IDEAS home Printed from https://ideas.repec.org/a/vrs/ecothe/v58y2020i4p573-592n3.html
   My bibliography  Save this article

Lean Accounting and Value Stream Costing for More Efficient Business Processes

Author

Listed:
  • Čečević Bojana Novićević

    (University of Niš, Faculty of Economics, Republic ofSerbia)

  • Đorđević Milica

    (University of Niš, Faculty of Economics, Republic ofSerbia)

Abstract

Required customer value, just in time delivery, elimination of all forms of waste from production and all business processes in the company and the like are basic characteristics of lean business concept. Achieving and maintaining competitive advantage, implies to carefully consider and apply the five principles of the Lean concept and establish a value stream. Primarily, the Lean concept was applied in the production process, but due to the numerous perceived benefits, the Lean concept can be applied in all company processes, including accounting. Lean accounting involves changing financial reporting, business process control and business decision-making processes. Lean accounting relies on the value stream with all income and expenses. The paper analyzes the application of value stream costing and financial effects of business improvement using the Lean concept.

Suggested Citation

  • Čečević Bojana Novićević & Đorđević Milica, 2020. "Lean Accounting and Value Stream Costing for More Efficient Business Processes," Economic Themes, Sciendo, vol. 58(4), pages 573-592, December.
    • Handle: RePEc:vrs:ecothe:v:58:y:2020:i:4:p:573-592:n:3
    DOI: 10.2478/ethemes-2020-0032
    as

    Download full text from publisher

    File URL: https://doi.org/10.2478/ethemes-2020-0032
    Download Restriction: no
    File URL: https://libkey.io/10.2478/ethemes-2020-0032?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Keywords

    Lean concept; Lean accounting; value stream costing;
    All these keywords.

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:vrs:ecothe:v:58:y:2020:i:4:p:573-592:n:3. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Peter Golla (email available below). General contact details of provider: https://www.sciendo.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.