Explain how modern financial institutions can benefit from the implementation of Activity Based Costing for their businesses using appropriate references. . Give examples of activities in a bank where Activity Based Costing would offer an improved costing analysis for the business.

Using the paper attached. Explain how modern financial institutions can benefit from the implementation of Activity Based Costing for their businesses using appropriate references. Give examples of activities in a bank where Activity Based Costing would offer an improved costing analysis for the business.