Reviewed by David Kindness Fact checked by Vikki Velasquez An accrual has occurred but has not yet been paid for. This can ...

Companies that use accrual accounting can book revenue ... can also be a haven for off-balance sheet reporting of some expenses that are not transparently realized. Ownership in non-transparent ...

This financial obligation is recorded on the company’s balance sheet as a liability because ... (GAAP), mandate the recognition of accrued expenses, including interest. Recording accrued ...