accrual

/ə'kru:əl/ Cách viết khác : (accruement) /ə'kru:mənt/
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accrual

Interest accrual on the savings account is calculated monthly.

Definition

Noun: 1. The act or process of accumulating; gradual increase or growth over time. This refers to the ongoing action of something (typically money, interest, benefits, or obligations) increasing in amount or being added to periodically. 2. An amount that has been accumulated. This refers to the specific sum or quantity that has built up as a result of this process.

Usage

The word "accrual" is primarily used in formal, financial, and accounting contexts. It describes the concept of recognizing revenue when it is earned and expenses when they are incurred, regardless of when cash is actually exchanged. This is a fundamental principle of accrual accounting.

Examples
  • Referring to the process:
    • The accrual of interest on the savings account happens monthly.
    • The report tracks the accrual of annual leave for each employee.
  • Referring to the accumulated amount:
    • The company recorded a significant accrual for unpaid taxes.
    • The total accrual of vacation days is now 15.
Advanced Usage
  • Accrual Accounting: A standard accounting method where revenue and expenses are recorded when they are earned or incurred, not when money is received or paid. This contrasts with "cash basis" accounting.
    • Most large businesses use accrual accounting to provide a more accurate financial picture.
  • Accrual Basis: The foundation of accrual accounting.
    • The financial statements are prepared on an accrual basis.
Variants and Related Words
  • Accrue (verb): To accumulate or receive (payments or benefits) over time.
    • Interest will accrue on the loan.
  • Accrued (adjective): Describing something that has been accumulated but not yet paid or received.
    • The company has accrued liabilities.
  • Accruement (noun): A less common synonym for "accrual."
Synonyms
  • Accumulation: The process of gathering or increasing a quantity.
  • Accretion: A gradual growth or increase, often by external addition.
  • Build-up: A gradual accumulation or increase.
Antonyms
  • Dispersal: The action of distributing things over a wide area.
  • Decrease: A reduction in size, amount, or intensity.
  • Dispersion: The action of spreading things over a wide area.
accrual

Interest accrual on the savings account is calculated monthly.

Noun
  1. the act of accumulating

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