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 are in the accounting department in a lean company, and your company uses a standard costing system, it is inevitable that you will be faced […]

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 referred back to the first edition of The Lean CFO. What I recognized when I re-read it is that how I think about, teach and […]