The purpose of this paper is to discuss basic accounting terms and procedures to the corrosion technologist. The author is not a professional accountant and does not intend to provide recommendations or guidance in actual accounting decisions--rather the author intends to describe accounting for the general information of the audience and reader as an aid to understanding the makeup, significance and relationship of an organization's financial statements. Further, the author explores in slightly more detail those accounting procedures which would influence cash flows (such as expenses) relevant to corrosion economics decisions. Some examples would be depreciation and taxation.

Subject
Costs, Organizations, Materials, Corrosion rate, Materials performance, Machinery, Accounting, Lead, Investment, Operations management, Corrosion protection, Maintenance, Paints
© 1986 Association for Materials Protection and Performance (AMPP). All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means (electronic, mechanical, photocopying, recording, or otherwise) without the prior written permission of AMPP. Positions and opinions advanced in this work are those of the author(s) and not necessarily those of AMPP. Responsibility for the content of the work lies solely with the author(s).
1986
Association for Materials Protection and Performance (AMPP)
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