What does SOP stand for in accounting?

Answer In accounting, SOP stands for "statement of position." The American Institute of Certified Public Accountants (AICPA) publishes statements of position for auditing, attestation and accounting purpo... Read More »

Top Q&A For: What does SOP stand for in accounting

What does G&A stand for in accounting?

G&A is an accounting acronym that typically refers to the indirect overhead costs associated with general and administrative expense and cost categories. The term SG&A also includes costs associate... Read More »

What does a/p stand for in accounting terms?

According to, the accounting term AP stands for accounts payable. Simply put, accounts payable are debts due. Accounts payable are classified as current liabilities on a balance sheet... Read More »

What does the accounting term GAAP stand for?

Generally accepted accounting principles, or GAAP, are a series of principles and methods that are adopted by the accounting community of a given country. They allow business entities within the co... Read More »

Can Financial Accounting Decisons Be Made Without Management Accounting?

Financial and management accounting coexist well in many firms. Both types of accounting can be integrated with the advent of the enterprise resource planning software (ERP), which connects both sy... Read More »