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Controls for the reclosers range from the original electromechanical systems to digital electronics with metering and SCADA functions. The ratings of reclosers run from 2.4–38 kV for load currents from 10–1200 A and fault currents from 1–16 kA. [7] [8] On a 3-phase circuit, a recloser is more beneficial than three separate fuse cutouts.
In accounting, amortization is a method of obtaining the expenses incurred by an intangible asset arising from a decline in value as a result of use or the passage of time. Amortization is the acquisition cost minus the residual value of an asset, calculated in a systematic manner over an asset's useful economic life.
In accounting, adjusting entries are journal entries usually made at the end of an accounting period to allocate income and expenditure to the period in which they actually occurred. The revenue recognition principle is the basis of making adjusting entries that pertain to unearned and accrued revenues under accrual-basis accounting .
In accounting, the convention in consistency is a principle that the same accounting principles should be used for preparing financial statements over a number of time periods. [ 1 ] [ 2 ] This enables the management to draw important conclusions regarding the working of the concern over a longer period. [ 3 ]
Momentum accounting and triple-entry book keeping is an alternative accountancy system developed by Japanese academic Yuji Ijiri and the subject of his 1989 monograph. [1] It is proposed as an alternative to double-entry bookkeeping, which is the standard method used in the worldwide financial accounting system.
A suggestion in The Times of 10 October 1853, commenting on a train collision near Portarlington station, on the Great Southern and Western Railway, on 5 October that year, called for a paper-roll recorder, keeping a log of wheel revolutions against time, to be carried in a locked box on trains, the record to be removed and stored by station masters at the destination station. [1]
FIFO and LIFO accounting are methods used in managing inventory and financial matters involving the amount of money a company has to have tied up within inventory of produced goods, raw materials, parts, components, or feedstocks. They are used to manage assumptions of costs related to inventory, stock repurchases (if purchased at different ...
There are no fixed rules for determining the duration of the forecast period. However, choosing a forecast period of 10 years, for example, will not be meaningful when individual cash flows can only reasonably be modeled for four years; see Cashflow forecast. The number of forecasting years is therefore to be limited by the "meaningfulness" of ...