Search Results for: debunk

Standard Costing Debunked – Part 4: So Long, Standard Costing!

Throughout most of this year, I’ve been leading up to this – as I’ve written about the issues facing CFO’s in Lean companies. About why standard costing just doesn’t work for companies that are Lean. And why Lean Accounting offers a simpler, better way. In case you want to reread my earlier blogs about standard […]

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Standard Costing Debunked – Part 3: Labor Costs

Throughout most of this year,  I’ve been leading up to this – as I’ve written about the issues facing CFO’s in Lean companies.  About why standard costing just doesn’t work for companies that are Lean.  And why Lean Accounting offers a simpler, better way.   In case you want to reread my earlier blogs about standard […]

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Standard Costing Debunked – Part 2

For all you standard costing folks out there – let’s start with a heretical proposition Now that we’ve got that off our chest, and (at the risk of mixing metaphors) have shed a millstone from around our neck, the way is clear.    In my last blog I made the case for why you need to […]

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Standard Costing Debunked – Part 1

Most of the last year (give or take) I’ve been blogging about how Lean Accounting works and why it works best for Lean companies. Now, it’s finally time to say “good bye” for good to Standard Costing.  Maybe, for a while, it was the only game in town.  We know it’s been used historically in […]

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The End of the World?

“Doomsdayers” have been predicting the end of the world since the beginning of time. The last time I recall was when the Mayan calendar ended sometime in December 2012.  Nothing happened! And last time I checked, we are all still here. People passionate about standard costing often talk the same way, believing that somehow a […]

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In Defense of Accountants

I get tired defending accountants over and over again for a crime they have not committed. Standard costing, as we know, does not work for Lean companies.  What do we do?  We “round up the usual suspects” [i] This often means people are all too ready to bash the accountants – because they are their […]

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