Search results for keyword: estimates
accounting assumptions
The general accepted accounting principles, or GAAP, are accounting principles, standards, procedures, and practices established by the Financial Accounting Standards Board (FASB). These principles are used in the preparation of financial statements, such as balance sheets and income statements.
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1020 
Sophia
sum of years' digits
The sum of the years digits method is a depreciation method used for allocating the cost of a tangible asset over its useful life. This method is used for calculating the value of depreciation for tax and other financial reporting purposes. The method is also known as the fractional life method or......
Planned Costing
Cost-based budgeting is a budgeting technique that manages a business’s finances by calculating budgets based on past and current costs, rather than focusing on reaching a certain level of sales or market share. This method is often used in construction and manufacturing, where companies need to ......
project planning
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Project Planning
Project Planning helps ensure successful results for any type of project. It is the process of determining the necessary resources, sequence of steps and potential risks involved in completing the project. A successful project plan begins with a thorough understanding of the ob......
Project Cost Estimation
Introduction
Cost estimation is critical in project management. The more accurate the cost estimation is, the more efficient the project will be in terms of time, resources and money. It ensures that projects meet their objectives, while keeping within budget. In this paper, we look at the differ......
accident information database
Traffic Accident Information Database
The world has seen a dramatic increase in traffic accidents in recent decades due to the sharp rise in motor vehicles. Accidents have become one of the leading causes of death among adults and children alike. It is therefore essential that sufficient informat......
project scope management
Project Scope Management
Project scope management is one of the most important components of successfully completing any project. It is the practice of controlling, defining and managing the boundaries of a project in terms of time, cost, quality and deliverables. It involves planning, defining, ......
Residual Income Valuation Model
Surplus Earnings Valuation Model
The Surplus Earnings Valuation Model is a method of estimating the value of a company based on its expected cash flows or earnings. The model is typically used in situations where companies are likely to be acquired, such as mergers and acquisitions. In these case......
Construction enterprise material cost accounting
Material Cost Accounting of Construction Enterprises
Material cost accounting has become an important part of the construction industry. In the process of construction, if the use of materials is not managed well, it can lead to a large amount of construction waste and an increase in construction ......
Construction enterprise material supply plan
Construction Company Material Supply Plan
The purpose of this construction company material supply plan is to identify the needed materials for the construction project and their estimated costs. This plan will help us to decide which materials are needed and the best way to acquire them for the ......
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