Financial

Activity Based Budgeting

Also found in: Dictionary, Acronyms, Encyclopedia, Wikipedia.
(redirected from ABB)

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
Mentioned in
References in periodicals archive
Tussey filed the suit in 2006 against ABB, alleging it breached its Employee Retirement Income Security Act (ERISA) fiduciary duties by paying excessive fees to Fidelity Trust and by failing to disclose to plan participants the revenue-sharing arrangement.
Teesside's unique process industry background has provided ABB Consulting with the highly skilled and knowledgeable engineers needed to enable this growth.
CRISIL believes that ABB will maintain its dominant position in the power and automation technology markets, supported by its technological superiority.
Interestingly, though the ABB advocated a coalition with white workers, the group itself had no white members.
'The claims against these companies are insignificant and we are working on a solution for these companies,' ABB said after its request was denied.
ABB currently holds more than 50 per cent of the US power transmission market and is one of the world's leading producers of industrial robots.
It was intended that the ABB model would calculate the total product cost of a particular type of beer, as well as the total production costs of individual breweries, based on the computed variable unit costs, volumes and related fixed costs.
The order is the largest ever for ABB's SmartPlant(TM) system, which monitors the mill's performance and automatically recommends changes to improve performance.
The order is ABB's first for the Gulf Ply Paper Company and increases ABB's customer base in Saudi Arabia.
ABB's solar inverter business has approximately 800 employees in more than 30 countries, with manufacturing and R&D sites located in Italy, India and Finland.
With digitalization at its heart, ABB Ability MineOptimize connects all electrification, automation and digital offerings to optimize all stages in the lifecycle--from design and build to operation and service--of any open pit or underground mine and minerals processing plant.
Copyright © 2003-2025 Farlex, Inc Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.