Education

Accounting and Finance Association of Australia and New Zealand (AFAANZ)
AFAANZ is a professional organization dedicated to fostering excellence in accounting and finance practices across Australia and New Zealand through research, education, and community engagement.
Accounting and Financial Women's Alliance (AFWA)
The Accounting and Financial Women's Alliance (AFWA) is a U.S. organization focused on promoting the career advancement of women in accounting and related fields through education, networking, and publicity.
Association of Corporate Treasurers (ACT)
The Association of Corporate Treasurers (ACT) is an organization established to encourage and promote the study and practice of treasury management in companies. Despite being relatively small compared to professional accounting bodies, it has made a significant impact in corporate treasury management.
Brain Drain
Brain drain refers to the migration of highly skilled and educated individuals from one country to another, often in search of better career prospects, living conditions, or educational opportunities.
Class
The term 'class' has versatile meanings across different fields such as education, finance, and law. It commonly refers to a group sharing common characteristics, whether in a school, investment category, or legal context.
Education: An Overview
Education is the process of facilitating learning or the acquisition of knowledge, skills, values, beliefs, and habits. It spans various domains, including formal, informal, non-formal, and special education.
Exempt Supplies
Exempt supplies refer to categories of goods or services that are not subject to Value Added Tax (VAT) as stipulated under the Value Added Tax Act 1994.
Homework
Homework refers to tasks assigned to students or employees to be completed outside of regular academic or work hours. The term encompasses both educational assignments for students and job-related tasks for employees.
Lifetime Learning Credit
The Lifetime Learning Credit is a tax credit available to students of any age for any type of study, aimed at offsetting education-related expenses. Worth up to $2,000, it can significantly reduce the amount of tax owed by taxpayers who qualify.
Public Corporations
Corporations created by federal, state, and local governments for specific public purposes, including education, health and hospitals, waste removal, and transportation.
Résumé
A résumé is a concise statement of one's background, education, and work experiences. It serves as a marketing tool aimed at securing an interview for employment.
Service Economy
A service economy is an economic structure where the majority of activities and jobs are centered around services rather than manufacturing, agriculture, or extraction. In such economies, the service sector dominates, offering various non-tangible goods such as healthcare, information technology, education, finance, and entertainment.
Unemployable
Individuals who are not employable due to a lack of skills, education, and experience, often resulting in chronic unemployment.
Unskilled
Describing an individual having no formal skills, training, or education. Unskilled workers are the least employable and most easily replaced through automation.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.