Accruals

Business / Accounting / Accruals: If during the course of a business certain charges are incurred but no invoice is received then these charges are referred to as accruals (they 'accrue' or increase in value). A typical example is interest payable on a loan where you have not yet received a bank statement. These items (or an estimate of their value) should still be included in the profit & loss account. When the real invoice is received, an adjustment can be made to correct the estimate. Accruals can also apply to the income side.

Termination Date

Business / Human Resources (HR) / Termination Date: Normally the last date actually worked by an employee; however, for employers with accrued leave programs, paid leave programs, benefit continuation programs or severance pay programs which go beyond MORE

Acid Test Ratio

Business / Finance / Acid Test Ratio: Also called the quick ratio, the ratio of current assets minus inventories, accruals, and prepaid items to current liabilities. MORE

Public Sector Net Cash Requirement

Business / Debt / Public Sector Net Cash Requirement: Formerly known as Public Sector Borrowing Requirement (PSBR), PSNCR is the difference between the expenditure of the public sector and its income. Where there is a deficit it is financed by borrowing MORE

Links
Home
Glossary
Thesaurus