activity based budgeting

Activities based budgets ("ABB") are based on the same concept as activities based costing ("ABC"). I.e. a budgeting/costing system that is based on all activities performed rather than, say, income statement line items or COGS elements. I.e. identify all the activities in the organization (e.g...

Description Approach to budgeting that involves quantitative expression of the activities/business processes of the organization reflecting forecasts of workload (quantity of drivers) and other financial requirements to achieve strategic goals or planned changes to improve performance. An...