Wow you mean there still a company out their offering real vacation and not the minimum 2 weeks?
As for the no accrual it really depends on company culture, your organizations subculture at the VP+ level and the relationship between them and the finance department.
It can be as flu stated or end up where someone is second guessing your manager on every vacation day you take over some arbitrary allocation in their mind. I.e. The finance head may he thinking new emps should only get two weeks.
