finance

The views outlined in this section are the views of a trained engineer who “suffered” the typical pressure from finance & controlling departments and procedures and reporting built on the “standard cost” approach.

The “cost by nature” or “throughput accounting” approach (in German: Deckungsbeitragsrechnung) provides much better analysis and information for decision making.

Here is an award winning article by Dr. Burckhard published in THE ECONOMIST in 1999 : "You Can't Spot Serious Shareholder Value? [19 KB] ".