Lean Accounting

When implementing Lean, you may find that your accounting practices no longer line up with your business objectives. Our Lean Accounting courses will show you how to line up your Lean activities with your Accounting.

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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

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  1. Introduction to Lean Accounting8:14
  2. Accounting Basics7:17
  3. Value Stream Costing - Part 18:53
  4. Lean Accounting Introduction7:30
  5. The Effect of Lean Accounting on Owners, Auditors, and Executives7:52
  6. The Difference Between Traditional and Lean Accounting5:20
  7. When and How to Implement Lean Accounting4:37
  8. How to Overcome Resistance to Lean Accounting7:12
  9. Extending Lean into HR and IT3:53
  10. Supplemental: Lean Education Advancement Foundation2:23
  11. Value Stream Costing - Part 28:30
  12. Inventory Management11:15
  13. Lean Inventory Valuation10:24
  14. Capacity Management8:56
  15. Product Costs and Decisions8:52
  16. Target Costing7:19
  17. Performance Measures6:38
  18. One Day Close8:44
  19. Lean Accounting Resources3:21
  20. The Eight Types of Waste in Healthcare: Introduction02:11
  21. The Purpose of Lean in Healthcare08:29
  22. What Do We Mean by “The 8 Wastes" in Healthcare?04:14
  23. Defining Value in Healthcare03:28
  24. The Wastes of Motion, Waiting, and Human Potential in a Surgical Suite04:34
  25. Patient Harm as a System Defect06:50
  26. The Wastes of Inventory, Transportation, and Overproduction in Healthcare04:58
  27. Meaningful 5S in a Children’s Hospital Radiology and MRI Suite05:39
  28. The Aim of Healthcare as a System02:58
  29. Audience Q&A - How Do You Start a Lean Transformation?01:29
  30. Audience Q&A- How Will Lean Methods Impact HCAHPS Scores?00:56
  31. Audience Q&A - What is the Appropriate Number of Inventory Turns for a Hospital Store Room?01:31
  32. Audience Q&A - How Can Lean Improve Discharge Planning in a Hospital?02:00