Tag Archives: Product Costing

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

Arrgghh. It’s NOT About Changing Your Accounting System

I work with companies that are serious about being┬álean organizations. Most of them use Lean Accounting. It is┬ánot about changing your accounting system. It’s about embracing lean principles and methods. Lean changes the way they look at management accounting. Here’s … Continue reading

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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