Accrued Assets

Accrued Assets

The revenue a company earns over a period of time but has not collected by the end of a reporting period. For example, if a company makes $1 million in revenue but has not collected $250,000 before it must make its quarterly statement, it lists that amount as its accrued assets. Accrued assets are also called accrued revenue.
References in periodicals archive ?
As per charge sheet, the accused during his tenure in the Fishermen Cooperative Society accrued assets worth Rs 47.6 million beyond his legal source of income.
Accused Sultan Qamar Siddiqui during his tenure in Fishermen Cooperative Society through corruption and corrupt practices accrued assets worth Rs.47.6 million beyond his legal source of income.
The police and fire pensions are poorly funded with actuarial accrued assets as a percentage of the total liability of 69% and 57%, respectively.
The benefit figure is higher, which means the police can come back to them in the future if they're found to have accrued assets."
The judge said that the charge that the politician had accrued assets disproportionate to her declared sources of income was largely unproven - that it amounted to about 8 per cent of her wealth when she became chief minister, which was "relatively small" and "within the permissible limit of 10 per cent".
This is a reflection of the government's fiscal administration policy of "Specific funding for specified purposes." In Section I, Fixed and Accrued Assets must correspond to Fixed and Accrued Liabilities; in Section II, Quota Assets corresponds to Quota Capital Liabilities; in Section III, Liquidation and Other Assets corresponds to Settlement and Other Liabilities; in Section IV, Infrastructure Fund Assets corresponds to Infrastructure Fund Liabilities; and Maintenance Project Assets corresponds to Maintenance Project Liabilities in Section V.
(3.) Conversely, a statement of position would not report: a) capital assets or long-term debt that arise from transactions or events involving the receipt or disbursement of cash or cash equivalents; b) deferred outflows of resources or deferred inflows of resources; c) prepaid items; d) supplies inventories; e) accrued assets and accrued liabilities; or f) other assets or liabilities that do not arise in connection with transactions or events involving the receipt or disbursement of cash or cash equivalents.
"Of course, he knows that we fundamentally disagree with his economic strategy but we cannot for the earth of us understand why the already accrued assets of the regional development agency should be stolen." The Government has insisted RDA assets will be disposed of in an "orderly" way that helps the local economy.
As I am English, white in colour, conscientious, having accrued assets, I wouldn't stand much of a chance now under current EU rules.
The likelihood that hundreds of small family businesses would go under, while the big firms swept up and the RCA plundered "in excess of pounds 100 million in accrued assets", was the theme of a succession of MPs who took up the cudgels on behalf of their constituents.
Celia Barlow (Lab, Hove) accused the RCA of standing to make million of pounds at the expense of the accrued assets of the very people who, arguably, were their most regular and longstanding customers.
Celia Barlow (Lab, Hove) accused the RCA of standing to make millions of pounds at the expense of the accrued assets of the very people who, arguably, were their most regular and longstanding customers.