Apr 4, 2008 07:47
16 yrs ago
1 viewer *
English term
airport accrual clearing
English
Bus/Financial
Aerospace / Aviation / Space
chart of account
name of account
Change log
Apr 4, 2008 07:53: Steffen Walter changed "Term asked" from "Airport accrual clearing" to "airport accrual clearing" , "Field (specific)" from "Accounting" to "Aerospace / Aviation / Space"
Discussion
As well as using accruals to normalise real expenditure they can be used to quantify risk exposure and provide a fund for corrective action. If the text refers to an airport project then the accruals would be cleared or re-allocated when risks had been mitigated or resolved with less than the accrual amount.