Writer's choice Essay Example | Topics and Well Written Essays - 1250 words - 11

Writer's choice - Essay Example Heatric initially developed this technique around 1980’s. Diffusion Bonding attaches together all the flow plates that are found in a Heatric Stack through the application of extremely high temperatures and pressures. The structural model of this technique does not allow any melting channels or deformation and therefore ensures that the models are completely bonded in the stack. In the Diffusion Bonding process, there is no brazing flux or metallic filers are applied to fill in the gaps between the plates. The resultant outcome of this process is high-intensity solid blocks of the original metallic sheets that contain the internal flow channels passing through the core of the metallic blocks. The Diffusion Bonding technique is applied in a number of industrial productions. This process of bonding provides numerous advantages, the main advantage being that it provides stronger bonding lines than other techniques. Sometimes, engineers equate the bonding line strength of this method to base metals. The Microstructure of the bonding line has the same atomic properties as the parent metals. Conversely, the Diffusion Bonding technique requires a strictly confined environment to operate. The technique demands that surfaces be cleaned thoroughly and be smoothened completely to free them from oxides and other impurities. It also needs very high levels of temperatures to facilitate the process of diffusion. In this technique, the strength of the bonded materials is achieved by way of applying pressure during the process of bonding. Strength is additionally attained through the application of extremely high temperatures and the period allowed for contact. Diffusion is the main contributor of the strength rather than any deformation of plastic materials. The fusion segment of the process additionally deals with high temperature flow characteristics and refined grain sizes. In attaining a tight

An Analysis and Review of West Virginia's Governmental Fund Research Paper

An Analysis and Review of West Virginia's Governmental Fund - Research Paper Example However, the implementation of governmental programs and services depends primarily on the allocation of the fund to different sectors. On the other hand, the preparation of its financial statements is in accordance to the â€Å"generally accepted accounting principles (GAAP)† in the U.S (â€Å"Audited Financial Statements,† 2007, p. 15). While the necessities and nature of activities from various agencies differ, so does fund allotment, must conform to the purposes it intends to provide. According to the 2007 West Virginia audited financial statements, the methods for reporting governmental fund are the â€Å"current financial resources measurement focus and the modified accrual basis of accounting† (â€Å"Audited Financial Statements,† 2007, p. 16). It is through these financial statements where â€Å"property taxes, franchise taxes, and interest† that accompanied the present â€Å"fiscal period† are acknowledged as the cash reserve for the period (â€Å"Audited Financial Statements,† 2007, p. 16). This essay seeks to analyze and review the financial statements and audit report of Kanawha County, West Virginia, using the general fund and all the other funds of the government. II. Method of Accounting The government reports the fund in three categories. First, the governmental fund, which includes the general fund and the capital-project fund, integrates the current financial resources management and a modified accrual basis of accounting, where it does not have depreciation expense and long-term debt. Second, the proprietary fund, which includes the entertainment and the internal service fund, utilizes the economic resources measurement focus and the accrual basis of accounting, where it requires a â€Å"statement of net assets, statement of revenues, expenses, and cash flow statements.† Lastly, the fiduciary fund employs the economic resources focus and the accrual basis of accounting, where it may not have the provision to fund other programs as the government functions as the trustee (U.S. Department of Transportation, 2000, pp. 10-11). All these funds use the accrual method of accounting. Under the requirements of the â€Å"Governmental Accounting Standards Board (GASB),† the application of the accrual method is suitable to maintain a balanced set of account where the expenditures correspond to the finances in the conduct of governmental operations. This is particularly significant since the accrual basis provides a comprehensive detail in the â€Å"understanding of economic reality† especially in determining the consequences of budget allotment (Ball & Pflugrath, 2012, p. 7). III. Compliance of GASB Statement 34, and Evaluation of MD&A for State and Local Government GASB Statement 34 requires a complete accrual method, which aims to have long-term capital assets consisting of infrastructure. It also covers the Management's Discussion and Analysis (MD&A) of the go vernment’s monetary operation in recognizing its entire economic status (U.S. Department of Transportation, 2000, p. 8). As for the case of Kanawha County, the challenge it poses for compliance with GASB Statement 34 will depend on the cost and duration of time before its complete implementation in the local government. Additionally, if this would manifest a genuine thrust for transparency and accountability, this would strengthen its audit reports and economic condition in terms of financing governmental and business-type