Activity Dictionary

DEFINITION of 'Activity Dictionary '

A list of particular activities that are utilized in activity-based costing (ABC) analysis. The list consists of descriptions of a variety of activities, including a description of the activity, inputs, outputs, suppliers, customers and cost drivers. An activity dictionary is intended to help decision-makers determine and improve the efficiency of an operation as it pertains to costing.

BREAKING DOWN 'Activity Dictionary '

An activity dictionary simplifies the activity analysis process by listing activities by function, department and business process. Managers, consultants and other practitioners of activity-based costing may use an activity dictionary to help define key metrics and look for ways to improve operations.

RELATED TERMS
  1. Activity Driver Analysis

    The identification and assessment of the factors that are involved ...
  2. Activity Cost Driver

    A factor that influences or contributes to the expense of certain ...
  3. Activity Center

    A pool of activity costs associated with particular processes ...
  4. Activity-Based Management - ABM

    A procedure that originated in the 1980s for analyzing the processes ...
  5. Activity-Based Costing - ABC

    An accounting method that identifies the activities that a firm ...
  6. Activity-Based Budgeting - ABB

    A method of budgeting in which the activities that incur costs ...
Related Articles
  1. Investing

    Understanding Operating Activities

    Operating activities are the daily processes conducted by a company to generate income.
  2. Investing

    Understanding Operations Management

    Operations management is concerned with converting materials and labor into goods and services as efficiently as possible to maximize profits.
  3. Investing

    What are Business Activities?

    Business activities are any actions in which a company engages to make a profit.
  4. ETFs & Mutual Funds

    Want ETFs But Hate To Buy And Hold? Try Active ETFs

    Choosing between passive and active ETFs depends on your beliefs about active management's value.
  5. Investing

    Explaining Activity-Based Costing

    Activity-based costing (ABC) is a managerial accounting method that assigns certain indirect costs to the products incurring the bulk of those costs.
  6. Investing

    The Basics Of Value Chain Analysis

    Value chain analysis establishes an action plan to understand and implement actvities that create values to a firm's clients, resulting in firm profits.
  7. ETFs & Mutual Funds

    Active Share Measures Active Management

    A 2006 study proves the effectiveness of a new way of sizing up your portfolio manager.
  8. Trading

    Active or Passive? How to Blend Aspects of Both

    Investment fund strategies can broadly be divided into either active management or passive management.
  9. Investing

    Cash Flow From Financing Activities (CFF)

    Cash flow from financing activities is typically the third and final section of the statement of cash flows. It shows changes to cash resulting from activities such as issuing stocks and bonds ...
  10. Investing

    What is Descriptive Statistics?

    Descriptive statistics is the term applied to meaningful data analysis.
RELATED FAQS
  1. What are examples of key operating activities in a company?

    Discover the things that make up a company's operating activities, including examples of some the key operating activities ... Read Answer >>
  2. What are the primary activities of Michael Porter's value chain?

    Understand the primary activities of Michael Porter's value chain, and learn how a company can optimize those activities ... Read Answer >>
  3. Why do companies decide to unbundle their lines of business?

    In recent years, companies have discovered that there are limits to the gains created by having all major business activities ... Read Answer >>
  4. How can I use cash flow investing activities to determine if a company is growing?

    Learn how to use the sources and uses of a company's cash flow from investing activities to determine whether that company ... Read Answer >>
  5. What is the purpose of drawing up a cash flow statement?

    Understand the reasons behind why a company draws up a cash flow statement. Learn how it is used to understand the trends ... Read Answer >>
  6. How is cash flow from operating activities calculated?

    Discover why cash flow from operating activities is significant to businesses, and learn the direct and indirect methods ... Read Answer >>
Hot Definitions
  1. Duration

    A measure of the sensitivity of the price (the value of principal) of a fixed-income investment to a change in interest rates. ...
  2. Dove

    An economic policy advisor who promotes monetary policies that involve the maintenance of low interest rates, believing that ...
  3. Cyclical Stock

    An equity security whose price is affected by ups and downs in the overall economy. Cyclical stocks typically relate to companies ...
  4. Front Running

    The unethical practice of a broker trading an equity based on information from the analyst department before his or her clients ...
  5. After-Hours Trading - AHT

    Trading after regular trading hours on the major exchanges. The increasing popularity of electronic communication networks ...
  6. Omnibus Account

    An account between two futures merchants (brokers). It involves the transaction of individual accounts which are combined ...
Trading Center