For Activity Based Costing (Abc) we have terms and definitions in 3 topics. The topics are Accounting, Business Process and Financial Modeling.

Activity Based Costing (Abc) (Accounting)

is a costing system that identifies the various activities performed in a firm and uses multiple cost drivers (non-volume as well as the volume based cost drivers) to assign overhead costs (or indirect costs) to products. ABC recognizes the causal relationship of cost drivers with activities.

Activity Based Costing (Abc) (Business Process)

An accounting technique that allows an enterprise to determine the actual costs associated with each product and service produced by that enterprise without regard to the organizational structure of the enterprise.

Activity Based Costing (Abc) (Financial Modeling)

ABC is an approach to estimating and managing costs by determining their underlying drivers to ensure certain customers or products are not being subsidized at the expense of others.

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