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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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