An accrual rate is the interest percentage added to the principal of a financial product between payments. Learn how it applies to bonds, mortgages, and vacation time.

Katrina Ávila Munichiello is an experienced editor, writer, fact-checker, and proofreader with more than fourteen years of experience working with print and online publications. Oracle applications ...

Every year, for decades, the City of Chicago claimed to balance its budget as required by state law. Yet the City of Chicago still accumulated many billions of dollars of unfunded but real obligations ...

Accruals in accounting are income earned and revenue incurred that are recorded as transactions occur, rather than upon completion of payment or delivery. Accruals are the basis of the accrual method ...

Quarter-end accrual refers to money that has been earned in that business quarter but has yet to be received. Income always has to be recorded in the accounting period, in this case the quarter, ...

Accountants often talk about booking an accrual journal entry or having to accrue a transaction, and if that is not your industry, you might wonder what they mean by this. In short, Accountants need ...

There are many industries where companies provide goods or services but aren’t immediately paid for them. From an accrual basis accounting standpoint, these represent accrued revenue for the company.

Accrual accounting has the potential to improve governance, internal controls, and risk management within government and in public sector entities. The Cabinet last year approved a major shift in ...