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.

  1. Cost Accounting

    A type of accounting process that aims to capture a company's ...
  2. Activity Sequence-Sensitive

    A calculation used in activity-based costing for determining ...
  3. Activity Capacity

    The degree to which a particular action is expected to perform. ...
  4. Activity Cost Driver

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

    A pool of activity costs associated with particular processes ...
  6. Activity-Based Budgeting - ABB

    A method of budgeting in which the activities that incur costs ...
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