Accounting

American Group of Aviation Safety Studies

A U.S. group for aviation safety educators. It supports training in flight safety practices.

Association of Licensed Certified Public Accountants

A professional organization for CPAs that provides continuing education, professional standards guidance, and advocacy on regulatory issues affecting accounting practice.

Board of Advanced Certified Public Accountants

A specialized certification body that recognizes accountants with expertise beyond standard CPA requirements in areas such as forensic accounting, international taxation, or advanced financial analysis.

Board of Forensic Certified Public Accountants

A specialized certification body for accountants who specialize in fraud investigation, litigation support, and expert witness testimony in financial disputes and criminal cases.

Council of Financial Accounting and Compliance

An advisory body that provides guidance on implementing accounting standards, financial reporting requirements, and regulatory compliance across various industries.

Council on Greenhouse Gas Accounting

An organization that establishes methodologies, standards, and verification procedures for measuring, reporting, and reducing carbon emissions across various industries and operations.

First In, First Out

An inventory management and accounting method where the first items purchased or produced are the first ones sold or used. FIFO assumes that the oldest inventory items are sold first, which typically results in ending inventory that closely matches current replacement costs and is widely used in industries with perishable goods.

Last In, First Out

An inventory valuation method where the most recently acquired items are recorded as sold first. LIFO assumes that newer inventory is sold before older inventory, potentially resulting in lower reported profits and tax liabilities during periods of inflation, though it may not reflect the actual physical flow of goods.