Remember when you sat in that meeting to discuss the latest product launch and you heard a twenty something roll through a virtual alphabet soup of social media acronyms, only five of which you knew.
Right then and there you made a commitment to yourself; “Never again, this is to important.”
Well now that we’ve all got our social media abbreviations down cold… um, well at least the most relevant ones. You need to step up again.
This time to cut through the same type of business development and finance mumbo jumbo. Afterall, not knowing what something means is not only quite annoying, but also directly impacts your ability to make the right decision for you and your business.
I’m here to help. The purpose of the list below is to make sure that you never get caught short again. It’s a quick reference guide to the most commonly used business development and finance acronyms.
- ARPU – average revenue per user
- ASP – average selling price
- BMG – business model generation
- BMI – business model innovation
- CAGR – compounded annual growth rate
- CAPEX – capital expenditure
- CAPM – capital asset pricing model
- CFC – consumption of fixed capital
- CFS – consolidated financial statement
- COGS – cost of goods sold
- C&F – cost with freight
- EAR – effective annual rate
- EBIT – earning before interest and taxes
- EBITDA – earnings before interest, taxes, depreciation, and amortization
- EDI – electronic data exchange
- EFT – electronic funds transfer
- EPS – earnings per share
- EXP – export
- FASB – financial accounting standards board
- FOB – freight on board
- FRA – forward rate agreement – agreement to borrow or lend at a specified future date at an interest rate that is fixed today
- FIFO – first in – first out inventory recording
- FX – foreign exchange
- GAAP – generally accepted accounting principals
- GP – gross profit
- GL – general ledger
- GSV – gross sales value
- ICB – industry classification benchmark
- IR – interest rate
- KPI – key performance indicator
- LOC – letter of credit
- LIFO – last in, first out inventory recording
- MOQ – minimum order quantity
- MVP – minimum viable product
- NAV – net asset value
- NPV – net present value
- OC – opportunity cost
- P&L – profit and loss statement
- PBT – profit before taxes
- PAT – profit after taxes
- RE – retained earnings
- RFQ – request for quote
- SG&A – sale, general, and administrative expenses
- SOX – sarbanes and oxley
- TCO – total cost of ownership
- WACC – weighted average cost of capital
- WC – working capital
