Lean accounting - Issues for Vietnam garment companie

Abstract

Lean accounting is applied to companies implementing lean production to evaluate operational efficiency according to the lean philosophy, simply summarizing direct costs by value streams, using easy-to-understand reports, box scores, etc. Applying lean accounting brings many benefits to companies such as: increasing revenue because world accounting provides better information for decision making, identifying financial impacts lean improvements, reduce costs, and drive long-term improvements through lean focused information and metrics (Maskell and Baggaley, 2006). The article analyzes Vietnamese garment enterprises companies that are implementing lean production, conducts surveys and investigates questionnaires to determine and evaluate the influence of factors on the application of lean accounting companies. At the same time, the article also provides recommendations to implement lean accounting successfully and effectively, bringing benefits to businesses.