International Journal of Academic Research in Business and Social Sciences

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Lean Accounting - An Ingenious Solution for Cost Optimization

Open access
The aim of this work is to present a new concept in accounting management: Lean Accounting. This work explains the way the lean concept was born; its benefits for the production system of the factories and the necessity of applying lean accounting in the factories which have implemented lean production, taking into account both its advantages and the boundaries of the other cost management methods in those factories.