Abstract
While English cost accounting ideas enter into international academic discussion automatically, cost accounting literature written in German is only known to a relatively small number of scientists. The following paper presents some basic ideas of German cost accounting in English language in order to make it easier, especially for English speaking scientists, to have a first impression of German cost accounting and to find literature of special personal interest. Cost accounting in Germany was founded by Eugen Schmalenbach. Thus his ideas about accrual accounting and valuation must be presented first. After the Second World War flexible standard costing became the most important concept of cost accounting in theory and business practice. The basic ideas, the use of marginal and full cost versions for decision and control and the inter-relation with activity-based costing are discussed. The Plant Models of Gert Laßmann are described as an example for consequent cost accounting according to the principle of cause and effect. Finally pros and cons of the current discussion about cost accounting as a basis for long-term decisions are presented.
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