Gunther Friedl

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.

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.

Das Standardwerk zum Controlling mit SAP in achter Auflage. Die Vorzüge: Leichte Verständlichkeit, ein durchgängiges Beispiel und hohe Übersichtlichkeit. Das klar strukturierte Konzept führt den Leser anhand einer Fallstudie auch ohne Vorkenntnisse zu einem umfassenden Verständnis der weit verbreiteten SAP-Software. Die Zusammenhänge werden Schritt für Schritt erläutert: Von den Grundlagen der Kostenrechnung und des Controllings über die Funktionsweise der SAP-Software bis hin zur Anwendung im praktischen Betrieb. In der achten Auflage wurden zahlreiche Aktualisierungen vorgenommen und die zusätzlichen Möglichkeiten einer Unterstützung von Controllingaufgaben durch SAP S/4 HANA aufgezeigt.

Many large corporations delegate investment decision-making authority to their divisions. Because they are better informed, divisional managers should be able to make better decisions than corporate headquarters. However, they can use this informational advantage to pursue their own interests. The objective of this work is to analyze the problem of delegated decision-making within firms when investment projects are characterized by the possibility to make subsequent decisions after the initial investment decision has been made. By analyzing this question, the monograph combines and unifies two important lines of literature: on the one hand the literature on controlling investment decisions, on the other hand the investment valuation literature.

Many large corporations delegate investment decision-making authority to their divisions. Because they are better informed, divisional managers should be able to make better decisions than corporate headquarters. However, they can use this informational advantage to pursue their own interests. The objective of this work is to analyze the problem of delegated decision-making within firms when investment projects are characterized by the possibility to make subsequent decisions after the initial investment decision has been made. By analyzing this question, the monograph combines and unifies two important lines of literature: on the one hand the literature on controlling investment decisions, on the other hand the investment valuation literature.