About Accounting Transactions

The following sections provide more information (and examples) about accrued liability, prepaid asset, and principal/deferred liability values found on the Accruals & Accounting page. The information is available for:

• Finance leases (all standards):
  • Accrued Liability
  • Principal Liability
• ASC 842 operating leases: 
  • ASC 842 Operating Leases
• ASC 840 operating leases:
  • Accrued Liability
  • Prepaid Asset
  • Deferred Liability