If you are in the accounting department in a lean manufacturing company, and your company uses a standard costing system, it is inevitable that the you will be faced with dealing how your standard ...

Reluctant executives might "get" Lean Accounting when it is explained as a visual system. One of the challenges facing people who want to implement Lean Accounting at their companies is getting buy-in ...

“ The Lowdown on Lean Accounting ” ( JofA , Jul.04, page 69) was an excellent article. As a lean accounting practitioner, instructor and author, I would like to address some of its points. One ...

Business owners often use accounting to make business decisions and improve their company's operations. Management accounting is a primary internal function companies use to manage production ...

Traditional manufacturing refers to manufacturing principles focused on producing a certain set number of products each period and holding a reserve in case of unexpected demand or shortages. This ...

Lean accounting concepts are designed to better reflect the financial performance of a company that has implemented lean manufacturing processes. These may include organizing costs by value stream, ...

Ultimately, accounting standards enshrined in law impose the way in which certain aspects of lean – such as inventory reduction – will be reflected. The trick, it seems, is to develop accounting ...