Accrual: Difference between revisions
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imported>Doug Williamson m (Spacing.) |
imported>Doug Williamson m (Category added 9/10/13 and spacing) |
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2. ''Pensions.'' | 2. ''Pensions.'' | ||
In a defined benefit pension scheme, the build up over time of entitlement to future benefits, resulting from additional years of pensionable service. | In a defined benefit pension scheme, the build up over time of entitlement to future benefits, resulting from additional years of pensionable service. | ||
== See also == | == See also == | ||
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* [[Prepayments]] | * [[Prepayments]] | ||
* [[Provision]] | * [[Provision]] | ||
[[Category:Manage_risks]] | |||
Revision as of 14:25, 9 October 2013
1. Accounting. An amount owing - but not yet invoiced - for services or goods received during the accounting period. An accrual is a form of liability, because it represents cash that will have to be paid out in the future, for a benefit that has already been received.
2. Pensions.
In a defined benefit pension scheme, the build up over time of entitlement to future benefits, resulting from additional years of pensionable service.
