Jean Cunningham on Lean Accounting
Gemba Academy co-founder Kevin Meyer discusses lean accounting with Jean Cunningham. Jean is one of the original thought leaders on the subject.
The Effect of Lean Accounting on Owners, Auditors, and Executives
Upon applying lean to accounting, Executive Chair of the Lean Enterprise Institute's Jean Cunningham's first challenge was to present a different way of doing things to owners, auditors, and executives. Jean describes their reactions to Gemba Academy Co-Founder Kevin Meyer.
- 0:10 - How Jean pitched the lean accounting approach
- 3:05 - Why the auditors were the easiest to convince
- 5:25 - What management wants from CFOs
The Difference Between Traditional and Lean Accounting
Lean accounting is a way of thinking that focuses on the study of costs around different value flows, unlike traditional accounting, in which each manufacturing cost is variable. Gemba Academy Co-Founder Kevin Meyer and Executive Chair of Lean Enterprise Institutes Jean Cunningham review both the differences and the benefits that lean accounting offers.