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 ...

There has been a "quiet revolution" unfolding the past few years among lean manufacturers, centered on the idea that traditional accounting measures don't accurately reflect the true results that lean ...

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 ...

Lean manufacturing guru Taiichi Ohno once said, "Costs do not exist to be calculated. Costs exist to be reduced." A lean manufacturing company vigorously attacks waste in all its forms, which in turn, ...

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, ...

When companies adopt the tools and tenets of lean enterprise, they must also retool their accounting systems. Lean accounting maximizes the return on investment that employers can realize from moving ...