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 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.
- 0:08 - Traditional vs. lean accounting
- 1:29 - Separating variable and fixed costs
- 2:31 - Identifying the deployment of fixed costs
- 3:28 - Separating inventory valuation
When and How to Implement Lean Accounting
From the moment a lean transformation begins on the production floor, changes should also start being made in the accounting department. Executive Chair of Lean Enterprise Institutes Jean Cunningham and Gemba Academy Co-Founder Kevin Meyer discuss the best way to make this happen.