GLOSSARY

Accruals

IN PLAIN ENGLISH

Income and costs recorded when they're earned or incurred, not when the cash actually moves.

WHERE YOU MEET IT

Not shown. It's the gap between profit and operating cash flow in a company's accounts.

WATCH OUT FOR

Profit that outruns cash year after year is worth a question.

EXPLAINED IN

Earnings-based vs cash-based payout ratios

Educational content only. It is not personal financial advice.