Lean accounting

Lean accounting is costing method that supports creating value for the customer by costing the entire value stream, not individual products or departments, thereby eliminating waste in the accounting process.

Definitions

According to Cost Accounting by Horngren, Datar, Rajan (14th edition),

Lean accounting. Costing method that supports creating value for the customer by costing the entire value stream, not individual products or departments, thereby eliminating waste in the accounting process.