Activity Dictionary

Activity Analysis in Activity-Based Costing (ABC)
Activity Analysis is an essential component of Activity-Based Costing (ABC) that involves identifying and describing activities within an organization, alongside their resource requirements.
Activity Dictionary
An activity dictionary is a comprehensive listing of all activities included in an organization's activity-based costing (ABC) system. It provides precise definitions to help managers calculate the costs for each activity, thereby aiding in cost management and control.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.