AN OVERVIEW OF THE LEAN ACCOUNTING CONCEPT AND THE PROS AND CONS OF ITS APPLICATION IN THE BUSINESS SETTING (2331 WORDS, 9 PAGES)

IntroductionThe lean accounting concept is derived from the lean manufacturing principles that were first developed by the post-World War II leaders of the world-renowned Toyota Corporation of Japan. Upon their visit to the United States Ford Motor Corporation, the Japanese leaders of Toyota initiated strategies that could maximize the … 

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