Accounting in the Lean Enterprise : Providing Simple, by McVay, Gloria; Kennedy, Frances; Fullerton, Rosemary

By McVay, Gloria; Kennedy, Frances; Fullerton, Rosemary

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Extra resources for Accounting in the Lean Enterprise : Providing Simple, Practical, and Decision-Relevant Information

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Real numbers: Management accounting in a lean organization. Managing Times Press, Durham, NC. Fullerton, R. , F. Kennedy, and S. Widener. 2013. Management accounting and control practices in a lean manufacturing environment. Accounting, Organization, and Society 38: 50–71. Johnson, H. , and R. S. Kaplan. 1987. Relevance lost: The rise and fall of management accounting. Harvard Business School Press, Boston. , and S. Widener. 2008. A control framework: Insights from evidence on lean accounting. Management Accounting Research 19(4): 301–323.

What role do accountants play in employee empowerment? What are some of the major stumbling blocks in changing the internal reporting system? Should lean accounting be implemented by all firms? Discuss. What are some of the requirements for and differences in valuing inventory under a lean accounting system? Discuss the elements in and purpose of a box score. What other ways could organizations effectively track their performance? References Cunningham, J. , and O. J. Fiume. 2003. Real numbers: Management accounting in a lean organization.

They also must be assured and demonstrate that the new system is completely compatible with GAAP. This implies that the auditors need to be educated and supportive of any changes. In our experience, the companies that are using a lean accounting system have reported no problems in dealing with their auditors as long as they were kept appropriately informed. Most of lean accounting involves internal reporting issues; the main external reporting concern is valuation of inventories. There must be a reliable system in place for inventory valuation before reporting changes can occur.

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