Instead of the NATO alphabet, accountants are encouraged to adopt the new Accountants' alphabet when spelling things out. So no more Alpha, Bravo, Charlie, Delta. Instead we now have:
- A for Assets
- B for Balancing
- C for Capital
- D for Delete
- E for Excel
- F for Finance
- G for Goodwill
- H for HMRC
- I for Insolvency
- J for Journals
- K for Kiting - the fraudulent use of a financial instrument to obtain additional credit that is not authorised
- L for Liability
- M for Materiality
- N for Notes to accounts
- O for Off-balance sheet
- P for Profit
- Q for Qualifications
- R for Reconciliation
- S for Support staff
- T for Tax
- U for Uncertainties
- V for Value
- W for Winding up
- X for breakfast
- Y for Yearly
- Z for Zero-based budgeting
No comments:
Post a Comment