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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, one can add relevance to the cost accounting system. In contrast, financial accounting provides little guidance for management decision making. Thus the need for a sophisticated cost accounting system - explicitly for management decision making - is paramount. This paper describes the principles of both GPK and ABC and analyzes the differences between the two.

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Format:PDFSize:1,393 KB
Date:Jun 2005
Pages:6

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