Activity-Based Budgeting

Align Your Company for Improved Performance

Activity-based costing (ABC) practices have greatly improved cost analysis over the past few decades. Using the principles of ABC, activity-based budgeting (ABB) improves budget accuracy. ABC and ABB can help you:

  • Improve profitability analysis
  • Reduce waste and underinvestment
  • Know the right amount of overhead you need to match production

In this video, I’ll:

 - Explain the basics of activity-based costing (ABC) and activity-based budgeting (ABB)

 - Reveal how ABB and ABC can help you better manage production capacity

 - Describe how ABC and ABB can help you better understand company activities to reduce waste and identify profitable growth

 - Identify the pros and cons of ABB to help you decide if ABB is right for you

This video comes from my Better Budgeting Course

CPAs: Want to get CPE credit for videos and courses like this? Check out my CPE page.

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