“Accountants should learn how to take a walk in order to see value from waste and envision a better way to create value,” Womack told roughly 275 financial managers and executives during his keynote presentation at the seventh annual Lean Accounting Summit, Sept. 15, Orlando, FL.
Womack said the goal of the lean accounting movement should be to do “the least possible counting” since no customer thinks accounting is valuable. Customers want products and services that work, are cost efficient, and, most importantly, solve their problems.
“I have never bought a product and asked, ‘Is there a lot of accounting in this product? If there is a lot of accounting in it, I’d like to pay more.’”