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Value Creation with Lean Accounting

Samad, Muhammad Abdus LU ; Shu, Yumeng LU and Ogar, Kateryna LU (2017) BUSN79 20171
Department of Business Administration
Abstract
The study adapts on the cybernetic controls part of the framework of Malmi and Brown (2008) elaborating the discussion to resolve the limitations of traditional accounting practices with the combination of modern accounting techniques. Since some conventional practices of accounting are no longer commensurate to the contemporary lean manufacturing environment, the emerging techniques come in place. That is to eliminate ineffective practices and to make sure those modern accounting practices are relevant to support lean manufacturing. The proposed framework inspired by system thinking theory and value chain management, build a business model that prioritize customer first. The integrated management accounting system within the framework... (More)
The study adapts on the cybernetic controls part of the framework of Malmi and Brown (2008) elaborating the discussion to resolve the limitations of traditional accounting practices with the combination of modern accounting techniques. Since some conventional practices of accounting are no longer commensurate to the contemporary lean manufacturing environment, the emerging techniques come in place. That is to eliminate ineffective practices and to make sure those modern accounting practices are relevant to support lean manufacturing. The proposed framework inspired by system thinking theory and value chain management, build a business model that prioritize customer first. The integrated management accounting system within the framework connects JIT+TC+TDABC+BSC together to build lean accounting in a package. The integrated management accounting techniques in a package show the systematic way to capture the performance of value chain with the support of MCS. Resource utilization is optimized once the non-value added activities are eliminated and the performance of resources capacity increased. (Less)
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author
Samad, Muhammad Abdus LU ; Shu, Yumeng LU and Ogar, Kateryna LU
supervisor
organization
alternative title
Optimizing utilization of resources through the value chain applying management accounting techniques in a package around management control system.
course
BUSN79 20171
year
type
H1 - Master's Degree (One Year)
subject
keywords
lean accounting, Strategic management accounting, target costing, time-driven activity based costing, value chain management.
language
English
id
8917475
date added to LUP
2017-07-05 15:49:37
date last changed
2017-07-05 15:49:37
@misc{8917475,
  abstract     = {The study adapts on the cybernetic controls part of the framework of Malmi and Brown (2008) elaborating the discussion to resolve the limitations of traditional accounting practices with the combination of modern accounting techniques. Since some conventional practices of accounting are no longer commensurate to the contemporary lean manufacturing environment, the emerging techniques come in place. That is to eliminate ineffective practices and to make sure those modern accounting practices are relevant to support lean manufacturing. The proposed framework inspired by system thinking theory and value chain management, build a business model that prioritize customer first. The integrated management accounting system within the framework connects JIT+TC+TDABC+BSC together to build lean accounting in a package. The integrated management accounting techniques in a package show the systematic way to capture the performance of value chain with the support of MCS. Resource utilization is optimized once the non-value added activities are eliminated and the performance of resources capacity increased.},
  author       = {Samad, Muhammad Abdus and Shu, Yumeng and Ogar, Kateryna},
  keyword      = {lean accounting,Strategic management accounting,target costing,time-driven activity based costing,value chain management.},
  language     = {eng},
  note         = {Student Paper},
  title        = {Value Creation with Lean Accounting},
  year         = {2017},
}