F
FA - fixed asset (large non-movable items - building, machinery, land)
FA - floating asset (current/short-term asset)
FACTA - Fair and Accurate Credit Transactions Act of 2003
FAF - Financial Accounting Foundation (institution funding the Financial Accounting Standards Board (FASB) and appointing its members)
FAR - false-acceptance rate (risk that someone who should not be allowed access to a system is granted access to the system)
FARE - Financial Accounting and Reporting (CPA exam section)
FAS - Financial Accounting Standard (formal statement of U.S. generally accepted accounting principles (GAAP) issued by the Financial Accounting Standards Board (FASB) on a specific topic and providing accounting, reporting, and disclosure requirements - term has been replaced by Accounting Standards Codification (ASC) )
FASAB - Federal Accounting Standards Advisory Board
FASAC - Financial Accounting Standards Advisory Council
FASB - Financial Accounting Standards Board (nongovernmental body authorized to set final accounting industry standards)
FAVR - fixed and variable rate method (employee auto expenses reimbursement method)
FBAR - Foreign Bank and Financial Accounts Report (report to the US Treasury of financial accounts located outside the US)
FC - fixed capital (investment in long-term assets)
FC - fixed cost (unchanged cost part of goods production)
FCBA - Fair Credit Billing Act
FCC - Federal Communications Commission
FCF - free cash flow (cash available after costs for continuing operations have been covered)
FCRA - Fair Credit Reporting Act
FD - full disclosure (requirement that all material information relating to financial reports must be disclosed - often requirement for stock exchange listings)
FDI - Foreign Direct Investment (investment in U.S. businesses by foreign citizens)
FDIC - Federal Deposit Insurance Corporation
FDWP - foreign dividend withholding payment
FEA - Federal enterprise architecture
FEAF - Federal Enterprise Architecture Framework
FEI - Financial Executives Institute (organization of controllers/treasurers in accounting/financial services industries)
FEMA - Federal Emergency Management Agency
FER - failure-to-enroll rate (in biometric systems, failure to enter or include individual's data in system's database)
FERC - Federal Energy Regulatory Commission
FET - Federal Excise Tax
F&F - furniture and fixtures
FF&E - furniture, fixtures and equipment
FFIEC - Federal Financial Institutions Examination Council (coordinating group of federal and state banking regulations)
FFO - Funds from Operations (funds/cash provided by operating activities)
FICA - Federal Insurance Contributions Act (Social Security tax)
FICO - Financing Corporation (federal agency set up in 1987 to deal with the savings and loan crisis)
FICO - Fair Isaac and Company scoring (software developed by Fair Isaac to determine credit scores)
FIFO - first in, first out (method of accounting for inventory costs)
FILO - first in, last out (method of accounting for inventory costs)
FILO - first in, last out (computer program processing - procedure where data is taken off the top of a memory stack)
FIN - Federal Identification Number (TIN - taxpayer identification number)
FINRA - Financial Industry Regulatory Authority (nonprofit oversight body for the securities industry)
FIPS - Federal Information Processing Standards (standard for digital signatures)
FIPS - Fixed Income Pricing System
FIRREA - Financial Institutions Reform, Recovery and Enforcement Act of 1989 (legislation to resolve the savings and loan crisis)
FISH - first in, still here (method of accounting for inventory costs - same as last-in, first out)
FIT - Federal Income Tax
FITW - Federal Income Tax Withholding
FLSA - Fair Labor Standards Act
FMCG - fast moving consumer goods (term used to describe tangible consumer goods of portable size that are characterized by high volume activity)
FMV - Fair Market Value (price or amount an asset could be sold for on the open market)
FOB - Free on Board (transportation term - seller pays shipping costs up to FOB point)
FOCUS - Financial and Operations Combined Uniform Single Report (securities industry report required for broker-dealers)
FOF - firm-on-firm review (CPA firm review by another CPA firm - peer review)
FOF - flow of funds
FOIA - Freedom of Information Act
FOVAR - fixed overhead absorption rate
FP - function point (component of a system for estimating complexity/difficulty in the development of large business applications)
FPA - function point analysis (multiple-point technique used for estimating complexity in the development of large business applications)
FPM - Fixed-Payment Mortgage
FRA - Federal Reserve Act of 1913 (Act creating the Federal Reserve System and Federal Reserve Banks)
FRB - Federal Reserve Bank
FRB - Federal Reserve Board (governing board of the Federal Reserve System)
FRF for SMEs - Financial Reporting Framework for Small- and Medium-Sized Entities (reporting option for small businesses - not considered authoritative)
FRR - false-rejection rate (number of times someone who is allowed to use/access a system is falsely rejected)
FRRs - Financial Reporting Releases
FRS - Financial Reporting Standard
FRSSE - Financial Reporting Standard for Smaller Entities
FS - financial statement (financial report(s) of a business or organization)
FSC - Foreign Sales Corporation
FSMA - Financial Services Modernization Act of 1999 (Gramm-Leach-Bliley Act)
FTC - Federal Trade Commission
FTI - federal tax included
FUTA - Federal Unemployment Tax Act
FY - fiscal year