Accessibility Statement Skip Navigation
  • Why PRWeb
  • How It Works
  • Who Uses It
  • Pricing
  • Login
  • GDPR
  • Create a Free Account
Return to PRWeb homepage
  • News
  • Resources
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All News Releases
      • Multimedia Gallery

      • All Multimedia
      • All Photos
      • All Videos
  • Business & Money
      • Auto & Transportation

      • Aerospace, Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads and Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking and Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers and Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalization
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls and Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil and Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defense
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation and Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking and Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers and Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines and Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics and Personal Care
      • Fashion
      • Food & Beverages
      • Furniture and Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewelry
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks and Tourist Attractions
      • Gambling & Casinos
      • Hotels and Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Advocacy Group Opinion
      • Animal Welfare
      • Congressional & Presidential Campaigns
      • Corporate Social Responsibility
      • Domestic Policy
      • Economic News, Trends, Analysis
      • Education
      • Environmental
      • European Government
      • FDA Approval
      • Federal and State Legislation
      • Federal Executive Branch & Agency
      • Foreign Policy & International Affairs
      • Homeland Security
      • Labor & Union
      • Legal Issues
      • Natural Disasters
      • Not For Profit
      • Patent Law
      • Public Safety
      • Trade Policy
      • U.S. State Policy
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Hamburger menu
  • Cision PRWeb provides efficient communication tools to continuously engage with target audiences across multiple online channels
  • Create a Free Account
    • ALL CONTACT INFO
    • Contact Us


      11AM ET Sunday – 8PM ET Friday

  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • News in Focus
    • Browse All News
    • Multimedia Gallery
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR

Lean Enterprise Institute Accounting Awards Go to Professor and Student
  • USA - English


News provided by

Lean Enterprise Institute

Oct 19, 2015, 08:00 ET

Share this article

Share toX

Share this article

Share toX

Amy Shaw, left, and Professor Patricia Hart Timm accept Excellence in Lean Accounting Awards from Chet Marchwinski, communications director, Lean Enterprise Institute.
Amy Shaw, left, and Professor Patricia Hart Timm accept Excellence in Lean Accounting Awards from Chet Marchwinski, communications director, Lean Enterprise Institute.

Cambridge, MA (PRWEB) October 19, 2015 -- A graduate of Western Washington University, Bellingham, WA, and a professor at Northwood University, Midland, MI, are the winners of 2015 Excellence in Lean Accounting Awards from the nonprofit Lean Enterprise Institute (LEI).

The goal of the award program is to bring the principles and practices of lean accounting into higher education, business schools, and, ultimately, companies.

Post this

The awards were presented to Patricia Hart Timm PhD, CPA, associate professor, interim academic dean, and accounting chair, at Northwood and Amy Shaw, who graduated from Western Washington with a double major in Accounting and Operations Management in June of 2014. She expects to receive her Certified Public Accountant’s license by the end of 2015.

The awards were presented at the annual Lean Accounting Summit, October 8-9, 2015, in Jacksonville, FL. About 200 finance and operations managers from manufacturing and service companies attended the conference organized by Lean Frontiers.

“The goal of the award program is to bring the principles and practices of lean accounting into higher education, business schools, and, ultimately, companies,” said Jim Huntzinger, president and founder of Lean Frontiers.

“As a nonprofit research, training, and publishing company, the Lean Enterprise Institute’s
mission is essentially education,” said Chet Marchwinski, LEI communications director. “So it’s very fitting that LEI support and recognize professors and students who are advancing lean thinking and practice.”

Applying Knowledge
The award recognizes teachers and students who attended a previous summit then applied what they learned. Winners are selected by a panel of lean accounting thought leaders.

When Shaw attended in 2013 she was inspired to bridge the gap in knowledge about lean in the academic and accounting communities. Working with Audrey Taylor, her former accounting professor at Western Washington, she wrote an article about lean practices after observing a continuing lean transformation at FastCap, a manufacturer in nearby Bellingham, WA.

In May 2015, their article was the cover story in Strategic Finance Magazine. She plans to continue publishing articles about how to apply lean thinking and practices to the public accounting profession. She currently works at Soukup Bush & Associates, a CPA firm in Fort Collins, CO.

Timm’s dissertation examined the lack of adoption of lean accounting techniques, such as value-stream costing, in lean manufacturing companies. She contacted 2,307 attendees of summits from 2005–2013 and invited them to participate in an online survey. Seventy agreed and she currently is synthesizing the results into articles for publishing. She also is preparing a lean accounting curriculum for Northwood.

Accounting for Lean
Conference organizers said the lean accounting movement seeks a shift from traditional cost accounting practices to methods 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 reveal reductions in inventory or cycle times or new-found capacity in operations produced by the 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
Lean Enterprise Institute Inc., a 501(c)(3) nonprofit based in Cambridge, MA, makes things better through lean research, training, publishing, and events. Founded in 1997 by management expert James P. Womack, PhD, LEI supports other lean initiatives such as the Lean Global Network, the Lean Education Academic Network, and the Healthcare Value Network. Learn more about LEI at http://www.lean.org.

About Lean Frontiers
Since 2005 Lean Frontiers has organized tightly focused events aimed at helping organizational silos understand how they can support lean transformations across the organization. The company produces lean events for Accounting, HR, Sales and Marketing, IT, Supply Chain and Logistics, Product Development, and Business Coaching. Learn more at: http://www.leanfrontiers.com/

Chet Marchwinski, Lean Enterprise Institute, http://www.lean.org, +1 (617) 871-2930, [email protected]

Modal title

Make the leap to lean management with resources from the nonprofit Lean Enterprise Institute
Make the leap to lean management with resources from the nonprofit Lean Enterprise Institute
Amy Shaw, left, and Professor Patricia Hart Timm accept Excellence in Lean Accounting Awards from Chet Marchwinski, communications director, Lean Enterprise Institute.
Amy Shaw, left, and Professor Patricia Hart Timm accept Excellence in Lean Accounting Awards from Chet Marchwinski, communications director, Lean Enterprise Institute.
Make the leap to lean management with resources from the nonprofit Lean Enterprise Institute Amy Shaw, left, and Professor Patricia Hart Timm accept Excellence in Lean Accounting Awards from Chet Marchwinski, communications director, Lean Enterprise Institute.

Contact PRWeb

  • 11AM ET Sunday – 8PM ET Friday
  • Contact Us

About PRWeb

  • About PRWeb
  • Partners
  • Partnership Programs
  • Editorial Guidelines
  • Resources

Why PRWeb

  • Why PRWeb
  • How It Works
  • Who Uses It
  • Pricing

Accounts

  • Create a Free Account
  • Log in
  • Contact Us

Do not sell or share my personal information:

  • Submit via [email protected] 
  • Call Privacy toll-free: 877-297-8921

Contact Cision

Products

About

My Services
  • All News Releases
  • Online Member Center
  • ProfNet
Cision Distribution Helpline
888-776-0942
  • Legal
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 Cision US Inc.