ACC 304 Course Great Wisdom / tutorialrank.com ACC 304 Course Great Wisdom / tutorialrank.com | Page 306

a. vested rights are normally for a longer period of employment
than are accumu-lated rights.

b. vested rights are not contingent upon an employee's future
service.

c. vested rights are a legal and binding obligation on the
company, whereas accumulated rights expire at the end of the
accounting period in which they arose.

d. vested rights carry a stipulated dollar amount that is owed to
the employee; accumulated rights do not represent monetary
compensation.