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25/04/2025

Glossary - Annual Report

Accounting Centre of Excellence

DOFA's Accounting Centre of Excellence draws together accounting expertise and focuses on keeping DOFA at the forefront of international governance, budgeting and accounting developments.

Accrual


The accounting basis that brings items to account as they are earned or incurred (and not as cash received or paid) and includes them in financial statements in the related accounting period.

Actuary

Mathematician who compiles and uses statistics mainly for insurance and finance purposes.

Finance's Leadership values    The Department of Finance acknowledges the Traditional Owners and Custodians throughout Australia and their continuing connection to land, water and community.