Explore topic-wise InterviewSolutions in Accounts and Finance.

INFO: Full form for COMET is Client Online Mortgage Enquiry Tool in Accounts and Finance category
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INFO: Full form for CARG is Compounded Annual Rate of Growth in Accounts and Finance category
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INFO: Full form for IAI is Independent Accountants International in Accounts and Finance category
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STEP (the Society of Trust and Estate Practitioners) was founded by George Tasker in 1991 and is the international professional body for advisers who specialise in inheritance and succession planning. Its members are mainly solicitors, barristers, attorneys, accountants, tax advisers, trust officers and trust administrators as well as banking and insurance professionals in the trust field.

INFO: Full form for SAFA is Sounth Asian Federation of Accountants in Accounts and Finance category
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INFO: Full form for FAME is Financial Analysis Made Easy in Accounts and Finance category
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The Accounting and Corporate Regulatory Authority (abbreviation: ACRA) is a statutory board under the Ministry of Finance of the Singapore Government. ACRA is the regulator of business registration, financial reporting, public accountants and corporate service providers. ACRA also plays the role of a facilitator for the development of business entities and the public accountancy profession.

INFO: Full form for ACRA is Accounting and Corporate Regulatory Authority (singapore) in Accounts and Finance category
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INFO: Full form for ACRA is Associate of The Corporation of Registered Accountants in Accounts and Finance category
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Cost of living is the cost of maintaining a certain standard of living. Changes in the cost of living over time are often operationalized in a cost-of-living index. Cost of living calculations are also used to compare the cost of maintaining a certain standard of living in different geographic areas. Differences in cost of living between locations can also be measured in terms of purchasing power parity rates.

INFO: Full form for COLA is Cost of Living Adjustment in Accounts and Finance category
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Acquisition may refer to:

INFO: Full form for NAIL is Neighbors Against Inappropriate Land in Accounts and Finance category
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INFO: Full form for RTPS is Real-time Payment System in Accounts and Finance category
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INFO: Full form for CDir is Chartered Director in Accounts and Finance category
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INFO: Full form for IAFP is International Association for Financial Planning in Accounts and Finance category
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INFO: Full form for IAHA is International Association of Hospitality Accountants in Accounts and Finance category
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INFO: Full form for MAFA is Management Accounting Financial Accounting in Accounts and Finance category
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INFO: Full form for MAFA is Manual for Activity Fund Accounting in Accounts and Finance category
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INFO: Full form for AAOC is Americas Account Opening Center in Accounts and Finance category
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INFO: Full form for ASPA is Associate of The Society of Practising Accountants in Accounts and Finance category
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INFO: Full form for NAFC is National Accounting and Finance Council in Accounts and Finance category
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INFO: Full form for AADA is Adjusted Attributable Deposit Amount in Accounts and Finance category
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INFO: Full form for AIMR is Association for Investment Management and Research in Accounts and Finance category
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INFO: Full form for FAIA is Fellow of The Association of International Accountants in Accounts and Finance category
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INFO: Full form for SPOT is Secure Payment for Online Transactions in Accounts and Finance category
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The Economic Recovery Tax Act of 1981 (ERTA), or Kemp-Roth Tax Cut, was an Act that introduced a major tax cut, which was designed to encourage economic growth. The federal law enacted by the 97th US Congress and signed into law by US President Ronald Reagan. The Accelerated Cost Recovery System (ACRS) was a major component of the Act and was amended in 1986 to become the Modified Accelerated Cost Recovery System (MACRS).

Representative Jack Kemp and Senator William Roth, both Republicans, had nearly won passage of a tax cut during the Carter presidency, but Jimmy Carter feared an increase in the deficit and so prevented the bill's passage. Reagan made a major tax cut his top priority once he had taken office. The Democrats maintained a majority in the US House of Representatives during the 97th Congress, but Reagan was able to convince conservative Democrats like Phil Gramm to support the bill. The Act passed the US Congress on August 4, 1981, and was signed into law by Reagan on August 13, 1981. It was one of the largest tax cuts in US history, and ERTA and the Tax Reform Act of 1986 are known together as the Reagan tax cuts. Along with spending cuts, Reagan's tax cuts were the centerpiece of what some contemporaries described as the conservative "Reagan Revolution."

Included in the act was an across-the-board decrease in the rates of federal income tax. The highest marginal tax rate fell from 70% to 50%, the lowest marginal rate from 14% to 11%. To prevent future bracket creep, the new tax rates were indexed for inflation. Also reduced were estate taxes, capital gains taxes, and corporate taxes.

Critics of the act claim that it worsened federal budget deficits, but supporters credit it for bolstering the economy during the 1980s. Supply-siders argued that the tax cuts would increase tax revenues. However, tax revenues declined relative to a baseline without the cuts because of the tax cuts, and the fiscal deficit ballooned during the Reagan presidency.

Much of the 1981 Act was reversed in September 1982 by the Tax Equity and Fiscal Responsibility Act of 1982 (TEFRA), which is sometimes called the largest tax increase of the postwar period.

INFO: Full form for CrFA is Certified Forensic Accountant in Accounts and Finance category
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The Association of Authorised Public Accountants (AAPA) is a British professional body for public accountants.

The AAPA was formed in 1978 as a professional body for auditors recognised individually under the Companies Act 1948. AAPA achieved formal recognition by the Department of Trade and Industry in 1989 when the Companies Act received Royal Assent. In September 1991, AAPA achieved the status of a Recognised Supervisory Body and eligible AAPA members have since been entitled to use the designation Registered Auditor.

AAPA is not an examining body: all of its members have been admitted either because they have individual audit authorisation or because they have obtained a qualification from another body which is recognised for audit purposes in the UK.

At an Extraordinary General Meeting on 24 June 1996, members of AAPA voted for the body to become a subsidiary company of the Association of Chartered Certified Accountants (ACCA). AAPA is, therefore, a company limited by guarantee and registered in England. While maintaining its own separate and distinctive identity constitutionally, AAPA now benefits from a wide range of authorisation and support facilities through the ACCA.

INFO: Full form for AAPA is Associate of The Association of Authorised Public Accountants in Accounts and Finance category
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INFO: Full form for MADS is Maximum Annual Debt Service in Accounts and Finance category
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The Chartered Institute of Public Finance and Accountancy (CIPFA) is a professional institute for accountants working in the public services, national audit agencies, in major accountancy firms, and in other bodies where public money needs to be managed. It has 14,000 members. It is the only UK professional accountancy body to specialise in public services. Its qualifications include a professional qualification for public sector accountants as well as a postgraduate diploma for people already working in management.

CIPFA is a member of the Consultative Committee of Accountancy Bodies, the umbrella organisation for the British accountancy profession. It also belongs to the International Federation of Accountants.

CIPFA's regional branches cover the Channel Islands, Europe, Midlands, North East, North West & North Wales, Northern Ireland, Republic of Ireland, Scotland, South East, South West & South Wales and Yorkshire & the Humber.

INFO: Full form for PAFA is Panafrican Federation of Accountants in Accounts and Finance category
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INFO: Full form for WARM is Weather Adjusted Rate Mechanism in Accounts and Finance category
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INFO: Full form for VCM is Variable Contribution Margin in Accounts and Finance category
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INFO: Full form for POM is Piles of Money in Accounts and Finance category
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INFO: Full form for PMI is Preferred Minimum Interest in Accounts and Finance category
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INFO: Full form for CIMS is Certified Investment Management Specialist in Accounts and Finance category
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The Institute of Certified Management Accountants (ICMA) is an Australian organisation operating globally, focused on management accounting. It differs from other Australian Accounting societies: CPA Australia, Institute of Chartered Accountants of Australia, Institute of Public Accountants due to this focus.

INFO: Full form for FOMC is Federal Open Money Committee in Accounts and Finance category
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INFO: Full form for FMA is Financial Management Assessment in Accounts and Finance category
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