CAMBRIDGE, Mass.--(BUSINESS WIRE)--Two accounting professors have won 2009 Excellence in Lean Accounting Awards from the Lean Enterprise Institute (LEI), a nonprofit education, publishing, conference, and management research company with a mission to advance lean thinking around the world.
Gerald DeBusk, Ph.D., assistant professor of accounting, University of Tennessee at Chattanooga, and Andrew Bargerstock, Ph.D., associate professor of management, Maharishi University of Management, Fairfield, IA, received awards at the fifth annual Lean Accounting Summit conference, Sept. 23, in Orlando, FL.
The annual award sponsored by LEI recognizes teachers or students who attended the previous year’s conference then applied what they learned in the classroom.
For example, after attending last year’s conference in Las Vegas, DeBusk introduced lean concepts and examples into his managerial accounting course for MBA students. His students not only learn traditional accounting concepts about such issues as inventory valuation and absorption, but also the lean management approach, which many students need back at work because their companies are undergoing a lean transformation.
“I get a lot of positive comments on bringing the real world into the classroom,” said DeBusk, who worked as a controller at a company implementing lean methods.
Organizers of the Lean Accounting Summit said the lean accounting movement seeks a shift from traditional cost accounting practices to practices that accurately measure and motivate companies implementing lean management principles.
Lean Enterprise Institute
The 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. We teach courses, hold management seminars, write and publish books and workbooks, and organize public and private conferences. We use the surplus revenues from these activities to conduct research projects and support other lean initiatives such as the Lean Education Academic Network and the Lean Global Network. For more information visit LEI at http://www.lean.org. Lean Enterprise Institute and the leaper image are registered trademarks of Lean Enterprise Institute, Inc.
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