📝 Activity Based Costing

Activity Based Costing — or ABC, is a way of understanding the actual cost of work by tracing resources through the activities and tasks that consume them. In ASF, Activity Based Costing links strategy to execution by connecting: L3 Capability → Activity → Task Type →...

Source Note: Activity Based Costing

Introduction Activity-Based Costing (ABC) helps explain how resources are used to generate value within an organisation. Traditional accounting assigns costs to units such as departments or cost centres, but this often provides limited insight into actual activities....

📝 Explicit Knowledge and Tacit Knowledge

Two interdependent forms of knowledge: one documented and shared through artefacts, the other carried in experience, judgement, practice, and context. Explicit knowledge is tacit knowledge that has been made visible. It may appear in documents, procedures, diagrams,...