Some Acronym and Abbreviation in Business Studies (Accounting).

AI-Advanced Income Tax. 
AOA- Articles Of Association.
ABC- Activity Based Costing.
AY- Accounting Year / Assessment Year.
BS- Balance Sheet.
BOM- Bill Of Material.

CA- Current Asset.
CL- Current Liability.

COGS/CGS- Cost Of Goods Sold.
EOQ- Economic Order Quantity.
EAT- Earning After Tax.

EBT- Earning Before Tax.
EBIT- Earning Before Interest And Tax.
FA- Fixed Asset.

FIFO- First In First Out.
FC- Fixed Cost.
FY- Financial Year.
GP- Gross Profit.

IAS- International Accounting Standard.
IS- Income Statement.
IY- Income Year.
JIT- Just In Time.

LIFO- Last in First Out.
MOA- Memorandum Of Association.
NAV- Net Asset Value.
NI- Net Income.
NP- Net Profit.
NOI- Net Operating Income.
NRV- Net Realizable Value.
OD- Over Draft.
PPE- Plant Property Equipment.
POS- Point Of Sale.
SLM- Straight Line Method (Method of Depreciation)
SE- Shareholders Equity.
VAT- Value Added Tax.
VC- Variable Cost.
WIP- Work In Process.
WDV- Written Down Value.