what is kaizen accounting?

Answer 1

Kaizen is the Japanese term for Continuous Improvement. Kaizen budgeting incorporates expectations for continuous improvement into budgetary estimates. Kaizen costing determines target cost reductions for a period, such as a month. Thus, variances are the differences between actual and targeted cost reduction. The objective is to reduce actual costs below standard costs. The cost-reduction activities associated with the Kaizen approach minimize costs throughout the entire product life cycle. Therefore, it has the advantage of being closely related to the entity's profit-planning procedures.

Answer 2

Kaizen Budgeting

Answer 3

A Japanese term for continuous improvement in production design, process and system.The aim is to reduce idle time.This is just against the standard costing system.

Answer 4

Kaizen is a Japanese word this is a proper way that can help you in increasing the efficiency of you business productivity and less the wastage that usually happens in a company .