Explore topic-wise fullforms in Accounts and Finance

INFO: Full form for ETP is Evaluated Total Price in Accounts and Finance category
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INFO: Full form for GSC is Global Steering Committee in Accounts and Finance category
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INFO: Full form for GAT is General Any Topic in Accounts and Finance category
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For households and individuals, gross income is the sum of all wages, salaries, profits, interest payments, rents, and other forms of earnings, before any deductions or taxes. It is opposed to net income, defined as the gross income minus taxes and other deductions (e.g., mandatory pension contributions).

For a firm, gross income (also gross profit, sales profit, or credit sales) is the difference between revenue and the cost of making a product or providing a service, before deducting overheads, payroll, taxation, and interest payments. This is different from operating profit (earnings before interest and taxes). Gross margin is often used interchangeably with gross profit, but the terms are different. When speaking about a monetary amount, it is technically correct to use the term gross profit; when referring to a percentage or ratio, it is correct to use gross margin. In other words, gross margin is a percentage value, while gross profit is a monetary value.

INFO: Full form for GOP is Gift of Propriety in Accounts and Finance category
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INFO: Full form for ISN is Internal Sequence Number in Accounts and Finance category
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Instant payment notification (IPN) is a method for online retailers to automatically track purchases and other server-to-server communication in real time. This allows E-commerce systems the opportunity to store payment transactions, order information and other sales internally. IPN messages can represent payment success or failures, order transaction status changes, accounting ledger information and many others depending on the payment gateway.

The payments industry is an evolving market, technology like IPN and instant payment are now used in the retail market and in the domestic sphere, but they are expected to evolve into the corporate, B2B segment and cross-border space.

INFO: Full form for CRP is Cost Recovery Price in Accounts and Finance category
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INFO: Full form for CPL is Cost Per Lead in Accounts and Finance category
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The London Institute of Banking & Finance is the oldest training and professional body for banking and financial services in England and Wales, and works internationally with partners to establish high ethical and professional standards across the sector around the world. In 2019, the Institute celebrated its 140th anniversary with a series of events and the publication of Banking on Change. It also hosted the 23rd World Conference of Banking Institutes.

The Incoterms or International Commercial Terms are a series of pre-defined commercial terms published by the International Chamber of Commerce (ICC) relating to international commercial law. They are widely used in international commercial transactions or procurement processes and their use is encouraged by trade councils, courts and international lawyers. A series of three-letter trade terms related to common contractual sales practices, the Incoterms rules are intended primarily to clearly communicate the tasks, costs, and risks associated with the global or international transportation and delivery of goods. Incoterms inform sales contracts defining respective obligations, costs, and risks involved in the delivery of goods from the seller to the buyer, but they do not themselves conclude a contract, determine the price payable, currency or credit terms, govern contract law or define where title to goods transfers.

The Incoterms rules are accepted by governments, legal authorities, and practitioners worldwide for the interpretation of most commonly used terms in international trade. They are intended to reduce or remove altogether uncertainties arising from the differing interpretations of the rules in different countries. As such they are regularly incorporated into sales contracts worldwide.

"Incoterms" is a registered trademark of the ICC.

The first work published by the ICC on international trade terms was issued in 1923, with the first edition known as Incoterms published in 1936. The Incoterms rules were amended in 1953, 1967, 1976, 1980, 1990, 2000, and 2010, with the ninth version — Incoterms 2020 — having been published on September 10, 2019.

INFO: Full form for CFR is Contract Financial Requirements in Accounts and Finance category
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The Central Provident Fund Board (abbreviation: CPFB), commonly known as the CPF Board or simply the Central Provident Fund (abbreviation: CPF) is a compulsory comprehensive savings and pension plan for working Singaporeans and permanent residents primarily to fund their retirement, healthcare, and housing needs in Singapore.

The CPF is an employment-based savings scheme with the help of employers and employees contributing a mandated amount to the fund for their benefits.

It is administered by the Central Provident Fund Board, a statutory board operating under the Ministry of Manpower which is responsible for investing contributions. The Global Pension Index, an index that assesses retirement income systems, placed Singapore as the best within in Asia and 7th worldwide in 2020.

INFO: Full form for CPE is Certified Public Expenditure in Accounts and Finance category
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INFO: Full form for COPS is Cost of Produced Sales in Accounts and Finance category
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INFO: Full form for COPS is Computerized Online Payment Service in Accounts and Finance category
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INFO: Full form for CED is Coverage with Evidence Development in Accounts and Finance category
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