Lean Accounting

Lean Accounting is a streamlined approach to management accounting that aligns financial reporting with lean manufacturing principles. Its focus is on improving efficiency and reducing waste in financial processes, ensuring that financial data is relevant and timely. Instead of traditional costing methods, it emphasizes value streams and performance metrics that directly support operational activities. This allows organizations to make better-informed decisions, enhance productivity, and provide more accurate insights into profitability, ultimately leading to more effective resource allocation and continuous improvement.