ACB is an acronym that stands for multiple meanings depending on the context it is used in.
In the field of finance and accounting, ACB is commonly recognized as the acronym for Adjusted Cost Base. The Adjusted Cost Base refers to the cost of an investment adjusted for various factors such as commissions, fees, dividends, and capital distributions. It is used to determine the capital gains or losses when selling an investment to assess the taxable amount. The ACB is calculated by taking the original purchase price and adding the adjustments made throughout the holding period of the investment.
ACB also represents the initials of various organizations, institutions, or entities. For instance, ACB can stand for the Association of Cricket for the Blind, an international organization that promotes and organizes cricket for visually impaired individuals. ACB can also refer to the American Council of the Blind, a non-profit organization advocating for the rights and well-being of individuals with visual impairments.
Furthermore, ACB is also the abbreviation for the Asian Cricket Board, which is the governing body for the sport of cricket in Asia. It oversees and organizes cricket tournaments and events in the region. Additionally, ACB may stand for Australian Classification Board, which is responsible for classifying films, television shows, and video games in Australia to ensure they adhere to appropriate content rating standards.
