Activity Based Budgeting

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Activity Based Budgeting

A way to budget that analyzes potential activities in which a company can engage. These activities are organized according to the company's goals, and the costs of each are organized to compile the budget. ABB contrasts with traditional budgeting, which usually simply increases the previous year's budget to account for inflation and the like; rather, ABB seeks out new opportunities and allocates resources in the budget based on them. Proponents say that ABB is a more accurate way to forecast budgeting.
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PESHAWAR, April 01, 2011 (Balochistan Times): Khyber Pakhtunkhwa Minister for Elementary Education, Sardar Hussain Babak while highlighting the need of activity base learning said here Thursday that government is planning to establish a regulatory authority to improve current education system.

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