Category Archives: Product Costs

Lean Accounting Attributes

Posted in Economics of Lean, Financial Accounting, Lean Accounting, Management Accounting, Performance Measures, Product Costs, Transaction SImplification, Uncategorized | Tagged , , , , , , | Leave a comment

A Better Way to Understand Product Profitability

Many companies calculate product profitability by subtracting a Standard Cost from the Price and calling it a Margin. But this calculated margin does NOT tell you how much money you are making. It tells you almost nothing about the profit … Continue reading

Posted in Decision-Making, Lean Accounting, Lean Manufacturing, Making Money with Lean Acct, Management Accounting, Performance Measures, Product Costs | Tagged , , , , , , , , , | Leave a comment

Lean Accounting & Traditional Accounting Compared Part 1 – COSTING

Today’s blog is Number One in a series that will take a deep look at how and why Lean Accounting differs radically from traditional accounting.  My plan is to use a straightforward “compare and contrast” approach. This will not be … Continue reading

Posted in Lean Accounting, Lean Culture, Management Accounting, Product Costs, Value Streams | Tagged , , , , , | 2 Comments