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The Lowdown on Lean Accounting

Summary of article:
The Lowdown on Lean Accounting
van der Merwe, Anton; Thomson, Jeffrey. Strategic Finance 88. Ã?8 (Feb 2007): 26-33.

The article criticizes the Lean Accounting movement. Summarize three of the author's arguments.

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Summary of article:
The Lowdown on Lean Accounting
van der Merwe, Anton; Thomson, Jeffrey. Strategic Finance 88. Ã?8 (Feb 2007): 26-33.

The authors of "The Lowdown on Lean Accounting" are concerned about the proponents of Lean Accounting getting overly enthusiastic about the benefits of lean accounting and cite several weaknesses of Lean Accounting for decision-making and financial reporting. While the authors admit that manufacturing, particularly the "factory floor," gains greatly from a practice of focusing on materials and bottlenecks and throwing conversion costs into a pile of "unavoidable" and thus ignorable costs, the practice may not extend benefits through the full ...

Solution Summary

Your tutorial is 401 words and explains that the author believe lean accounting has many merits but wide scale adoption is premature. Three main reasons are given.

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