Smart (320)

Auditing Terms

Acronyms - M

  • M&A - Mergers and Acquisitions
  • MACD - Moving Average Convergence/Divergence
  • MACRS - Modified Accelerated Cost Recovery System
  • MAP - manufacturing accounting and production
  • MAS - Management Advisory Services
  • MBO - Management Buyout
  • MBO - Management By Objective
  • MBS - Mortgage-Backed Security
  • MC - marginal cost
  • MEC - Marginal Efficiency of Capital
  • MER - management expense ratio
  • MFL - maximum foreseeable loss
  • MIRR - Modified Internal Rate of Return
  • MIS - Management Information System
  • ML - marginal loss
  • MLP - Master Limited Partnership
  • MLP - minimum lease payment
  • MLR - Minimum Lending Rate
  • MNC - Multinational Corporation
  • MNE - Multinational Enterprise
  • MO - money order
  • MOA - Memorandum of Audit
  • MOAJ - manufacturing overhead applied journal
  • MPU - mean-per-unit estimation
  • MPV - materials price variance
  • MR - marginal revenue
  • MRJ - materials returned journal
  • MRP - Material Requirements Planning/Processing
  • MRQ - most recent quarter
  • M/S - margin of safety
  • MTN - medium-term note
  • MUA - money unit accounting
  • MUNI - Municipal Security
  • MUS - monetary unit sampling
  • MUV - material usage variance

Acronyms - N

  • NAA - National Association of Accountants
  • NALGA - National Association of Local Government Auditors
  • NAO - National Audit Office
  • NAS - nonaudit services
  • NASBA - National Association of State Boards of Accountancy
  • NAV - Net Asset Value
  • NCGA - National Council of Governmental Accounting
  • NDA - nondisclosure agreement
  • NDP - net domestic products
  • NFCF - net free cash flow
  • NG - net gain
  • NGO - nongovernmental organization
  • NI - national income
  • NI - net income
  • NIAT - net income after taxes
  • NIBIT - net income before interest and taxes
  • NIC - net interest cost
  • NIFO - Next-In, First-Out
  • NIPA - National Income and Product Account
  • NL - net loss
  • NNO - non-government, nonbusiness organization
  • NNP - Net National Product
  • NOI - Net Operating Income
  • NOL - Net Operating Loss
  • NOPAT - net operating profit after tax
  • NOPLAT - net operating profit less adjusted tax
  • N/P - Notes Payable
  • NPV - Net Present Value
  • NPV - No Par Value stock
  • NQA - net quick asset
  • NRV - net realizable value
  • NSF - Not Sufficient Funds check
  • NSO - non-qualifying stock option
  • NTA - net tangible assets
  • NW - net worth

Acronyms - O

  • OA - old account
  • OAA - other adjustment account
  • OB - opening balance (beginning balance)
  • OBS - off-balance-sheet
  • OCAR - opportunity cost of revenue
  • OCBOA - Other Comprehensive Basis of Accounting
  • OE - operating expense
  • OE - owner's equity
  • OH - overhead
  • OI - operating income
  • OID - original issue discount
  • OL - operating loss
  • OLAP - online analytical processing
  • OMB - Office of Management and Budget
  • ONPO - other nonprofit organization
  • OP - operating profit (operating income
  • OPEB - other post-retirement employee benefit
  • OTE - ordinary time earnings