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Lean Enterprise Institute Honors the Work of Two Lean Accounting Professors


Cambridge, Mass., Oct. 1, 2009 -- 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.

Lean Management 

Organizers of the annual 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.

The shift is needed because traditional cost accounting does not accurately reflect the performance gains made when companies launch a lean transformation.  For example, traditional financial statements do not accurately reflect reductions in inventory or cycle times, or new found capacity in operations caused by a lean transformation.  Traditional accounting practices also motivate the wrong behaviors in companies implementing lean principals.  For instance, conventional efficiency metrics can motivate management to create excess inventory. 

About the 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 to support other lean initiatives such as the Lean Education Academic Network (www.teachinglean.org ) the Lean Global Network (www.leanglobal.org), and the Healthcare Value Leaders Network™ (http://healthcarevalueleaders.org/ ). Lean Enterprise Institute and the leaper image are registered trademarks of Lean Enterprise Institute, Inc.

For more information visit LEI at https://www.lean.org.

LEI media contact: Chet Marchwinski, cmarchwinski@lean.org, (617) 871-2930