Wednesday, November 3, 2010

Activity Based Management ABM

What is Activity Based Management (ABM)?

Activity Based Management (ABM)  converts Activity Based Costing (ABC) into an easier system to manage an organizations production costs. Activity Based Management (ABM)  focuses on more that just product, service, customer, and channel costing.

This type of costing also strongly  emphasizes: cost drivers, action plans to improve to achieve strategic objectives, and, performance measures for activities and certain processes.

No comments:

Popular Accounting Problems

The information on this site is for informational purposes only and should not be used as a substitute for the professional advice of an accountant, tax advisor, attorney, or other professional.