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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. Lean Accounting Introduction7:30
  2. The Effect of Lean Accounting on Owners, Auditors, and Executives7:52
  3. The Difference Between Traditional and Lean Accounting5:20
  4. When and How to Implement Lean Accounting4:37
  5. How to Overcome Resistance to Lean Accounting7:12
  6. Extending Lean into HR and IT3:53
  7. Supplemental: Lean Education Advancement Foundation2:23