4 Simplification of Accounting Systems
It is a dangerous undertaking to recommend changes to a company’s systems, especially the accounting systems. These systems are often near and dear to the people who developed them and use them. Further, every company is different and has different needs. There is no one way to make these kinds of changes.
Having said that, this chapter presents an approach to the elimination and simplification of the accounting systems within manufacturing organizations. As discussed in Chapter 2, traditional management accounting systems are at best irrelevant to a world-class manufacturer, and they are often positively harmful. In any event, the accounting systems are very wasteful because they require huge amounts of ...
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