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Externe Rechnungslegung, internes Rechnungswesen und Kapitalmarkt

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  • Dieter Pfaff

    (Universität Zürich)

  • Oliver Bärtl

    (Universität Zürich)

Abstract

Summary The management practice of a few German corporations started to utilize financial reports in lieu of cost accounting to run their operations. As a consequence a discussion of whether or not corporations need a cost accounting system additional to and distinct from the financial accounting system arose. The arguments focused on the difference of costs versus expenses. The discussion, however, has not been considering interdependencies between cost and financial accounting. This paper scrutinizes the importance of doing so, especially if the management is tied to the capital market evaluation of equity and the capital market price does not reflect fundamental values. In particular, using a simple market model four necessary conditions are developed in order to show when financial and cost accounting issues may not be discussed separately.

Suggested Citation

  • Dieter Pfaff & Oliver Bärtl, 1998. "Externe Rechnungslegung, internes Rechnungswesen und Kapitalmarkt," Schmalenbach Journal of Business Research, Springer, vol. 50(9), pages 757-777, September.
    • Handle: RePEc:spr:sjobre:v:50:y:1998:i:9:d:10.1007_bf03371532
    DOI: 10.1007/BF03371532
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    References listed on IDEAS

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    Cited by:

    1. Andreas Haake, 2012. "Die Grundregeln von Herbert Hax zur Performance-Messung und die Bilanzierung von Kreditrisiken," Schmalenbach Journal of Business Research, Springer, vol. 64(1), pages 71-110, February.

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