Chapter 16
Lean Accounting
Show Me the Money
One of the areas of business that always seems to be one of the last to implement Lean principles is the accounting and finance area. I have tried to determine why this is by discussing it with people I know in finance and even my own son-in-law, who is a CPA and an assistant controller for a very large corporation. The most common theme I hear is that, “We have to conform to the accounting rules set forth by GAAP (General Accepted Accounting Principles).” I may take a simplistic approach to this ...
