- Trending Now: More Trending:
- exculpatory ideologue socialism uphold due process
- ALL
Examples of accrual in a Sentence
had an accrual of 0 through interest on my savings account last year
Recent Examples of accrual from the Web
-
But efforts to change the system, including a 1994 ballot initiative, were blocked by the State Supreme Court, which ruled that accruals could not be reduced during any public worker’s career.
-
Previous full-time service with any political subdivision of the state of Ohio may entitle employees to extra service credit for vacation accrual.
-
Examples include future tax deductions for past losses or an accrual for pension obligations that haven’t been deducted.
-
New hires now have a maximum sick leave accrual of 80 days and would not receive any payout of accrued sick leave upon retirement.
-
The agreement also includes reduced annual vacation accruals and higher tuition reimbursement for firefighters and stipulates that sick leave and vacation no longer count as hours worked for calculating overtime.
-
Expenses as a share of revenue in the third quarter was 65.5% because of the $1 billion litigation accrual.
-
Roberts is seeking damages for economic loss, estimating $18,000 in lost wages with a $9,000 per month accrual.
-
The bank also reported that the three-month period ending Sept. 30 included a $1 billion litigation accrual for the upcoming cost of settling previously disclosed regulatory investigations into the bank's mortgage-lending practices.
These example sentences are selected automatically from various online news sources to reflect current usage of the word 'accrual.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
Origin and Etymology of accrual
First Known Use: 1804
in the meaning defined at sense 1
See Words from the same yearaccrual Synonyms
Synonyms
accretion, addendum, addition, augmentation, boost, expansion, gain, increase, increment, more, plus, proliferation, raise, rise, step-up, supplement, uptick;
Antonyms
abatement, decline, decrease, decrement, depletion, diminishment, diminution, drop-off, fall, falloff, lessening, loss, lowering, reduction, shrinkage, step-down;
Near Antonyms
Related Words
accumulation, assemblage, collection, gathering;
accession, appendix, continuation, extension, uptrend, upturn;
Other Business Terms
Recent Examples of accrual from the Web
-
Bronin has also negotiated with several city unions to revise sick and vacation accrual policies.
-
Under accrual basis accounting, expenses are matched with the related revenues and are reported when the expense occurs, not when the cash is paid.
-
Ones with gross receipts below $25 million can use the simpler cash method of accounting rather than the accrual method; the previous ceiling was $5 million.
-
Generally, manufacturers and other companies that have inventory are required to use the accrual method, but current law exempts businesses with average annual revenue of $5 million or less.
-
In addition, the board increased Shoenberger’s vacation accrual rate from 6.5 hours to eight hours per pay period.
-
Employers who want to avoid the carry-over requirements can skip the accrual process and just offer the maximum amount of sick time at the start of the year.
-
Changing that and reducing future benefit accrual rates could profoundly reduce California pension costs.
-
The deal is worth about $240,000 and included signing bonuses and an increased vacation accrual cap.
These example sentences are selected automatically from various online news sources to reflect current usage of the word 'accrual.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
Origin and Etymology of accrual
Other Business Terms
Financial Definition of ACCRUAL
What It Is
Accruals are records of revenue and expenses in the periods in which they are incurred. They are a key component of the accrual method of accounting.
How It Works
Company XYZ must insure one of its buildings. The insurance company bills Company XYZ $600 every six months (one bill in January, the next in July). If each bill is for six months' coverage, then under the accrual method, Company XYZ would not record a $600 expense in January and a $600 expense in July (doing so would mean Company XYZ was using the cash method); it would instead record a $100 expense each month for the whole year. That is, Company would match the expense to the periods in which it is incurred: $100 for January, $100 for February, $100 for March, and so on. As you can see, accruals recognize economic events in certain periods regardless of when actual cash transactions occur.
Accrual accounting is the opposite of cash accounting, which recognizes economic events only when cash is exchanged. The accrual method is more common than the cash method, and the IRS often requires companies to use accruals when they have more than a certain level of revenues or carry inventory.
Why It Matters
Although it is more complex, harder to implement and harder to maintain than the cash method of accounting, most analysts agree that accruals provide a more accurate picture of a company's performance. That's because in any given accounting period, revenues are associated with their corresponding expenses, which gives a truer picture of the real costs of producing the revenue in a given period.
Additionally, accruals allow companies to reflect the fact that sales may have been made and expenses incurred even if cash has not changed hands yet (as is often the case with sales made on credit and similar circumstances). This in turn produces financial statements that are comparable over time.
However, one of the big drawbacks of accruals is that they tend to obscure the nature of the company's actual cash position (e.g., a company may show millions in sales but only have $10 in its cash account because its customers haven't paid yet).
Law Dictionary
- claim must be brought within two years of the date of accrual
Learn More about accrual
-
See words that rhyme with accrual Thesaurus: All synonyms and antonyms for accrual Spanish Central: Translation of accrual Nglish: Translation of accrual for Spanish speakers Britannica English: Translation of accrual for Arabic speakers
Seen and Heard
What made you want to look up accrual? Please tell us where you read or heard it (including the quote, if possible).
