and taxes |
| EBITDA | Earnings before interest, taxes, depreciation, and amortization |
| ED | Exposure Draft |
| EDP | Electronic data processing |
| e.g. | Exempli gratia (for example) |
| etc. | Et cetera |
| EU | European Union |
| F | Conceptual Framework |
| FASB | Financial Accounting Standards Board in the US |
| FIFO | First-in, first-out |
| GAAP | Generally accepted accounting principles/practices |
| i | Interest rate |
| IAS(s) | International Accounting Standard(s) |
| IASB | International Accounting Standards Board |
| ICAEW | Institute of Chartered Accountants in England and Wales |
| i.e. | Id est (that is) |
| IE | Illustrative Examples (for an accounting standard) |
| IFRIC | International Financial Reporting Interpretations Committee |
| IFRS(s) | International Financial Reporting Standard(s) |
| IG | Implementation Guidance (for an accounting standard) |
| IN | Introduction (for an accounting standard) |
| JPY | Japanese yen |
| m | Million |
| NCI | Non-controlling interest(s) |
| OB | see Section 2 of the first chapter (“The objective of general purpose financial reporting”) on the Conceptual Framework |
| OCI | Other comprehensive income |
| p. | Page |
| p.a. | Per annum |
| P/L | Profit or loss |
| PiR | Praxis der internationalen Rechnungslegung (IFRS journal in German language) |
| PoC-method | Percentage of completion method |
| PPI | Producer price index |
| PVIFA | Present value interest factor of annuity |
| QC | Chapter 3 (“Qualitative characteristics of useful financial information”) of the Conceptual Framework |
| ROI | Return on investment |
| SAR(s) | Share appreciation right(s) |
| SIC | Standing Interpretations Committee |
| SPE(s) | Special purpose entity (entities) |
| t | Tax rate |
| UL | Useful life (for tax purposes) |
| US | United States of America |
| USA | United States of America |
| vs. | Versus |
| WACC | Weighted average cost of capital |
| WPI | Wholesale price index |
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