Relevance added: Combining ABC with German cost accounting: activity-based costing is better for long-term decision making while a leading German cost accounting method supports short-term decisions more effectively.(Accounting) From: Strategic Finance | Date: June 1, 2005| Author: Friedl, Gunther; Kupper, Hans-Ulrich; Pedell, Burkhard | COPYRIGHT 2005 Institute of Management Accountants. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group.Copyright information

Are you familiar with Grenzplankostenrechnung?

Translated from German, it roughly means "flexible margin costing." Flexible margin costing, or GPK, is a time-tested cost accounting system used by many companies in German-speaking countries. GPK is about marginal costing instead of full costing, short-term decision support instead of long-term, and cost centers instead of activities and processes. And by combining activity-based costing ABC) with GPK, you can add relevanc...