Cost accounting got you down?You're not alone. As much as 80 percent of Amercan management accountants agree that their current methods just aren't good enough for current business.

With that disturbing thought, Dr. Kip R. Krumwiede, CMA, CPA, and assistant professor of accounting at Boise State University, went to Germany, Austria and Switzerland to examine a costing system called GPK, or Grenzplankostenrechnung, roughly translated as "flexible standard costing."

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