Analyzing and managing costs is crucial for business success. Industrial, service, and non-profit companies will not be successful in the long-term if they do not understand their costs.This textbook introduces the basic concepts and current developments in cost accounting. The book features numerous anecdotal examples from a wide range of industries, case studies, Microsoft Excel examples, and exercises to ensure a sustainable learning success.

Austrian Controller Award 2005

This book develops a comprehensive concept of regulatory risk integrating existing theoretical and empirical research. The focus is on explaining how the design of the regulatory system influences the risk of a rate-regulated firm, as well as on elaborating appropriate methods for the determination of the regulatory rate base and the allowed rate of return. Regarding the regulatory rate base, the question of whether market value of capital or book value of assets should be employed and the choice of the depreciation scheme are at the center of the discussion. Specific methodical issues concerning cost of capital assessment for rate-regulated firms are analyzed, i.e. the circularity of rate regulation, the sharing of risks between capital owners and rate payers, the length of the regulatory review period, the regulation of the capital structure as well as the conversion of a post-tax to pre-tax weighted average cost of capital.

Austrian Controller Award 2005

This book develops a comprehensive concept of regulatory risk integrating existing theoretical and empirical research. The focus is on explaining how the design of the regulatory system influences the risk of a rate-regulated firm, as well as on elaborating appropriate methods for the determination of the regulatory rate base and the allowed rate of return. Regarding the regulatory rate base, the question of whether market value of capital or book value of assets should be employed and the choice of the depreciation scheme are at the center of the discussion. Specific methodical issues concerning cost of capital assessment for rate-regulated firms are analyzed, i.e. the circularity of rate regulation, the sharing of risks between capital owners and rate payers, the length of the regulatory review period, the regulation of the capital structure as well as the conversion of a post-tax to pre-tax weighted average cost of capital.

Das Standardwerk zum Controlling mit SAP in funfter Auflage. Die Vorzuge: Leichte Verstandlichkeit, Beispielorientierung und uberschaubarer Umfang der Darstellung. Das klar strukturierte Konzept fuhrt den Leser anhand einer Fallstudie auch ohne Vorkenntnisse zu einem umfassenden Verstandnis. Die Zusammenhange werden Schritt fur Schritt erlautert: Von den Grundlagen der Kostenrechnung und des Controlling uber die Funktionsweise der SAP-Software bis hin zur Anwendung im praktischen Betrieb. "Nicht nur zum Selbststudium sondern auch als Nachschlagewerk zu empfehlen." IT-Mittelstand, 6/2007