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.
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.