Category: Dictionary

ACCRUAL BASIS

A Method of accounting that recognizes increases and decreases in economic resources as soon as the underlying event or transaction occurs. Under accrual accounting, revenues are recognized as soon as they are earned and expenses are recognized as soon as…

ACTION PLAN (STATE ACTION PLAN)

Pursuant to the Code of Federal Regulations and guidelines by the U.S. Department of Transportation, a description of the statewide organizational arrangements, assignments of responsibility, and decision-making processes to ensure that economic, socials, and environmental effect are fully considered along…

ACTIVITY ALLOCATION MODEL

A model used to predict the geographical distribution of land use activities. (TRB)

ACTIVITY BASED COST

Methodology that measures the cost and performance of activities, resources and cost objects. Resources are assigned to activities, then activities are assigned to cost objectives based on their use. ABC recognizes the casual relationships of cost drivers to activities._x000D_

ACTIVITY CENTER

An area with heavy traffic activity and high population or commercial building densities which generate a large number of trips, such as in a shopping center or industrial park.

ACTUAL COSTS

Amounts determined on the basis of costs incurred, as distinguished from forecasted costs.

ACTUARIAL ANALYSIS

Analysis completed and submitted by an individual versed in the collection and interpretation of numerical data (especially someone who uses statistics to calculate insurance premiums)