Lean accounting is based on the philosophy
A) that there should be a complete employee-focused approach in the organisation
B) that there should be a complete shareholder-focused approach in the organisation
C) that there should be a complete customer-focused approach in the organisation
D) that there should be a complete management-focused approach in the organisation

Question

Quizplus · Accepted Answer

Lean accounting is based on the philosophy of a complete customer-focused approach in the organization, where the goal is to eliminate waste and deliver value to the customer. It is a management accounting approach that supports the lean business philosophy by providing information that is relevant, timely, and useful for decision-making processes that impact the customer. Lean accounting ensures that all accounting processes and systems support the lean business philosophy and provide accurate and timely information necessary for continuous improvement efforts.

Lean Accounting Is Based on the Philosophy