Need assistance with an outline for my research paper with ideas.
My thesis is:
Although accounting for lean is a more efficient and effective method of measuring production performance, the concept has not been embraced for external financial reporting.
My options for solving are:
My problem solvers are one....getting GAAP to recognize it and making it more acceptable by showing that GAAP no longer makes sense for modern day companies. It needs to change with the times. Supplements/non-financial information needed to be added alongside GAAP so that the complete results are captured. GAAP needs to be more relevant.
On the other hand, having it used for internal reporting and keeping GAAP for external reporting.