Accounting with SAP R/3
The assignment of an organization's receipts and expenditure to particular periods, for purposes of calculating the net income for a given period.
A distinction is made between:
An accrual any expenditure before the closing key date which represents an expense for any period after this date.
Deferred income is any receipts before the closing key date which represent revenue for any period after this date.
[vgl. www.sapinfo.net/glossary (14.11.2001), URL]