Auditing Terms
Acronyms - P
- PA - pension adjustment
- PA - Power of Attorney
- PA - Public Accountant
- PA - public accounting
- PA - Purchasing Agent
- PAC - Planned Amortization Class bond
- PAC - preauthorized checks
- PAD - Preauthorized Electronic Debits
- PAL - Passive Activity Loss
- PAYE - pay as you earn (UK)
- PBC - prepared by the client
- PBO - Projected Benefit Obligation
- PBR - price-to-book ratio
- PC - participation certificate
- PC - petty cash
- PC - price-to-cash flow ratio
- PC - prime cost
- PC - professional corporation
- PC - purchase commitment
- PCAOB - Public Company Accounting Oversight Board
- PCB - petty cash book
- PCF - price/cash flow ratio
- PCGE - potential capital gains exposure
- PE - price earnings ratio
- PEG - prospective earnings growth ratio
- PEP - personal equity plan
- PEPS - participating equity preferred stock
- PER - price earnings ratio
- PERCS - Preferred Equity Redemption Cumulative Stock
- PERS - public employee retirement system
- PF - Pro Forma
- PFD - Preferred Stock
- PHC - personal holding company
- P&I - principal and interest
- PI - perpetual inventory
- PIG - Passive Income Generator
- PIK - Payment-In-Kind
- PITI - principal, interest, taxes, and insurance
- PJ - purchase journal
- P&L - Profit and Loss (Statement)
- PL - price list
- PL - purchase ledger
- PLC - Public Liability Company (UK)
- PLC - Public Limited Company (British)
- PLP - periodic lease payment
- PMI - Private Mortgage Insurance
- PML - probable maximum loss
- PMV - Private Market Value
- PN - Project Note
- PN - Promissory Note
- PNW - present net worth
- PO - Principal Only
- PO - purchase order
- POA - Power of Attorney
- POB - Public Oversight Board
- POD - Pay on Delivery
- POR - Pay on Return
- POS - Point-of-Sale system
- PP - paper profit
- PP - payback period
- PP&E - property, plant and equipment
- PPI - Producer Price Index
- PPP - Purchasing Power Parity
- PPS - Prior Preferred Stock
- PPS - probability proportional to size
- PR - payroll
- PR - purchase requisition
- PRC - Peer Review Committee
- PRJ - purchase returns journal
- PS - price to sales ratio
- P&S - Purchase and Sale Statement
- PSC - prior service cost
- PSPA - past service pension adjustment
- PSR - price to sales ratio
- PTO - paid time off
- PTO - pure trust organization
- PTP - publicly traded partnership
- PuPU - purchasing power unit
- PV - present value
- PV Chart - profit-volume chart
P
Acronyms - Q
- QA - quick asset
- QA - quality assurance
- QB - Qualified Buyers
- QI - Quarterly Index
- Q ratio
- QSSS - qualified subchapter S subsidiary
- QSST - qualified subchapter S trust
- QSub - qualified S corporation subsidiary
- Q-system - fixed order size system
- QTIP - Qualified Terminable Interest Property Trust
- QUIDC - Quarterly Income Debt Securities
- QUIPS - Quarterly Income Preferred Securities
Q
Acronyms - R
- RA - revenue account
- RAM - Reverse Annuity Mortgage
- RAN - Revenue Anticipation Note
- RAP - regulatory accounting principles
- RAP - regulatory accounting procedures
- RAROC - risk adjusted return on capital
- RBA - risk-based auditing
- RC - risk capital
- R&D - Research and Development
- RE - retained earnings
- REE - real economic earnings
- REIT - Real Estate Investment Trust
- RELP - Real Estate Limited Partnership
- R-F cost - relevant future cost
- RFB - reportable fringe benefit
- RGDI - real gross disposable income
- RGNDI - real gross national disposable income
- RGNI - real gross national income
- RI - residual income
- RJE - reclassification journal entry
- RLA - reserve lag accounting
- RM - returned material
- RMD - Required Minimum Distribution
- RMJ - returned materials journal
- RMM - Risk of Material Misstatement
- RNNDI - real net national disposable income
- ROA - return on assets
- ROA - Right of Accumulation
- ROACOC - return on operating assets minus the cost of capital
- ROAM - return on assets managed
- ROC - return on capital
- ROCE - return on capital employed
- ROE - return on equity
- ROI - return on investment/return on invested capital
- ROIC - return on investment capital
- ROL - Reduction-Option Loan
- RONA - return on net assets
- RONCE - return on net capital employed
- RONW - return on net worth
- ROR - rate of return
- ROR - return on revenue
- RORAC - return on risk adjusted capital
- ROS - return on sales
- RPPP - Relative Purchasing Power Parity
- RR - rate of return
- RRA - Reserve Recognition Accounting
- RTO - rent-to-own