Activity Based Budgeting Activity-Based Budgeting (ABB) is a budgeting method that focuses on the costs of specific activities and resources needed to produce goods or provide services. ABB identifies the activities that consume resources and assigns costs to those activities, rather than focusing on departmental budgets or cost centers. This method helps organizations better understand

Activity Base An activity base, also known as a cost driver or cost allocation base, is a measure used in activity-based costing (ABC) to assign overhead costs to products or services. It is a factor that drives or influences the cost of performing a specific activity. The activity base is selected based on its causal

Activity Attributes Activity attributes are characteristics, properties, or features of an activity that help to provide additional information or context about the activity. In the context of project management, activity attributes are used to describe various aspects of a task, such as resources, time, and cost, which are essential for effective planning, scheduling, and management.

Activity Analysis Activity analysis is a method used in management accounting and activity-based costing (ABC) to identify, analyze, and understand the various tasks, processes, and activities carried out within an organization. The primary goal of activity analysis is to determine the resources consumed by each activity and allocate costs to products or services based on

Activity In accounting, the term “activity” typically refers to a specific action or transaction that affects the financial position of a business. Activities can be categorized into different types based on their nature, such as operating, investing, and financing activities. Accounting activities are recorded in the financial statements, such as the income statement, balance sheet,

Active Market An active market is a financial market with a high volume of trading activity, liquidity, and frequent transactions. In an active market, assets like stocks, bonds, commodities, and currencies are bought and sold regularly, resulting in more transparent and accurate pricing. This is because the high level of trading activity allows for easy