Interest expense is a general term used to describe the cost of borrowing money. It can have slightly different meanings depending on the context, but in corporate finance, interest expense is ...

The following general ledger/commitment items are used to record expenses as ... In the Funds Management (FM) module, when a piece of equipment is purchased, the entire expense is recorded in FM. In ...

An accrued expense is one that is known to be due in the future with certainty. In a publicly listed corporation's financial statement, there is an accrued expense for the interest that is paid to ...