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Chapter 6- Relearning to Count: Five Lean Accounting Principles (eChapter from The Hitchhiker's Guide to Lean: Lessons from the Road) Image

Chapter 6- Relearning to Count: Five Lean Accounting Principles (eChapter from The Hitchhiker's Guide to Lean: Lessons from the Road)


Author(s)/Editor(s): Mr Jamie Flinchbaugh, Andy Carlino
Published By:
SME

Pages in Print Edition: 10PP

Published: 12/01/2005
Product ID:
BK05PUB51_E_CH-6
ISBN:
978-1-62104-005-7

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Description

This chapter will provide direction and address some challenges which, as they are conquered, will bring more value to the accounting practice and to its role in companies. The notion of lean accounting is fairly new, and it is likely that the five lean accounting principles presented here will evolve as more is learned. The five lean accounting principles are:1. Accounting is a process, not just a profession2. Go beyond the numbers3. Transition from cost cop to coach4. The first filter is value and the customer5. Make data accessible for the customer