In the wake of recent accounting scandals, corporations commonly forget that their accountants' primary function is not to prepare information for the outside world (investors, regulators, etc.) but, first and foremost, to provide management with information to make sound decisions.
Typically, companies use antiquated Standard Cost systems and are unaware of real product and client profitability. Lean accounting moves beyond Standard Costing and Activity Based Costing and works with the true Lean measure of profitability: Value Stream Costing.
The result is a completely new way to control a business and a very different approach to measuring performance. Lean Accounting is the only tool that will provide accurate information to make pricing decisions, profitability studies, make/buy analysis, new product introduction cost analysis and product and customer rationalization.