Accounting is what it is, lean or not. Accounting basics consists of sales minus expenses equals profit/loss conforming to GAAP, generally accepted accounting principles. Lean accounting practices therefore can be stated as reducing daily entries/transactions, processes and chart of accounts to the simplest waste-free form as possible to suit your business reality.
Evolving through many years traditional accounting practices as we know it have been altered by personnel creating their own accounting rules, ultimately manipulating the numbers to satisfy, hide or otherwise cover-up the true accounting picture, possibly without realization of the devastating outcome. Most manufacturing managers disagree with the accounting reports or can’t relate to the numbers, mainly because they don’t represent -
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