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The word "accruals" is a correct and usable word in written English.
It refers to a type of accounting that involves recognizing income and expenses as they are earned and incurred rather than when they are received or paid out. For example, “The company's accruals for the fiscal year showed an overall positive balance of $10,000 dollars.”.
Dictionary
accruals
noun
Plural of accrual
synonyms
Exact(48)
Such accruals have grown rapidly in recent years.
Benefits already accrued should be honoured, but future accruals should be curtailed, where legally possible.
Now Barclays is proposing to stop future accruals for its 18,000 existing members from December.The effect will be to freeze retirement benefits already earned, since they will be based on current salaries uprated for inflation.
They have also been found to be more likely to reduce investment in research and more likely to rack up discretionary accruals before retiring.
Taking out a loan means a saver misses out on valuable accruals.
In the past accounting fixes, such as playing around with accruals, allowed executives to hit their quarterly targets while keeping up long-term spending.
Both of these things permanently freeze your pension benefit at its current value, because there will be no new accruals.
However, those rights were already being eroded, with many quoted-company schemes being closed to new members or to future accruals for existing employees.
Similar(3)
This next stage will be less spectacular, thanks to accrual accounting, in which loan losses are realised gradually and offset by reserves.
In 2003 a Liberal finance minister changed the budget to full accrual accounting, which recognises revenues and costs when they are earned and incurred.
Loans were illiquid and accounted for on an accrual basis in the "banking book" rather than on a mark-to-market basis in the "trading book".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com