Lean Accounting: Financial Management for the Lean Organization
To achieve success, a lean organization must develop an effective and efficient management accounting function that complements its financial accounting system to provide a knowledge base for effectively making decisions about the future (this is critical because the focus of financial accounting is on past activity). A lean management accounting system makes relevant information available to decision makers on a timely basis.
In a broader context, lean accounting is a financial learning system for the entire organization, not just the accounting function. Because the economics of lean changes the relationships between operations and financial numbers, the whole business must learn the new relationships and incorporate the dynamic context of these relationships in all financial analysis.
Sign up for Newsletter, Blogs & Webinars
To be updated on all the latest blog posts and articles from BMA Inc, fill out the form below and we will email you when we publish.
Latest On The Blog
Complete a lean accounting assessment
This valuable assessment tool allows a company to diagnose where it stands with lean accounting. Looking at each of the primary issues of lean accounting, you can assess your company on a scale from traditional to world class.