Acronym soup forAccounting

Money a company owes to suppliers.

Money owed to a company by its customers.

Direct costs attributed to goods production.

Licensed accounting professional authorized for public accounting services.

Inventory method where oldest items are sold first.

U.S. agency responsible for tax collection and law enforcement.

Inventory method where most recent items are sold first.

A financial statement that summarizes the revenues, costs, and expenses incurred during a specified period.

Measure of investment profitability relative to its cost.

U.S. law established to protect investors from fraudulent accounting activities.