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Tag Archives: Lean Accounting
Is Your Company’s P&L Report “Un-Lean”?
Find out now. Take this quick quiz: I made an off-the-cuff remark a while back when I said the traditional P&L reports (or “Income Statements”) that are used by most companies in the US and around the world are “Un-Lean.” … Continue reading
LEAN DECSION MAKING: Part 1 – Making the Leap
Lately, I’ve been blogging a lot about the role and responsibilities of the CFO in Lean Companies. Now it’s time to get down to your single most important responsibility as a CFO in a Lean company – removing standard costing, … Continue reading
Posted in Lean Accounting, Uncategorized
Tagged BMA Inc., Box Score, Lean Accounting, Lean CFO, Nick Katko
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Lean Accounting and Traditional Accounting Compared Part 7 – External Reporting
It is common for financial people within companies where I go to question this proposition (sometimes vehemently!) I have also been told many times that auditors require standard costing and not Lean Accounting, or that SOX mandates it. These are … Continue reading
Posted in Lean Accounting, Uncategorized
Tagged BMA Inc., Brian Maskell, Compared, Lean Accounting, Value Stream Costing
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