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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
Course Videos
Lean Accounting Introduction
7:30
2The Effect of Lean Accounting on Owners, Auditors, and Executives
7:52
Current Video
The Difference Between Traditional and Lean Accounting
5:20
Next VideoWhen and How to Implement Lean Accounting
4:37
5How to Overcome Resistance to Lean Accounting
7:12
6Extending Lean into HR and IT
3:53
7Supplemental: Lean Education Advancement Foundation
2:23
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Course Resources
Next Video 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.