A graduation ceremony is a formal event where students who have completed their education, typically at a school or university level, are awarded their degrees or diplomas. The ceremony usually involves a procession of the graduates, speeches from faculty members and guest speakers, presentation of awards and honors, and the actual conferring of degrees by officials. It is an important milestone in a student's academic journey and marks the end of their formal education. Families, friends, and teachers are often invited to attend and celebrate with the graduates.