Professional Practice

British Accounting and Finance Association (BAFA)
The British Accounting and Finance Association (BAFA) is an organization dedicated to promoting research, teaching, and professional practice in the fields of accounting and finance.
Occupational Taxes
State or local taxes applied to various trades or businesses, encompassing permits, licenses, or fees associated with practicing specific professions such as accounting, law, and medicine.
Recognized Professional Body (RPB)
A Recognized Professional Body (RPB) refers to a professional organization that has been granted recognition by a governing authority to oversee and regulate specific professional standards and practices.
Sole Practitioner
An accounting term referring to an individual who operates their professional practice as a sole proprietor, typically applied in fields like accounting, law, or consulting.

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.