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Article on lean accounting

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Reference no: EM131558975

Question: Required: 1. Go to www.journalofaccountancy.com and search for articles on lean accounting. Using articles found in this search, answer the following questions:

a. Why do standard-costing practices no longer make sense for a lean organization?

b. If standard costing is replaced with a lean accounting approach, what problems might a firm then face?

2. Go to www.leanadvisors.com and identify companies that have implemented lean manufacturing. Answer the following questions:

a. What kind of bene?ts did manufacturing companies experience from implementing lean manufacturing?

b. Can lean approaches be applied to service organizations? If yes, describe a speci?

c. implementation for a service organization and the resulting benefits.

Reference no: EM131558975

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