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Finance

Lean Accounting: Aligning the Lean Organization

How lean accounting provides the relevant financial and non-financial information necessary to drive financial success.

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Nick Katko
Feb 13, 2020 • 23 min read
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Finance
Accounting
Business Agility
Lean-Agile Mindset
Lean Thinking
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Summary

Lean accounting pioneer and president of BMA Nick Katko comprehensively explains why Lean Accounting creates strategic and operational alignment in 5 major areas of a lean organization. The expert introduces Lean accounting stating that It provides the relevant financial and non-financial information necessary to execute the lean strategy and drive financial success. Read the article to learn what is Lean accounting and how it is applied in five verticals of lean organizations.

Takeaways

  • Lean Accounting is the management accounting system for a lean organization. It provides the relevant financial and non-financial information necessary to execute the lean strategy and drive financial success.
  • Lean business strategy is based on 5 principles; creating customer value; organizing the business around its value streams; creating flow and pull; empowering employees and continuous improvement.

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