ACTIVITY BASED MANAGEMENT Definition

Bookmark and Share

ACTIVITY BASED MANAGEMENT (ABM) converts Activity Based Costing (ABC) into a system to manage an organization. Activity Based Management not only focuses on product, service, customer, channel costing, it also emphasizes: cost drivers (root cause analysis), action plans to improve to achieve strategic objectives, and, performance measures for activities and processes.

Learn new Accounting Terms

CHECK is a draft drawn against a bank, payable upon demand to the person/entity named upon the draft.

CASH ON HAND literally means coin, currency, and cash items on hand. It is not possible to have negative cash on hand.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.