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accrue
(redirected from accruals)

   Also found in: Dictionary/thesaurus, Legal 0.02 sec.
accrue

To accumulate; grow. A $100,000 loan at 7 percent interest accrues interest at the rate of $7,000 per year, or $19.18 per day. The mortgage holder on a property being sold will typically tell the closing company a payoff amount accurate as of the anticipated closing date, with a daily accrual for each day closing is delayed.



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Year 2 Section 404 GAAP/Accounting Failures Tax Accruals, Deferrals, etc.
Companies that book high rates of accruals or employ other so-called "aggressive" accounting techniques are more likely to face shareholder lawsuits--even lawsuits not related to the accounting--according to a new study from Criterion Research Group LLC.
According to the survey, the leading causes for the restatements were revenue recognition; equity accounting; and reserves, accruals and contingencies.
 
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