Accrual basis

 

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Accrual basis

In the context of accounting, practice in which expenses and income are accounted for as if they are earned or incurred, whether or not they have been received or paid. Antithesis of cash basis accounting.



Accrual basis

Similar Matches

Accrual Accounting Convention

Accrual Accounting Convention

An accounting system that tries to match the recognition of revenues earned with the expenses incurred in generating those revenues. It ignores the timing of the cash flows associated with revenues and expenses.


Accrual rate

Accrual rate

The rate of build-up of a pension in a scheme where the calculation is based on salary. The accrual rate is generally expressed as some fraction - for example, sixtieths - of final pay.


Interest accrual rate

Interest accrual rate

The rate at which interest accrues on a mortgage.


Accrual

Accrual

A term used in company accounts where income is due or a cost is incurred during an accounting period but has not been received or paid.


Certificate of Accrual on Treasury Securities (CATS)

Certificate of Accrual on Treasury Securities (CATS)

Refers to a zero-coupon US Treasury issue that is sold at a deep discount from the face value and pays no coupon interest during its lifetime, but returns the full face value at maturity.


Further Suggestions

Accrual bond


 
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