Appendix H — Abbreviations
|
Abbreviation
|
Description
|
|---|---|
|
AC
|
acquiring company
|
|
AETR
|
annual effective tax rate
|
|
AFS
|
available for sale
|
|
AGUB
|
adjusted grossed-up basis
|
|
AICPA
|
American Institute of Certified Public Accountants
|
|
AMT
|
alternative minimum tax
|
|
AOCI
|
accumulated other comprehensive income
|
|
APB
|
Accounting Principles Board
|
|
APIC
|
additional paid-in capital
|
|
ASC
|
FASB Accounting Standards Codification
|
|
ASU
|
FASB Accounting Standards Update
|
|
BCF
|
beneficial conversion
feature
|
|
BEAT
|
base erosion anti-abuse tax
|
|
BEMTA
|
base erosion minimum tax amount
|
|
CAD
|
Canadian dollar
|
|
CCF
|
cash conversion feature
|
|
CE
|
constituent entity
|
|
CEO
|
chief executive officer
|
|
CFC
|
controlled foreign corporation
|
|
CFO
|
chief financial officer
|
|
CFR
|
Code of Federal Regulations
|
|
CIMA
|
Chartered Institute of
Management Accountants
|
|
CNIT
|
corporate net income tax
|
|
CPP
|
cash purchase price
|
|
CTA
|
cumulative translation adjustment
|
|
DTA
|
deferred tax asset
|
|
DTL
|
deferred tax liability
|
|
E&P
|
earnings and profits
|
|
ED
|
exposure draft
|
|
EITF
|
FASB’s Emerging Issues Task Force
|
|
EPS
|
earnings per share
|
|
ESOP
|
employee stock ownership plan
|
|
ESPP
|
employee stock purchase plan
|
|
ETR
|
effective tax rate
|
|
FAQ
|
frequently asked question
|
|
FASB
|
Financial Accounting Standards Board
|
|
FBB
|
final book basis
|
|
FCC
|
Federal Communications Commission
|
|
FDII
|
foreign-derived intangible income
|
|
FRM
|
SEC Division of Corporation Finance’s Financial Reporting
Manual
|
|
FTC
|
foreign tax credit
|
|
GAAP
|
generally accepted accounting principles
|
|
GILTI
|
global intangible low-taxed income
|
|
GloBE
|
global anti-base erosion
|
|
HTM
|
held to maturity
|
|
IAS
|
International Accounting Standard
|
|
IASB
|
International Accounting Standards Board
|
|
IFRIC
|
IFRS Interpretations Committee
|
|
IFRS
|
International Financial Reporting Standard
|
|
IIR
|
income inclusion rule
|
|
IPO
|
initial public offering
|
|
IPTF
|
CAQ’s International Practices
Task Force
|
|
IRC
|
Internal Revenue Code
|
|
IRS
|
Internal Revenue Service
|
|
ISO
|
incentive stock option
|
|
ITC
|
investment tax credit
|
|
LC
|
local currency
|
|
LICTI
|
life insurance company taxable income
|
|
LIFO
|
last in, first out
|
|
LLC
|
limited liability company
|
|
LTCE
|
low-taxed constituent entity
|
|
MD&A
|
Management’s Discussion and Analysis
|
|
MNE
|
multinational enterprise
|
|
NFP
|
not-for-profit entity
|
|
NOL
|
net operating loss
|
|
NQSO
|
nonqualified option
|
|
OCI
|
other comprehensive income
|
|
OECD
|
Organisation
for Economic Co-operation and Development
|
|
OTTI
|
other-than-temporary impairment
|
|
PBE
|
public business entity
|
|
PCAOB
|
Public Company Accounting Oversight Board
|
|
PP&E
|
property, plant, and equipment
|
|
PTI
|
percentage of taxable income
|
|
QAHP
|
qualified affordable housing project
|
|
Q&A
|
question and answer
|
|
QBAI
|
qualified business asset investment
|
|
QDMTT
|
qualified domestic minimum
top-up tax
|
|
R&D
|
research and development
|
|
REIT
|
real estate investment trust
|
|
RIC
|
regulated investment company
|
|
ROU
|
right of use
|
|
SAB
|
SEC Staff Accounting Bulletin
|
|
SAR
|
share appreciation right
|
|
SEC
|
U.S. Securities and Exchange Commission
|
|
SFAS
|
Statement of Financial Accounting Standards
|
|
SFC
|
specified foreign corporation
|
|
SUI
|
significant unusual or infrequently occurring
|
|
TC
|
target company
|
|
TTB
|
total tax benefit
|
|
UPE
|
ultimate parent entity
|
|
USD
|
U.S. dollar
|
|
UTB
|
unrecognized tax benefit
|
|
UTPR
|
undertaxed profits rule
|
|
VIE
|
variable interest entity
|
|
YTD
|
year to date
|