Accrued expense, in contrast, is a liability with an uncertain timing or amount, but where the uncertainty is not significant enough to qualify it as a provision, accrued for payments received FROM a counterpart, but not yet earned or billed to become an expense.
Accrued expense is a liability with an uncertain timing or amount. This is in contrast. Where the uncertainty is not significant enough to qualify it as a provision received FROM a counterpart, but not yet earned or billed to become an expense. A provision was accrued for payments.