Lean Accounting Techniques and Competitive Advantage of Listed Manufacturing Firms in Nigeria (Published)
This study explored lean accounting techniques and the competitive advantage of listed manufacturing firms in Nigeria. The main objective was to determine how the adoption of lean accounting techniques such as value stream, target costing, kaizen costing, Box score reporting and visual reporting enhances firms’ strategic competitiveness within Nigerian’s dynamic manufacturing sector. A quantitative research design was employed, using structured questionnaires administered to accounting and managerial personnel of selected listed manufacturing firms. Data were analysed using descriptive and inferential statistics, including regression analysis to test the hypothesized associations. The findings revealed that value stream costing has a significant effect on quality improvement and operational efficiency of the listed manufacturing firms in Nigeria, target costing has a significant effect on quality improvement and operational efficiency of the listed manufacturing firms in Nigeria, kaizen costing has a significant effect on quality improvement and operational efficiency of the listed manufacturing firms in Nigeria, box score reporting has a significant effect on quality improvement and operational efficiency of the listed manufacturing firms in Nigeria and visual reporting has a significant effect on quality improvement and operational efficiency of the listed manufacturing firms in Nigeria. The study concludes that the implementation of lean accounting techniques significantly enhances the competitive advantage of listed manufacturing firms in Nigeria. Policymakers and regulatory bodies are encouraged to promote training, awareness, and supportive frameworks for lean practice implementation.
Keywords: Competitive Advantage, Manufacturing Firms, Nigeria, lean accounting, target costing, value stream