GA 399 | Practicing Lean Accounting with Mike De Luca and Nick Katko

This week’s guests are Mike De Luca and Nick Katko. Together with Ron they discussed the concept of lean accounting, and what its advantages are over traditional cost accounting. An MP3 audio version of this episode is available for download here.

In this episode you’ll learn: 

  • Mike’s favorite quote (4:16)
  • Their backgrounds (4:48)
  • Why lean accounting is important (6:23)
  • Why it’s better than traditional cost accounting (8:47)
  • What to do if the customer is wrong (13:24)
  • Using traditional cost accounting versus lean accounting in healthcare (15:40)
  • Leading and lagging indicators (24:13)
  • About their book (26:03)

Podcast Resources

What Do You Think?

Have you had any experience with lean accounting?

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