accrued expense (english) - meaning, definition, translation, pronunciation

Part of Speech

Noun

Phonetic Transcription

/əˈkruːd ɪkˈspɛns/

Meaning and Usage

An accrued expense refers to an expense that has been incurred but not yet paid or recorded in the accounts. It is a key concept in accrual accounting, where revenues and expenses are recognized when they are earned or incurred, regardless of when cash is exchanged. Accrued expenses are crucial for providing an accurate financial picture of a company, as they ensure that all liabilities associated with incurred costs are reflected in the financial statements.

Frequency of Use: The term is commonly used in financial and accounting contexts. It is more frequently used in written form, particularly in financial reports, accounting textbooks, and business communications, than in casual oral speech.

Example Sentences

1. The company had significant accrued expenses at the end of the fiscal year, reflecting its unpaid obligations.
   Компания имела значительные начисленные расходы на конец финансового года, что отражало её неплатежеспособные обязательства.

2. To prepare for the audit, the accountant made sure that all accrued expenses were accurately recorded.
   Чтобы подготовиться к аудиту, бухгалтер убедился, что все начисленные расходы были точно зарегистрированы.

3. As part of the closing process, we review all accrued expenses to ensure that nothing is overlooked.
   В рамках процесса закрытия мы проверяем все начисленные расходы, чтобы убедиться, что ничего не упущено.

Idiomatic Expressions

While "accrued expense" itself is a technical term and is not frequently part of idiomatic expressions, the concept of accruing finances or expenses can be related to financial idioms used in business contexts. Here are a few relevant phrases:

1. A penny saved is a penny earned.
   Сэкономленный цент — это заработанный цент.

2. This emphasizes the importance of savings, which connects to careful accounting and understanding of accrued expenses.

3. Cut your losses.
   Сократите свои убытки.

4. This phrase means to stop the losses, relating to managing accrued expenses effectively so they don’t increase.

5. In the red.
   В минусе.

6. This phrase describes a financial situation where expenses exceed revenues, highlighting the importance of tracking accrued expenses to avoid being "in the red."

7. Cash is king.
   Наличные — это король.

8. This reflects the priority of liquidity in business, indirectly emphasizing the management of accrued expenses to maintain cash flow.

9. No pain, no gain.
   Без труда не вытащишь и рыбку из пруда.

10. This suggests that accruing expenses may be necessary for future profits, indicating the investment side of business financials.

Etymology

The term accrue comes from the Latin word accruere, meaning "to grow or increase." The word expense derives from the Latin expensum, meaning "a weighing out," which relates to the idea of spending or outflowing resources.

Synonyms and Antonyms

Synonyms: - Accrued liability - Outstanding expenses - Incurred costs

Antonyms: - Paid expense - Settled accounts - Liquidated obligations