What are top sides on a boat?

The topsides on a boat, ship, watercraft, or floating production storage and offloading (FPSO) vessel, is that part of the hull between the waterline and the deck. It includes the visible parts of the bow, stern, sheer, and, if present, tumblehome.

What is a topside platform?

Key Takeaways. Topside refers to parts of an offshore drilling platform that are above the waterline. The topsides often include the drilling rig, living accommodations, and processing facilities. One of the most common types of the offshore rig is known as a jack-up.

What are the different sides of a boat called?

When looking forward, toward the bow of a ship, port and starboard refer to the left and right sides, respectively. In the early days of boating, before ships had rudders on their centerlines, boats were controlled using a steering oar.

What is the top part of a boat called?

Deck: the part of the boat that is on top of the hull and an area where you can walk or work. It acts as a roof for the hull. Boats can have multiple decks (i.e. foredeck).

What is a topside adjustment?

A topside journal entry is an adjustment made by a parent company on the accounting sheets of its subsidiaries during the preparation of the consolidated financial statements. They are necessary for accounting as they can be used to allocate income or costs from the larger firm to the subsidiaries.

What is the top of an oil rig called?

Casing head (#27) is a large metal flange welded or screwed onto the top of the conductor pipe (also known as drive-pipe) or the casing and is used to bolt the surface equipment such as the blowout preventers (for well drilling) or the Christmas tree (oil well) (for well production).

What is the top of a boat called?

What is the upper part of a ship called?

gunwale. noun. the upper edge of the side of a boat or ship.

What are boat sides called?

What is a topside entry example?

What is post-closing entry?

A post-closing trial balance is the final trial balance prepared before the new accounting period begins. Used to make sure that beginning balances are correct, the post-closing trial balance is also used to ensure that debits and credits remain in balance after closing entries have been completed.

What are the two parts of an oil rig?

Drilling Rig Components

• Crown Block and Water Table.
• Catline Boom and Hoist Line.
• Drilling Line.
• Monkeyboard.
• Traveling Block.
• Top Drive.
• Mast.
• Drill Pipe.

What are the positions on an oil rig?

Drilling rig crews are generally made up of six (6) people: Rig Manager, Driller, Derrickhand, Motorhand, Floorhand, and Leasehand. Each crew works 12 hours shifts as the rig operates 24 hours per day, and each position is vital to the operation of the rig.

How do topside entries work?

Top-sided journal entries are nonroutine entries entered manually in bookkeeping journals. Companies enter financial transactions in journals to maintain a financial record of the company’s day-to-day operations. The credits and debits entered reflect the company’s expenses, revenue, liabilities and assets.

What are the 4 closing entries?

Recording closing entries: There are four closing entries; closing revenues to income summary, closing expenses to income summary, closing income summary to retained earnings, and close dividends to retained earnings.

What is reversing entry?

A reversing entry is a journal entry made in an accounting period, which reverses selected entries made in the immediately preceding period. The reversing entry typically occurs at the beginning of an accounting period.

What is an oil drill called?

In the oilfield, a derrick is a support structure that holds the drilling apparatus. It acts as the framework supporting a drilling apparatus in an oil rig. It is usually designed to be tall enough to allow new sections of drill pipe to be added to the drilling apparatus as drilling progresses.

What is the lowest position on an oil rig?

A typical oil rig has a team consisting of Floorhand, Motorman, Derrickman, and Driller. The team is headed by an Oil Rig Manager. If you are just starting in this industry, you would most likely get the entry-level position, which is the Floorhand position or roustabout.