B
Auditing Terms - Bbackbone network services (BNS) - (main communications channel of a digital network/part handling major traffic)
balance of payments (BOP) - (international trade - measure of transactions between countries)
balance sheet (B/S) (BS) - (financial report showing balances of assets, such as cash, liabilities, and ownership, at a point in time)
balanced scorecard (BSC) - (business evaluation technique which measures performance with factors other than, or in addition to, standard financial measures)
bank draft (BD) - (order to pay)
Bank for International Settlements (BIS) - (interntional organization facilitating transactions by central banks)
Bank Investment Contract (BIC) - (portfolio investment with bank-guaranteed interest)
Base Case System Evaluation (BCSE) -
basic earning power (BEP) -
basic earnings per share (BEPS) - (stockholder profit for each share held)
Basic Service Set (BSS) - (name given to group formed by, or consisting of, the access point (AP) of a wired network and the wireless devices (clients) connecting to the network)
Beginners All-purpose Symbolic Instruction Code (BASIC) - (programming language)
benefit analysis (BA) - (costs or benefits derived from a system or project)
benefit-cost ratio (BCR) - (analysis of benefits received against the cost of implementation)
Better Business Bureau (BBB) - (business organization)
bill of lading (BL) - (written document for delivery of goods)
Bill of Materials (BOM) - (listing of all parts/components needed to produce one unit of finished product)
Bill of Materials Processor/Processing (BOMP) - (department dealing with bill of materials handling)
bill of sale (BS) - (written document transferring goods/ownership from seller to buyer)
bill payable (B/P) -
bills receivable (BR) -
Binary Coded Decimal (BCD) - (number representation of decimal digits)
Biometric Information Management and Security (BIMS) - (security system relying on biometric (individual's physical/biological attributes or behavior) data/technology for authentication/verification)
Board of Environmental Health and Safety Auditor Certifications (BEAC) - (environmental auditing)
Board of Trustees (BOT) - (mutual savings bank industry board)
Bond Anticipation Note (BAN) - (short-term debt instrument issued by states/municipalities)
book profit (BP) -
book rate of return (BRR) -
book value (BV) - (dollar amount of of asset recorded in the books - initial cost of an asset)
break even (B/E) - (Type of analysis, such as production output levels, indicating where costs will equal revenue - no profit or loss)
break-even point (BEP) - (point where costs equal revenue - no profit or loss)
British Accounting Association (BAA) - (academic organization)
broker-dealer (B/D) - (securities trader)
budget at completion (BAC) - (original budget estimate of project costs)
budgeted cost of work performed (BCWP) -
budgeted cost for work scheduled (BCWS) -
buffer stock (BS) - (excess inventory maintained by a company as a safeguard against unpredictable shortages)
Build, Acquire and Implement (BAI) - (management of enterprise information technology)
Bureau of Labor Statistics (BLS) - (federal agency)
Bureau of Standards (BS) - (federal agency)
Business Advisory Council (BAC) -
Business Continuity Institute (BCI) - (business continuity management good practices/standards)
business continuity management (BCM) - (management process/planning framework for continuing operations following unforeseen events)
business continuity plan (BCP) - (plan developed to continue operations in the event of disaster or disruption)
business continuity planning (BCP) - (planning process involved in dealing with disruptions during/following unexpected events)
business continuity policy (BCP) - (management approach/attitude toward continuity planning, as evidenced by a written document/policy)
business dependency assessment (BDA) - (amount organization depends on a resource/asset importance)
business impact analysis (BIA) - (analysis of organizational functions/activities to determine importance to operations/criticality of loss)
business intelligence (BI) - (collection and analysis of information to assist decision-making and assess organizational performance)
business investment loss (BIL) -
Business Model for Information Security (BMIS) - (framework/guidance for security)
business process reengineering (BPR) - (analysis and redesign of business processes and management systems to improve performance and reduce costs)
business recovery (or resumption) plan (BRP) - (plan to resume operations)
business valuation (BV) - (process by which the worth of a business is determined/reported value after completion of evaluation process)
bypass label process/processing (BLP) - (systems technique of reading a computer file while bypassing the internal file/data set label)