Accrued benefits are benefits that an employee has earned over time but has not yet received.

They usually arise in:

Pension plans

Retirement benefits

Leave encashment

Bonus schemes

For example:
If an employee works for several years, they gradually earn pension benefits. Even if payment is made after retirement, those benefits are considered accrued during the working period.

In simple terms, accrued benefits are employee benefits earned now but payable in the future.