ABB

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August 31, 2024 5 min read Definitions

Finance Management Budgeting Cost Management Finance Resource Allocation ABB

Activity-Based Budgeting (ABB) involves establishing the activities that incur costs in each function of an organization, defining the relationships between activities, and using the information to allocate resources efficiently.

August 31, 2024 4 min read Definitions

Activity-Based Budgeting (ABB): A Strategic Approach to Financial Planning

Finance Management Budgeting Cost Management Financial Planning Strategic Management ABB

Activity-Based Budgeting (ABB) is a financial management approach that allocates costs based on the activities that generate costs, aiming to improve budgeting accuracy and efficiency.