Accrual

Roles that need it

• Fund Accountant
• General Accountant
• Fund Reporting Analyst
• External Audit (Financial Services)

Skills it belongs to

• Accounting fundamentals (double entry)
• Period-end close and reconciliations
• Net asset value calculation

Related concepts

• Fund accountingFund accounting is the daily or periodic bookkeeping of an investment fund: recording trades, income, expenses and capital activity, pricing the portfolio and calculating the net asset value per unit. It also covers financial statements, fee calculations and reconciliations with the custodian and the transfer agent.
• NAV (Net asset value)Net asset value (NAV) is the value of a fund's assets minus its liabilities. NAV per share, or per unit, is the NAV of a share class divided by the number of shares in issue, and it is the price at which investors subscribe to and redeem from an open-ended fund.
• Accrued interestAccrued interest is the coupon interest earned on a bond since the last coupon date that the buyer pays to the seller on settlement. Bonds are quoted at the clean price; the dirty price paid equals clean price plus accrued interest, calculated with the bond's day count convention.

Sources

• Conceptual Framework for Financial Reporting, IFRS Foundation (external site) accessed 31 Oct 2026

Updated 31 Oct 2026.