Importance of cost engineering, cost estimating, types of estimates, feasibilityestimate, budget estimate, detailed estimate, direct cost estimating, quantity takeoff,construction resource pricing, indirect costs, general and administrativeexpenses, risk and contingency estimate, concept of cost monitoring and control,cost breakdown structure, earned value concept, performance indices, cost prediction at completion. Basic accounting concepts, balance sheet, income statement, cash flow statement – accounting ratio – measuring the performance – cost concepts – cost accumulation – cost allocation – cost/volume/profit analysis – budgets – forecasting.