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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 at https://cfoperspective.com/better-bud... CPAs: Want to get CPE credit for videos like this? Check out my CPE page at https://cfoperspective.com/cpe/ Learn more from my Better Budgeting book at https://www.amazon.com/Better-Budgeti...