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.

Suzanne is a content marketer, writer, and fact-checker. She holds a Bachelor of Science in Finance degree from Bridgewater State University and helps develop content strategies. Crea Taylor / ...

In finance, businesses navigate a web of financial terms and metrics to ensure smooth operations and accurate financial reporting. One such crucial term that often comes into play is “Accrued Expenses ...

Accrual accounting is the GAAP-preferred practice of recording all revenues and expenses when they occur, even if payment has not yet been sent or received. In business, all financial transactions ...

Accrued interest represents the amount of interest that has accumulated on a loan, bond, or financial instrument but has not yet been paid or received by the lender or investor. It represents a ...

Ministry of Finance (MoF) recently held a workshop on the federal government’s transition from accounting on a modified cash basis framework to an accrual accounting framework. As part of the ministry ...