Flow accounting: The next challenge for 21st century Lean businesses

Darlington, J, Found, P ORCID: https://orcid.org/0000-0002-1879-8204 and Francis, M 2015. Flow accounting: The next challenge for 21st century Lean businesses. Chiarini, Andrea, Found, Pauline ORCID: https://orcid.org/0000-0002-1879-8204 and Rich, Nicholas, eds. Understanding the Lean Enterprise, Measuring Operations Performance, Cham: Springer, pp. 79-99. (10.1007/978-3-319-19995-5_4)

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Abstract

Traditional management accounting conventions do not support the Lean paradigm and, whilst numerous alternative accounting approaches have been developed over the last 25 years, there is still dissatisfaction amongst academics and practitioners in developing an alternative approach to address this issue. This paper presents a framework for such an approach that the authors call Flow Accounting. This has been developed over a number of years of empirical research at several large test sites and is advanced as an improved management accounting approach for more effective performance assessment and operational decision-making within the Lean enterprise. This paper further presents an empirical case study of an application of the technique within the aerospace industry. In particular, it discusses the findings derived using a new holistic mapping technique called Big Picture Financial Mapping that helps target improvement initiatives and quantifies the financial potential.

Item Type:	Book Section
Date Type:	Published Online
Status:	Published
Schools:	Business (Including Economics)
Publisher:	Springer
ISBN:	978-3-319-19995-5
Last Modified:	25 Oct 2022 13:16
URI:	https://orca.cardiff.ac.uk/id/eprint/119359

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