Accrued vacation refers to the liability recognized on a company’s balance sheet for vacation time earned by employees but not yet taken. This accounting term reflects the obligation to compensate employees for their earned leave, which accumulates over time. Accrued vacation is typically recorded as a current liability, as it represents a future cash outflow when employees utilize their vacation days.
CMA Prep Course
CMA Exam Academy is a proven, 16-week per part online coaching program to help you pass the CMA. The Academy’s comprehensive curriculum will help you pass the CMA exam and achieve your dreams of earning 6-figures per year, ascend to the executive ranks and earn the respect from your peers.
