Dan Jones: The Financial Consequences of Lean June 2, 2011
Posted by Jeff Fuchs in lean accounting, Lean Tools & Techniques.Tags: lean accounting, Lean Tools & Techniques
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Dan Jones, writing on The Lean Edge blog, notes that it can be difficult to see the financial benefits of lean because management too often focuses on profit, rather than method. First time lean application can be difficult to administer, and to convince management of the benefits. For a very complex value stream, this can be even more daunting. The utilization of Flow Costing helps set priorities for lean improvement and demonstrates that shorter throughput times make responding to problems and quality issues easier.
Check out Mr. Jones’s post here.
Dan Jones: The Financial Consequences of Lean June 2, 2011
Posted by Jeff Fuchs in lean accounting, Lean Tools & Techniques.Tags: lean accounting, Lean Tools & Techniques
add a comment
Dan Jones, writing on The Lean Edge blog, notes that it can be difficult to see the financial benefits of lean because management too often focuses on profit, rather than method. First time lean application can be difficult to administer, and to convince management of the benefits. For a very complex value stream, this can be even more daunting. The utilization of Flow Costing helps set priorities for lean improvement and demonstrates that shorter throughput times make responding to problems and quality issues easier.
Check out Mr. Jones’s post here.
Global Alliance Calls for Accounting Reform February 16, 2009
Posted by Jeff Fuchs in Lean Thinking.Tags: lean accounting
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An article in Lean Accounting News notes that a new report released by the Global Accounting Alliance, which is composed of professional associations around the world, including the American Institute of Certified Public Accountants, called for reforms that support Lean Accounting.
“Getting to the Heart of the Issue” is a 27-page report that addresses the complexity and principles of accounting practices and makes recommendations for needed reforms, particularly in light of the rapid emergence of a global economy and changes in business practices. The report is based on interviews with accounting “thought leaders” from different countries.
Although the report does not specifically address lean accounting, it does espouse many of the same ideals. In the executive summary, the GAA states the purpose for preparing the report: “. . . to ascertain views from a broad cross-section of stakeholders in the international arena to barriers to the practical application of a more principles-based accounting regime and how the current complexity and detail in listed company financial statements could be reduced, so as to focus on better communication with financial statement users.”
Download the report from the GAA website here.
Global Alliance Calls for Accounting Reform February 16, 2009
Posted by Jeff Fuchs in Lean Thinking.Tags: lean accounting
add a comment
An article in Lean Accounting News notes that a new report released by the Global Accounting Alliance, which is composed of professional associations around the world, including the American Institute of Certified Public Accountants, called for reforms that support Lean Accounting.
“Getting to the Heart of the Issue” is a 27-page report that addresses the complexity and principles of accounting practices and makes recommendations for needed reforms, particularly in light of the rapid emergence of a global economy and changes in business practices. The report is based on interviews with accounting “thought leaders” from different countries.
Although the report does not specifically address lean accounting, it does espouse many of the same ideals. In the executive summary, the GAA states the purpose for preparing the report: “. . . to ascertain views from a broad cross-section of stakeholders in the international arena to barriers to the practical application of a more principles-based accounting regime and how the current complexity and detail in listed company financial statements could be reduced, so as to focus on better communication with financial statement users.”
Download the report from the GAA website here.
