Pronunciation: /əˈkruəl/
noun the act of accumulating or receiving something over time, especially benefits or payments
A1 Accrual of vacation days happens gradually over time.
A2 The company uses accrual accounting to track its expenses.
B1 Accruals are an important part of financial reporting for businesses.
B2 The accrual of interest on the loan is calculated monthly.
C1 Accruals can sometimes lead to discrepancies in financial statements if not properly managed.
C2 The accrual of revenue is recognized when it is earned, regardless of when payment is received.
adjective related to the process of accruing something
A1 The company uses an accrual accounting method to track its expenses.
A2 Accrual basis accounting recognizes revenue and expenses when they are incurred, regardless of when cash is exchanged.
B1 Accrual accounting provides a more accurate picture of a company's financial position compared to cash basis accounting.
B2 Accruals are adjustments made to ensure that expenses and revenues are recorded in the period they are earned or incurred, rather than when cash is exchanged.
C1 Accruals can include items such as accounts receivable, accounts payable, and accrued expenses.
C2 Accrual accounting requires a deep understanding of financial principles and regulations to ensure accurate reporting.
formal The company uses accrual accounting to record revenue and expenses when they are earned or incurred, regardless of when the cash is actually received or paid.
informal Accrual accounting is like keeping track of money you've earned but haven't received yet.
slang I'm not sure how the whole accrual thing works, but it's supposed to make the financial statements more accurate.
figurative Just like interest accrues over time, so do the company's expenses and revenues in accrual accounting.
accruals
accrues
will accrue
has accrued
is accruing
accrual
more accrual
to accrue
accruing
accrued