Financial Consequences from Implementing Lean Manufacturing with the Support of Non-Financial Management Accounting Practices

2005 ◽  
Author(s):  
Rosemary Fullerton ◽  
William F. Wempe
Keyword(s):  
Financial Management ◽  
Lean Manufacturing ◽  
Management Accounting ◽  
Financial Consequences

scholarly journals Bimbingan teknis penyusunan laporan keuangan umkm di Kabupaten Rokan Hilir

2020 ◽  
Vol 2 ◽  
pp. 50-57
Author(s):  
Desmiyawati Desmiyawati ◽  
Susilatri Susilatri ◽  
Hari Ardiansyah
Keyword(s):  
Financial Performance ◽  
Community Service ◽  
Financial Management ◽  
Management Accounting ◽  
Financial Statement ◽  
Financial Reports ◽  
Financial Position ◽  
Product Pricing ◽  
Personal Finances ◽  
The Common

So far, the potential of MSMEs has not been fully exploited. Many MSME activity actors (owners) often experience internal problems so that it is difficult to develop and compete both among MSMEs and with large producers. The problem of financial management is one of the problems that is often encountered in MSMEs. Some of the common financial management problems that are often encountered in MSMEs include the mixing of owner's personal finances with business finance, product pricing is often done simply and intuitively, without carefully calculating costs incurred, the method of recording transactions carried out is still not good and lack of knowledge about financial recording and financial management (accounting). Based on these problems, community service activities were carried out in collaboration between the service team, the Rokan Hilir Regency Cooperatives and UKM Service and several MSME players in Rokan Hilir Regency. The purpose of this activity is to increase the willingness or desire of MSME actors in Rokan Hilir Regency to use accounting to improve the financial performance of MSMEs. Then with this activity, it is hoped that participants will be able and skilled to prepare financial reports according to SAK EMKM so that it is useful in improving the performance of MSMEs.The results of the activity provide additional knowledge and understanding to MSME actors how the process of preparing financial statement is in accordance with SAK EMKM. Participants who are MSME players can compile financial statement starting with journalizing, posting to ledgers, trial balance and preparing income statements and statements of financial position

scholarly journals Lean accounting: a structured literature review

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Rafael Figueira Alves ◽  
Julio Vieira Neto ◽  
Daniel Luiz de Mattos de Mattos Nascimento ◽  
Flavio Ezequiel de Andrade ◽  
Guilherme Luz Tortorella ◽  
...  
Keyword(s):  
Literature Review ◽  
Lean Manufacturing ◽  
Management Accounting ◽  
Complete Analysis ◽  
Future Research ◽  
Publication Date ◽  
Content Type ◽  
Lean Accounting ◽  
Structured Literature Review

PurposeThe purpose of the paper is to perform a review and analyze the literature on lean accounting (LA) to develop insights into how LA research is developing, offering a critique of the research to date and underlining future research opportunities.Design/methodology/approachThe research uses a structured literature review (SLR) to categorize and analyze 39 research articles from relevant journals with a publication date from 1996 to 2020 (September) and to answer three research questions.FindingsFindings demonstrated that although LA seems to be the most suitable method for lean companies, it still lacks research in terms of the role of accountants in lean organizations as well as how its concepts are integrated with the generally accepted accounting principles (GAAP).Practical implicationsThe paper provides both academics and practitioners with valuable insights regarding the role of management accounting and accountants in the pursuit of lean transformation, presenting meaningful themes and a complete analysis of the literature along with research gaps for future research.Originality/valueThe paper contributes to lean manufacturing literature by providing a comprehensive SLR of articles regarding LA. Also, the paper serves as a basis for developing future research agendas in management accounting practices for lean organizations.

The alignment between management accounting and lean manufacturing: rhetoric and reality

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Amanda Oliveira Fontenelle ◽  
Juliana Keiko Sagawa
Keyword(s):  
Case Studies ◽  
Lean Manufacturing ◽  
Management Accounting ◽  
Future Research ◽  
Maturity Model ◽  
Accounting Systems ◽  
Content Type ◽  
Management Accounting Systems ◽  
Function Management ◽  
Lean Accounting

Purpose Lean manufacturing (LM) has advocated gains by reducing waste and intensifying continuous improvement. As a holistic organizational policy, it must overpass the limits of the manufacturing function. Management accounting should be aligned to lean thinking, aiming to meet the demands and goals of a lean organization. This paper aims to investigate the degree of alignment between management accounting systems and LM practices. Design/methodology/approach Two representative case studies were carried out in industry leaders in the implementation of LM, in Brazil. The key research constructs and were identified by means of a systematic literature review. The rhetoric and practice concerning the alignment between management accounting and LM are discussed based on the existing theory and the conducted case studies. Findings The analysis showed that many of the principles that form the rhetoric of lean accounting are far from the accounting practices observed in the companies. Using the theory-building function of case studies, 10 propositions to be tested in future research are proposed. The main propositions are also summarized in a framework based on analogies with optical lenses. Originality/value To the best of the knowledge, there are no previous in-depth studies focusing on characterizing this alignment between management accounting and LM practices. The analysis yields prescriptive directions for managers that seek to improve this alignment in their business. This study also proposes a five-stage maturity model, which can be used by the managers to assess this alignment and to set goals for reaching more advanced levels of maturity.

Ringing the Changes—For the Future

2015 ◽  
Vol 37 (5-6) ◽  
Author(s):  
John Corish
Keyword(s):  
Financial Management ◽  
World Economy ◽  
Management Accounting ◽  
Management Information Systems ◽  
Secretary General ◽  
Management Information ◽  
Timely Manner ◽  
The Past ◽  
Financial Conditions ◽  
The Future

As the world economy continues to return, if somewhat haltingly, to a more vibrant state, it is good to be able to report that during the past twelve months there have been significant and beneficial changes in all aspects of the financial management and operation of the Union. It goes without saying that it has not been possible for IUPAC to emerge completely unscathed from the very difficult financial conditions that have prevailed during and since the recession, but we have come through these circumstances very well. More importantly, we have now set the foundations in our revenue generation and financial management information systems and expenditure controls that will enable us to progress and prosper in the future. The Executive Director and Secretary General have worked this year to bring the management accounting for all operations in-house and the Secretariat is now using new GAAP-compliant software. The recent appointment of a financial controller will ensure that our management accounting is undertaken in a much more timely manner.

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