Accrued: meaning, definitions and examples
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accrued
[ əˈkruːd ]
financial context
Accrued refers to the accumulation of something over time, usually in relation to financial assets or liabilities. In accounting, it describes the recognition of revenue or expenses that have been incurred but not yet recorded. This principle ensures that financial statements present a fair view of the company's financial position.
Synonyms
accumulated, amassed, collected.
Examples of usage
- Interest accrued on the loan.
- The company's accrued expenses were reported in the balance sheet.
- She accrued vacation days throughout the year.
- The accrued revenue will be recognized in the next accounting period.
Translations
Translations of the word "accrued" in other languages:
🇵🇹 acumulado
🇮🇳 अर्जित
🇩🇪 angehäuft
🇮🇩 terakumulasi
🇺🇦 нарахований
🇵🇱 narosły
🇯🇵 蓄積された
🇫🇷 accumulé
🇪🇸 acumulado
🇹🇷 biriken
🇰🇷 누적된
🇸🇦 متراكم
🇨🇿 nahromaděný
🇸🇰 nahromadený
🇨🇳 累计的
🇸🇮 nabrani
🇮🇸 safnað
🇰🇿 жинақталған
🇬🇪 აგროვილი
🇦🇿 yığılan
🇲🇽 acumulado
Etymology
The term 'accrued' originates from the Latin word 'accruere,' which means to grow or to increase. It entered the English language in the early 17th century, primarily used in accounting and legal contexts. Over the years, the usage of the word has expanded to include various financial and business-related contexts, emphasizing the importance of recognizing and reporting income and expenses in a timely manner. In modern finance, accrued accounting is a crucial aspect, ensuring that all financial aspects are accurately recorded, reflecting the true financial standing of a business. The evolution of the word reflects the growing complexity of financial systems and the need for transparency in financial reporting.