"Accruals" Example Sentences
1. The company's financial statements account for accruals at the end of each quarter.
2. The accruals on the balance sheet need to be adjusted annually.
3. Accruals can be classified as either assets or liabilities.
4. Without proper accruals, financial reports may be inaccurate.
5. The accruals for payroll expenses were higher than anticipated.
6. Accruals should be recorded at the end of each accounting period.
7. The company's accounting team is responsible for calculating accruals.
8. Extra caution should be exercised when dealing with large accruals.
9. The auditors must verify the company's accruals before signing off on financial statements.
10. The accruals for interest and taxes were significantly higher this year.
11. Accruals can be used to estimate future expenses.
12. Accruals allow for a more accurate reflection of a company's financial health.
13. Proper accruals are essential for creating reliable financial statements.
14. Accruals can impact a company's bottom line.
15. The accruals for unpaid rent were a significant liability for the company.
16. Accruals can be a useful tool for predicting future cash flows.
17. The accruals for warranty expenses were much lower than expected.
18. Failure to record accruals can lead to significant financial loss for a company.
19. The company's financial health is often judged by the accuracy of its accruals.
20. Accruals can affect a company's tax liability.
21. Proper accruals can help a company plan for future expenses more effectively.
22. The accruals for unpaid employee benefits were a significant liability for the company.
23. Accruals can be adjusted if unexpected expenses arise.
24. Accruals must be carefully monitored to ensure accuracy and compliance with accounting standards.
25. The accruals for bad debts were significantly higher this quarter.
26. Accruals can provide insight into a company's growth and profitability.
27. Companies may use accruals to match expenses with revenue more accurately.
28. The accruals for lease expenses were a significant liability for the company.
29. Proper accruals are necessary for companies to comply with GAAP standards.
30. The auditor's opinion on a company's financial statements is greatly influenced by the accuracy of its accruals.
Common Phases
1.
Accruals are a key component of accounting;
2.
Accruals represent the amount of revenue or expense that has been earned or incurred but not yet paid or received;
3.
Accruals help provide a more accurate picture of a company's financial position;
4.
Accruals are used to adjust financial statements for items that have not yet been paid or received;
5.
Accruals can impact a company's net income and cash flow statements;
6.
Accruals are necessary to comply with Generally Accepted Accounting Principles (GAAP);
7.
Accruals can be classified as either current or long-term, depending on when they are expected to be paid or received;
8.
Accruals are often used in businesses that have long lead times between the time a transaction occurs and the time it is paid or received.