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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.
By eliminating work-in-process accounts, backflush costing simplifies the accounting process. However, this simplification and other deviations from traditional costing systems mean that backflush costing may not always conform to generally accepted accounting principles (GAAP). Another drawback of this system is the lack of a sequential audit ...
Record to report or R2R is a Finance and Accounting (F&A) management process which involves collecting, processing and delivering relevant, timely and accurate information used for providing strategic, financial and operational feedback to understand how a business is performing. [1]
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, reconciliation is the process of ensuring that two sets of records (usually the balances of two accounts) are in agreement. It is a general practice for businesses to create their balance sheet at the end of the financial year as it denotes the state of finances for that period. Reconciliation is used to ensure that the money ...
This model suggests that instead of charging the costs to profit and loss statement (p&l) accounting, it should be capitalized in the balance sheet. The process of giving a status of asset to the expenditure item is called capitalization. In human resource management, it is necessary to amortize the capitalized amount over a period of time. So ...
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]
A turnaround (TAR) is a scheduled event wherein an entire process unit of an industrial plant, such as a refinery, petrochemical plant, power plant, or paper mill, is taken offstream for an extended period for work to be carried out.