Learn the key differences between accrued expenses and accounts payable. Understand how businesses account for these costs and manage their financial obligations.

According to the CFA Institute, a balance sheet-based accruals ratio is "the difference between net operating assets at the end and the beginning of the period compared to the average net operating ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

Payroll accruals are sums that your business owes to workers for hours they have worked. Because few companies pay employees immediately, there is usually a lag time between the end of a pay period ...

Every year, for decades, the City of Chicago claimed to balance its budget as required by state law. Yet the City of Chicago still accumulated many billions of dollars of unfunded but real obligations ...