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- noun Plural form of
Sorry, no etymologies found.
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Porter showed the court a string of correspondence between Nortel's finance team and Deloitte and Touche, its independent auditor for over a century, in which Deloitte raised concerns but ultimately approved of balance sheets featuring a surplus of so-called accruals, or liabilities calculated in prior quarters.
Last questions for Bob, in terms of the SG&A costs with the end of the fiscal year coming up any kind of accruals or bonuses or anything else that we could see reverse in the fourth quarter and maybe give you a one time reduction in SG&A costs?
To deal with the wireline weakness, Verizon wants to tie pay increases more closely to job performance, make it easier to fire workers for cause, halt pension accruals this year, and require union workers to contribute to health-plan premiums.
But compared to its peers Oberoi Realty has a small land bank as it has been conservative in acquiring land, despite having strong cash accruals and equity funding.
The group of 70 wireless workers, by contrast, has already had pension accruals suspended, with no pensions for new hires, and its members already pay variable monthly rates towards their health-care premiums.
Despite the $14 billion the bank is setting aside for repurchase claims—bringing its total losses on mortgage putbacks to $22 billion since the start of 2010—it also said there remained a chance that losses from private investors could top its quarter-end accruals by another $5 billion.
The review, and inquiries from government agencies, focus on 2009 loan-loss accruals, Chief Executive Grayson Hall said on the call.
"We are expecting that we will have enough internal accruals this year that we will not have to raise funds for this investment, because right now Ssangyong has a clean balance sheet," he said.
The company, a subsidiary of Hindalco Industries Ltd, would finance the deal from internal accruals and borrowings.
The remaining potential $5 billion above accruals represents the bank's estimates on possible losses on that remaining amount of principal.
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