IFRS Essentials

ABBREVIATIONS

AG	Application Guidance (for an accounting standard)
AICPA	American Institute of Certified Public Accountants
APB	Accounting Principles Board (of the AICPA, predecessor of the FASB)
BC	Basis for Conclusions (for an accounting standard)
bp	Basis points
CAD	Canadian dollar
CAPM	Capital asset pricing model
CEO	Chief executive officer
CFO	Chief financial officer
CGU(s)	Cash-generating unit(s)
CNY	Chinese yuan renminbi
CODM	Chief operating decision maker
CPI	Consumer price index
Cr	Credit record
CU	Currency unit(s)
Dr	Debit record
EBIT	Earnings before interest and taxes
EBITDA	Earnings before interest, taxes, depreciation, and amortization
ED	Exposure Draft
EDP	Electronic data processing
e.g.	Exempli gratia (for example)
etc.	Et cetera
EU	European Union
F	Conceptual Framework
FASB	Financial Accounting Standards Board in the US
FIFO	First-in, first-out
GAAP	Generally accepted accounting principles/practices
i	Interest rate
IAS(s)	International Accounting Standard(s)
IASB	International Accounting Standards Board
ICAEW	Institute of Chartered Accountants in England and Wales
i.e.	Id est (that is)
IE	Illustrative Examples (for an accounting standard)
IFRIC	International Financial Reporting Interpretations Committee
IFRS(s)	International Financial Reporting Standard(s)
IG	Implementation Guidance (for an accounting standard)
IN	Introduction (for an accounting standard)
JPY	Japanese yen
m	Million