Definition: Revenue an asset manager or fund has earned but has not yet received payment for or recorded in its accounts. Under accrual accounting, this income is recognized immediately as a current asset (receivable) to reflect accurate financial standing.
Example: An example of accrued income is interest income, where a fund earns interest on a bond in December but receives the payment in January.
Explore the IVP NAV Solution
The IVP NAV Solution helps funds keep track of accrued income. It enables real-time NAV finalization for multiple funds with complete traceability for specific NAV components. It centralizes NAV oversight in one intuitive experience with automated exception identification and trend analysis, so asset managers can quickly and easily remediate NAV anomalies at the key component, share class, and security level.
