Lean Accounting vs. Traditional Cost Accounting

[b***@hotmail.com]

Someone pointed me to a website for a conference that alleges
traditional cost accounting doesn't work in a manufacturing firm that
employs Lean Manufacturing. Has anyone heard about "Lean Accounting"
and its validity? When I went to www.leanaccountingsummit.com/LA there
were links to a number of sites that say the same.

[Bluepen]

Lean Accounting has its basis in the Theory of Contraints.

http://www.amazon.com/exec/obidos/tg/detail/-/0884271587/ref=wl_it_dp/103-3610316-7245441?%5Fencoding=UTF8&coliid=I3QN6YXTXDEB06&v=glance&colid=1MAHMPT5OSC11

The answer is yes, Lean Manufacturing requires a change in Cost
Accounting. As far as I can see a dollar is still a dollar, it is how
you look at the costs and the behaviour of costs. I am not sure where
this is all leading, but things are definitely changing.

Lance

Post by b***@hotmail.com
Someone pointed me to a website for a conference that alleges
traditional cost accounting doesn't work in a manufacturing firm that
employs Lean Manufacturing. Has anyone heard about "Lean Accounting"
and its validity? When I went to www.leanaccountingsummit.com/LA there
were links to a number of sites that say the same.