Cost Estimation Methods: Account Analysis and Engineering Methods. Cost Accounting. CPA Exam BAR
on channel: Farhat Lectures. The # 1 CPA & Accounting Courses
IN this video, I discuss cost estimation methods. Two of the techniques of cost estimation is account analysis and engineering methods.
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There are three types of cost estimation classified according to their scope and accuracy. These are (1) order of magnitude estimate; (2) budget estimate; and (3) definitive estimate.
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