Best Business Accounting Software Computers Articles | May 4 Steven Stamkos Premier Jersey , 2006 When talking about the best business accounting software, you must first know the relationship between finance and accounting. Conceptually speaking, they are closely related to the extent that accoun...
When talking about the best business accounting software, you must first know the relationship between finance and accounting. Conceptually speaking Nikita Kucherov Premier Jersey , they are closely related to the extent that accounting is an important input in financial decision making and there are key differences in viewpoints between them. Accounting is a necessary input into finance. That is, accounting is a sub-function of finance.
Accounting generates information or data relating to the operations or activities of the firm. The end-product of accounting constitutes financial statements such as the balance sheet, the income statement (profit and loss account) and the statement of changes in financial position (sources and uses of funds statement). The information contained in these statements and reports assists financial managers in assessing the past performance and future directions of the firm and in meeting certain legal obligations, such as payment of taxes and so on. Thus Ryan McDonagh Premier Jersey , accounting and finance are functionally closely related.
But there are key differences between finance and accounting. The first difference relates to the treatment of funds while the second relates to decision making. The viewpoint of accounting relating to the funds of the firm is different from that of finance. The measurement of funds (income and expenses) in accounting is based on the accrual system. For instance, revenue is recognized at the point of sale and not when collected. Similarly, expenses are recognized when they are incurred rather than when actually paid. The accrual-based accounting data do not reflect fully the financial circumstances of the firm. The viewpoint of finance relating to the treatment of funds is based on cashflows. The revenues are recognized only when actually received in cash (i.e. cash inflow) and expenses are recognized on actual payment (i.e. cash outflow).
Finance and accounting also differ in respect to their purposes. The purpose of accounting is collection and presentation of financial data. It provides consistently developed and easily interpreted data on the past, present and future operations of the firm. On the other hand Authentic Steven Stamkos Jersey , financial manager\'s major responsibility relates to financial planning, controlling and decision making. Thus, in a sense, finance begins where accounting ends.
Solvent Extraction - procedures and steps involved in the process
Posted On : Jun-01-2010 | seen (571) times | Article Word Count : 396 |
Solvent Extraction, as the name suggests is a process to extract oil from oil bearing materials by means of a solvent. Generally, Hexane (a petroleum by-product) is used as the solvent. What is Solvent Extraction?
AS the name suggests is a process to extract oil from oil bearing materials by means of a solvent. Generally, Hexane (a petroleum by-product) is used as the solvent.
What are Solvent Extraction Plants?
They are used to extract oil by using chemicals. These plants use cake as the raw material Steven Stamkos Jersey , which is obtained from the oil press section. An organic solvent is used to dissolve the cake鈥檚 or seed鈥檚 oil content after the process of dipping or spraying, which ensures that the oil content is in close contact with the feeding material. After this, the solvent is vaporized out and the oil is collected. In these plants, the vaporized solvent is recycled.
There are many Solvent Extraction Plants manufacturers Nikita Kucherov Jersey , who use the quality assured materials and latest technology in the fabrication process. Generally, these plants are designed especially for extracting oil directly from oilseeds that contain less than 20% oil such as Soybean after the process of flaking. Pre-pressed or fully pressed seed cake that contain over 20% oil such as cotton seed, palm kernel, sunflower Ryan McDonagh Jersey , copra, Castor, peanuts, and others.
Most of the edible oil manufacturers now-a-days use the horizontal extractors that operate on the principle of counter current Cheap Tampa Bay Lightning Jerseys , moving bed. It has varying height of bed and varying speed mechanism that allows absolute extraction by perfect penetration & percolation of the solvent.
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