accrual

(redirected from Accrued benefit)
Also found in: Dictionary, Thesaurus, Legal, Financial.
Related to Accrued benefit: Accrued Benefit Cost Method

accrual

A term of art referring to the number of patients in a study or clinical trial.

accrual,

n continually recurring short-term liabilities. Examples are accrued wages, taxes, and interest.
References in periodicals archive ?
Under the rule, a plan is permitted to explicitly bifurcate the accrued benefit so that the plan provides that the requirements of [sec] 1.
In its Preliminary Views, the board chose to 1) amortize the unfunded accrued benefit obligation over the employee's remaining service, and 2) report each year's portion as an expense.
Five year cliff vesting: An employee who has at least five years of service must have a nonforfeitable right to 100% of his accrued benefit derived from employer contributions.
However, a plan amendment that changes a vesting schedule will not be treated as satisfying the vesting requirements of ERISA and the Code if the nonforfeitable percentage of the accrued benefit derived from employer contributions (determined as of the later of the date such amendment is adopted or becomes effective) of any employee who is a participant in the plan is less than such nonforfeitable percentage computed under the plan without regard to such amendment.
Furthermore, under current GASB standards, the calculation of the employer's unfunded accrued benefit obligation is reduced by anticipated earnings on amounts placed in trust.
For cash balance or hybrid plans, the accrued benefit may be expressed as an annuity payable at retirement age, the balance of a hypothetical account, or the current value of the cumulative percentage of the employee's final compensation.
Most importantly, for cash balance or hybrid plans, the accrued benefit may be expressed as an annuity payable at retirement age, the balance of a hypothetical account, or the current value of the cumulative percentage of the employee's final compensation.
In the published article, a taller cylinder represents a greater amount of benefits accruing to the potential beneficiary, while a shorter cylinder represents little accrued benefit.
said Tuesday its group net and pretax profits rose for the third consecutive year in fiscal 2004, due partly to a decrease in accrued benefit costs and good performance in its feed and distribution businesses.
Thus having an accurate number for the accrued benefit expense and tax deduction is not possible without significant allocations that, even if affected, would appear to be of little value.
In a cash-balance plan conversion, the employer determines an employee's accrued benefit under the old plan.