Lean manufacturing is an approach that has helped many companies reduce waste and streamline operations. However, as companies implement a lean approach to manufacturing, many cost accounting practices no longer make sense. Lean accounting is a new way of looking at the numbers that categorizes costs by value stream, which includes everything done to create value for a customer that can be reasonably associated with a product or product line.
The Lowdown on Lean Accounting
This article from the Journal of Accountancy provides a look at some of the benefits and pitfalls of implementing lean accounting.
Lean Accounting Being Driven by a Lean Business Philosophy
This CPA Letter article discusses the growth in interest in lean accounting to support lean manufacturing initiatives.
Lean Accounting News
News and features about Lean Accounting. Sponsored by the Lean Accounting Summit.
Lean Accounting: What's It All About?
Overview article on Lean Accounting on the Lean Accounting Summit Web site.
Auditors Can Provide Solutions
Planning a conversion to lean accounting? This article from Lean Accounting News explains why and how to involve your audit firm as soon as possible to avoid surprises and get the answers you need.