You can't talk about bean without hearing the word accrual. Sorry for the bad pun (couldn't resist).
In accounting, the bean counters try to make information forward-looking and incorporate into the financials all of a company's assets and liabilities.
Often this forward-looking concept is achieved through someone's best guess because they have only past experience or incomplete information. So when you hear the word accrual often the word best guess comes to my mind.
We'll explore this more, but for now, just think accrual = best guess.
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