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Traditional Accounting vs Lean Accounting

David Paino from Brian Maskell Associates discusses the differences between traditional accounting and Lean accounting with Karl Wadensten of “The Lean Nation” AM790 radio broadcast. An overview which looks into the differences between the two approaches and how Lean accounting seeks to obtain “actionable” information from accounting in order to maximize flow; creating different assumptions about profit and using this to create an alternative business map.

 

 

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