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Determinants Influencing the Application of Lean Accounting: The Case of Vietnamese Garment Firms

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  • Thi Minh Phuong Nguyen

    (School of Accounting & Auditing, National Economics University, Hanoi 1400, Vietnam)

  • Thi Hai Chau Ngo

    (Faculty of Economics and Management, Thuy Loi University, Hanoi 1400, Vietnam)

Abstract

The shift towards lean production is gradually replacing traditional mass production, and lean accounting is also being mentioned to evaluate operational efficiency based on the lean philosophy, eliminating waste, and simplifying direct cost aggregation along the value stream to improve productivity, distribution, quality, and service. This study aims to evaluate the impact of various factors on the adoption of lean accounting in Vietnamese garment firms based on data collected from 242 survey questionnaires completed by managers and accountants of Vietnamese garment firms. Through Cronbach’s Alpha test, EFA test, and multiple regression analysis to verify and forecast information, eight determinants affecting the adoption of lean accounting in Vietnamese garment firms are arranged in descending order of influence, including leadership, size, cost of implementation, resources, accounting department, education and training, culture, and competitive pressure. Based on the findings, recommendations are proposed to management businesses and agencies to address shortcomings in the process of applying lean accounting, contributing to making it one of the most effective tools in promoting product development and continuous improvement, enhancing quality and production efficiency.

Suggested Citation

  • Thi Minh Phuong Nguyen & Thi Hai Chau Ngo, 2023. "Determinants Influencing the Application of Lean Accounting: The Case of Vietnamese Garment Firms," JRFM, MDPI, vol. 16(5), pages 1-26, May.
    • Handle: RePEc:gam:jjrfmx:v:16:y:2023:i:5:p:279-:d:1151494
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    References listed on IDEAS

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    2. Dimi Ofileanu & Dan Ioan Topor, 2014. "Lean Accounting - An Ingenious Solution for Cost Optimization," International Journal of Academic Research in Business and Social Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Business and Social Sciences, vol. 4(4), pages 342-352, April.
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    4. Harvey James, 2007. "From the editor," Agriculture and Human Values, Springer;The Agriculture, Food, & Human Values Society (AFHVS), vol. 24(3), pages 275-279, September.
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