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Financial Accounting for Local and State School Systems: 2009 Edition
NCES 2009-325
June 2009

Appendix C—Glossary of Acronyms

Included in this appendix are acronyms used throughout this handbook. Following the acronym is the definition.

AcSEC
Accounting Standards Executive Committee
ADA
average daily attendance
ADM
average daily membership
AICPA
American Institute of Certified Public Accountants
APB
Accounting Principles Board
ASBO
Association of School Business Officials
CAFR
Comprehensive Annual Financial Report
CCD
Common Core of Data
ESOL
English for Speakers of Other Languages
FASB
Financial Accounting Standards Board
FTE
full-time equivalent
GAAP
Generally Accepted Accounting Principles
GASB
Governmental Accounting Standards Board
GFOA
Government Finance Officers Association
GPFS
general-purpose financial statements
HVAC
heating, ventilating, and air conditioning
IRS
Internal Revenue Service
MD&A
Management's Discussion and Analysis
NCES
National Center for Education Statistics
NPEFS
National Public Education Financial Survey
OPEB
other postemployment benefits
PC
personal computer
PTA
Parent-Teacher Association
PTO
Parent-Teacher Organization
RSI
Required Supplementary Information
SAS
Statement of Auditing Standards
USDA
U.S. Department of Agriculture
ZBB
Zero-Based Budgeting

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