BMA hosts a monthly Lean Accounting Community Chat, which is a place for anyone interested in lean accounting to gather to discuss what’s on their mind, ask questions, learn, share and most of all to make friends and connections with others. This is a free event, but you must register (once) to receive the Zoom […]
Lean is a long-term business strategy, primarily focusing on employees and learning. Through various continuous improvement practices, employees learn to master their work, solve the right problems and help an […]
Standard costing systems were designed for mass production manufacturing. In a lean company, using the information from standard costing systems to leads to non-lean behavior, poor decisions and: If you […]
Standard costing systems were designed for mass production manufacturing. In a lean company, using the information from standard costing systems to leads to non-lean behavior, poor decisions and: If you […]
Please join me for The Lean CFO – 2nd Edition online book launch event on February 10, 2023, from 1:00 – 2:00 pm EST. As I was writing Practicing Lean Accounting I often […]
Standard costing systems were designed for mass production manufacturing. In a lean company, using the information from standard costing systems to leads to non-lean behavior, poor decisions and: If you […]
Taiichi Ohno said “Costs do not exist to be calculated. Costs exist to be reduced.” A little known benefit of lean thinking is it will reduce costs over time, but […]
Lean performance measurements are an essential tool in a lean company to measure performance, identify process problems & issues and measure the impact of continuous improvement. In order to achieve […]
It is essential for a lean company’s management accounting system to be transformed into a leanmanagement accounting system in order to provide managers with relevant and reliable information to make better […]
One outcome of lean is a reduction in inventory, and this creates a unique opportunity for accounting to simplify the inventory valuation process while maintaining compliance with Generally Accepted Accounting […]
