Accounting is the process of recording business-related financial transactions. The accounting process includes summarizing, analyzing, and reporting these activities to regulatory agencies, regulators, and tax collection organizations. The financial statements used in accounting are a summary of financial transactions during the accounting period, which summarizes the company’s performance, financial position, and cash flow.
Reports generated by various accounting channels, such as accounting and accounting management, are very helpful in helping managers make informed business decisions.
List of Accounting Abbreviation and Acronyms
A/P | Administrative/Professional |
A/R | Accounts Receivable |
A.P.S. | Animal And Plant Sales |
ABACCR | Absences Accrual – (As In Compensated Absences Accrual) |
ABATE | Abatement |
ABS | Absences – As In Compensated Absences |
AGR. | Agriculture/Agreement |
AID | Agency For International Development |
ALL./ALLOW | Allowance |
AM | American |
AMS | Agricultural Marketing Service |
AN | Animal |
AUX | Auxiliary |
AV | Audio Visual |
BC or B/C | Budgetary Control |
BCDF | Budgetary Control Document File |
BCHM | Biochemistry |
BEN/BENF | Benefit(s) |
BILL | Billiards |
BLDG | Building |
CONTR. | Contractual/Contributed/Construction |
CONVO | Convocations |
COPA | Cost Of Program Allowance |
CRC | Cash Receipts Clearing |
CSRS | Co-Operative State Research Service |
CS | Central Stores |
CTL | Control |
CTR | Center |
CULT. | Cultural |
DISC | Discount |
DISP | Disposable |
DISTR | Distribution |
DOD | Department Of Defense |
DOE | Department Of Energy |
DOI | Department Of Interior |
DOS | Dean Of Students |
DOT | Department Of Transportation |
ENG/ENGR | Engineer/Engineering |
ENS | Ensemble |
ENT/ENTER | Enterprises |
ENTER | Enterprises |
ENVIR. | Environmental |
EPA | Environmental Protection Agency |
EQ/EQP/EQUIP | Equipment |
EQT | Equipment |
ER | Employer |
EXCH | Exchange |
EXH | Exhibit |
EXP/EX | Expense |
FSI | Food Stores Issues |
FTBALL | Football |
FUNCT | Functions |
GOVT | Government |
GRAD | Graduate |
GSF | General Service Fee |
HOSP | Hospital |
HPTLTY | Hospitality |
HRS | Hours |
HVAC | Heating, Ventilation, and Air Conditioning |
INVEST | Investment |
IPIA | International Programs In Agriculture |
IPS | International Parcel Service |
LT | Long Term |
LTD | Life To Date/Long Term Disability |
LTFS | Long Term Field Staff |
LUBR | Lubricants |
MACH | Machine |
MAINT | Maintenance |
NBE | Not Budgeted Elsewhere |
NO F&A | Not chargeable for F&A (see F&A) |
NCENTRAL | North Central |
NEWSLET | Newsletter |
NON RES | Non Resident |
NON-RFNDBLE | Non-Refundable |
NSF | National Science Foundation |
PDC | Payroll Distribution Charge |
PEP | Purdue Enrichment Program |
PERF | Public Employees Retirement Fund |
PERS | Personal |
PF | Physical Facilities |
REC | Receivable |
RECR | Recreation |
RECV | Recovery |