Lean Accounting Award from the Lean Enterprise Institute Goes to an Accounting Professor and 2 Ph.D. Candidates

CAMBRIDGE, Mass.--(BUSINESS WIRE)--An accounting professor and two doctoral candidates received 2011 Excellence in Lean Accounting Awards, sponsored by the nonprofit Lean Enterprise Institute (LEI) at the seventh annual Lean Accounting Summit.

“a generous resource of expertise and a source of encouragement to students and accounting professionals advancing lean accounting”

About 275 finance and operations professionals from manufacturing and service companies attended the conference, Sept. 15-16, in Orlando.

Sandra Richtemeyer, Ph.D, CMA, CPA, received the award for her years of being “a generous resource of expertise and a source of encouragement to students and accounting professionals advancing lean accounting,” noted Chet Marchwinski, LEI communications director. Richtemeyer is chair of the Accounting Department, Williams College of Business, Xavier University, Cincinnati. She has participated in every Lean Accounting Summit, according to Lean Frontiers, conference organizers.

Dan Harris, a teacher at the Patterson School of Accountancy, University of Mississippi, and Rao Manjunath, a teacher at Maharishi University of Management, received student awards. Harris’s doctoral dissertation will compare the performance of companies pursuing lean transformations to companies that are not. Rao’s dissertation will address why a majority of manufacturers continue to use traditional standard cost accounting even as they adopt lean manufacturing.

What is Lean?

The terms lean manufacturing, lean production, or lean management refer to a complete business system for organizing and managing product development, operations, suppliers, customer relations, and the overall enterprise.

Lean Accounting

The Lean Accounting Workshop from LEI delivers the logic, key principles, and proven methodology to create a complete lean accounting system that accurately reflects the benefits of a lean transformation. The workshop is based on the successful lean accounting transformation performed by The Wiremold Company and it is taught by Orest Fiume, Wiremold's vice president of finance, during the transformation.

For complete information about workshops discounts, course content, and registration, go to the Education page at http://www.lean.org/Workshops/WorkshopCalendar.cfm, call 617-871-2900, or email [e-mail].

Lean Enterprise Institute

Lean Enterprise Institute, Inc., was founded in 1997 by management expert James P. Womack, Ph.D., as a nonprofit research, education, publishing, and conference company with a mission to advance lean thinking around the world. Visit LEI at http://www.lean.org for more information and to join LEI’s community of Lean Thinkers with access to case studies, lean leadership interviews, webinars, newsletters, and more.

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