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Competency 1 of the Council on Social Work Education's 2015

question 2

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Competency 1 of the Council on Social Work Education's 2015 Educational Policy and Accreditation Standards (EPAS) states:


Definitions:

Estimated Costs

Costs that are predicted or forecasted based on current information and experience, used for budgeting and planning purposes.

Installment Contract

A contract that requires payments to be made in regular intervals over a period in exchange for goods or services.

Net Realizable Value

The estimated selling price in the ordinary course of business minus the costs of completion, disposal, and transportation.

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