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January 3, 2020

Lean Accounting - Accounting for Lean Manufacturing Organizations

Jean Cunningham accepted my Linkedin connection request on 3 January 2020 and that started my fresh attempt at study of Lean accounting. Jean Cunningham was CFO at Lantech, a company that excelled in lean implementation.

The Lean Revolution in Lantech - 1992-2003 - Womack and Jones
Lean System in Lantech - 2004 Onwards


What is Lean Accounting
Jean Cunningham
19 August 2015
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James P. Womack and Daniel T. Jones

Lean accounting is doing more with less by employing lean thinking. It involves never ending efforts
to eliminate or reduce waste in design, manufacturing, distribution and customer service processes. It has been rigorously applied to the accounting, control, measurement, and management of business.


Brain Maskell and Bruce Baggaley
Lean accounting is a new method of managing a business that is built upon lean principles and lean
methods. It is a control, measurement, and management method which enables companies to make more money by identifying the potential financial benefits of lean improvement and developing strategies to realize that profit.



Jean E. Cunningham
Lean accounting is the application of lean principles to the accounting and associated functions within the enterprise It provides a stage that enables the accounting team to move from a traditional
system to a new high value role of consulting within other areas of the company.


P. E. Moody
The lean concept is a philosophy where nonvalue-adding activities are being recognized in accounting processes as well as other processes and eliminated in lean manufacturing systems which has three key aspects i.e. visual management, value stream management, and continuous
improvement.



Mike Rother and John Shook
Lean accounting is a simple, direct and accurate way to create financial reports with very few transactions. It is a tool for visualizing flow of material and information across multiple processes,
so that individual process level improvement efforts fit together as a flowing value stream, match the organization’s objectives, and serve the requirements of external customers.

Glenn Marshall
Lean accounting is an integrated value stream management system for accounting, controlling, measuring, and managing a lean enterprise by focusing on value-stream performance to minimize the
consumption of resources, while creating more value for the customer.


Tonya Vinas
Lean accounting is a movement supported by manufacturers and non-manufacturers to completely restructure how accounting is done. This is a byproduct of the lean movement which is a self-ordering, selfexplaining, self-regulating, and self-improving work where what is supposed to
happen does happen, on time, every time, day or night- because of visual solutions.


LEAN ACCOUNTING: A CASE STUDY OF SELECTED ENTERPRISES IN INDIA
A Thesis Submitted for the award of Ph.D. degree
of
Mohanlal Sukhadia University, Udaipur
in the Faculty of Commerce By

Vineeta Arora

Under the supervision of
Dr. G. Soral
Professor
Department of Accountancy and Statistics
Faculty of Commerce
Mohanlal Sukhadia University, Udaipur
2016
http://shodhganga.inflibnet.ac.in/bitstream/10603/147769/1/lean%20accounting.pdf


A story of lean IT transformation by Jean Cunningham - European Lean IT Summit 2012
https://www.slideshare.net/InstitutLeanFrance/jean-cunningham-at-the-european-lean-it-summit-2012



Shifting Finance from Controlling to Improving
Brad Power
October 26, 2011
https://hbr.org/2011/10/shifting-finance-from-controll

Lean Accounting's Quest For Acceptance
Despite growing interest, proponents say there's still a long way to go before lean accounting becomes a mainstream practice.
Josh Cable
AUG 14, 2009
https://www.industryweek.com/finance/software-systems/article/21958472/lean-accountings-quest-for-acceptance


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