ACCOUNTING ESTIMATE Definition

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ACCOUNTING ESTIMATE is an approximation of a financial statement element. Estimates are included in historical financial statements because some amounts are
uncertain pending outcome of future events and relevant data about events that have occurred cannot be accumulated on a timely, cost-effective basis.

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AFE, dependent upon usage, is an acronym for Authorization for Expenditure or Average Funds Employed.

C.G.A. means Certified General Accountant.

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