Break-even Analyses

A survey of the managerial styles and accounting practices that have developed in the German economy, this book focuses on such areas of cost and managerial accounting as standard costing, cost production theory, cost management and break-even analysis.

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This book provides an insight into the managerial styles and accounting practices that have developed in the German economy, one of the most successful economies of the last 50 years. These practices are also likely to guide the development of regions influenced by Germany following the privatization of centrally planned economies in Eastern Europe. This is especially true of areas of cost and managerial accounting, such as cost management, standard costing and cost production theory. The German approach to these topics, and to break-even analysis in practice, are an important feature of the book. Readers will also find a comprehensive cash flow framework, the significance of which is analytically and empirically corroborated.