Answer:
Alphabet Codes For Remembering Odd Names Yielding Meanings
This may in fact be a clever way to remember the spelling of "acronym", but sadly, it's not how the word came to be. "Acronym" is a word constructed, in a conventional manner, from Greek roots: akros "tip" (also occurs in "acrostic") and -onym "name" (also occurs in "homonym").
It is the, relatively modern 20th Century, construction of new words from the initial letters of other words eg Scuba (Self Contained Underwater Breathing Apparatus) and Laser (Light Amplification by Stimulated Emission of Radiation). It is distinct from an abbreviation as it must be pronounced as a word not a series of letters.