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Lean Accounting Winners 2010

Lean Accounting Winners 2010

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Published by Chet Marchwinski
At the recent Lean Accounting Summit, a Shingo Research Award winner was honored.
Prof. Rosemary Fullerton, Ph.D., CPA, Jon Huntsman Business School, Utah State University, was the teacher award winner of the Lean Accounting Award (which LEI, my employer, sponsors) . She explained how she applied information from the event. She is co-author with Jerry Solomon of Accounting for World-Class Operations, which won a Shingo Research and Professional Publication Award in 2008.

The student winner of the accounting award, Dan Harris of Mississippi State, also explained how he applied what he learned at the event.
At the recent Lean Accounting Summit, a Shingo Research Award winner was honored.
Prof. Rosemary Fullerton, Ph.D., CPA, Jon Huntsman Business School, Utah State University, was the teacher award winner of the Lean Accounting Award (which LEI, my employer, sponsors) . She explained how she applied information from the event. She is co-author with Jerry Solomon of Accounting for World-Class Operations, which won a Shingo Research and Professional Publication Award in 2008.

The student winner of the accounting award, Dan Harris of Mississippi State, also explained how he applied what he learned at the event.

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Published by: Chet Marchwinski on Oct 28, 2010
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11/25/2010

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lean.org Lean Enterprise Institute 1
Lean Accounting Award Recognizes the Work of an Accounting Professor and GraduateStudent
IMMEDIATE RELEASECambridge, MA, Oct. 27, 2010
 — 
An accounting professor and a graduate student have won2010 Excellence in Lean Accounting Awards from the Lean Enterprise Institute (LEI),a nonprofit education, publishing, conference, and management research company with a missionto advance lean thinking around the world.The awards went to Associate Professor Rosemary Fullerton, Ph.D., CPA, at the Jon HuntsmanBusiness School, Utah State University, and to Daniel Harris, a doctoral candidate at MississippiState University. (Harris explains how he applied what he learned in this video interview on LEIFacebook page: http://www.facebook.com/#!/video/video.php?v=491691437183 ) The award, sponsored by LEI at the annual Lean Accounting Summit,recognizes teachers or
students who attended the previous year’s conference then applied what they learned in the
classroom.
Lean Management Research
Fullerton, who has attended all seven Lean Accounting Summits and been a summit presenter,
said the conferences “have been invaluable in providing me with information, contacts, andcreative ideas”
for teaching a graduate course on accounting. Two contacts, Jerry Solomon andBrian Maskell, helped her with research that led to her and Solomon writing 
which won a Shingo Research and Professional Publication Award in2008.Harris said he was new to lean management
concepts last year “but I found the discussions onmetrics very interesting.” He is using what he learned in his Ph.D. dissertation, which
is focusingon a large
company implementing lean accounting. “It’s really going to delve into plants that are
in different stages of 
implementation,” he said.
The awards were presented by LEI Communications Director Chet Marchwinski during aplenary session at the summit Sept. 21-22 in Las Vegas. The conference drew more than 300accounting, finance, and operations professionals from service and industrial companies.
Making a Lean Leap
 
lean.org Lean Enterprise Institute 2
Conference organizers said the lean accounting movement seeks a shift from traditional costaccounting practices to practices that accurately measure and motivate companies implementinglean management principles.The goal of the award program is to bring the principles and practices of lean accounting intohigher education, which is still a challenge, Fullerton said.
“There are some excellent books on lean accounting,” she said, “b
ut they are prepared forpractitioners, which is very different from a typical textbook approach. In the classic costaccounting textbooks, there is also little information on lean accounting yet. There is much roomto grow in lean accounting education, but there are also encouraging pockets of interest
developing. ”
Getting graduate accounting students to look beyond career opportunities in public accountingalso is a challenge.
“The public accounting firms are certainly the main recruiters,” she said. “So even though my
graduate students really seem to enjoy my lean accounting focused class
I consistently getmy highest teaching evaluations in this class
it is more difficult to pique their general interestin the material and convince them of its career relevance. I do have students come back aftergraduation and tell me that the lean class was the most fun graduate course they took, and they
have been able to apply the lean concepts by improving processes in their work.”
Her students learn how to apply lean management concepts, not just in accounting, buteverywhere in business, including the type of information system that supports lean managementtransformations. Students also participate in simulations and go on plant tours to see the conceptsin action. Their main assignment is a group project, where they work with a company trying toimprove a process related to accounting.
“It
 
is a very different class than most accounting students are accustomed to,” she said.
 
For More Information
 Lean Accounting Workshop from LEI guides financial and operations managers through thenecessary changes in finance needed to support lean transformations, which often cause conflictswith long-established accounting systems.
The terms lean, lean manufacturing, lean production, or lean management refer to a completebusiness system for organizing and managing product development, operations, suppliers,customer relations, and the overall enterprise that requires less capital, material, space, time, orhuman effort to produce products and services with fewer defects to precise customer desires,compared with traditional modern management.

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