Baylor Business Professor Laurie Burney Recognized by Lean Enterprise InstituteOct. 8, 2018
By Caroline Mitchell
Laurie Burney, associate professor of Accounting, received the Excellence in Lean Accounting Professor Award from the Lean Enterprise Institute (LEI) at the recent Lean Accounting and Management Summit.
The LEI recognizes a teacher and a student each year at the annual summit who have previously attended a summit and then applied what they learned to classwork and research. The goal of the award program is to integrate lean accounting into higher education. In 2016 Burney and Katie Kennedy, a Master of Accountancy student at the time, received a scholarship to attend the Lean Accounting Summit. The recent award is a result of work done by Burney and Kennedy since that summit.
Burney says she is honored to receive this award. “Receiving this award recognizes the work I have put into helping students learn about lean accounting,” she said. Burney said she had to work on the curriculum on her own because “lean is not a typical classroom concept where materials are provided.”
Lean accounting is a business system derived from Toyota after World War II and is not consistent with cost accounting. According to LEI, “[lean] requires less capital, material, time or human effort to produce products and services with fewer defects to precise customer desires.”
The Lean Accounting Summit explores the role of accounting in measuring the lean initiative. The Summit aims to educate teams on how to better align accounting with operations within an organization. Burney enjoys the Summit because she says a mix of people attend, from practitioners who have hands-on experience with lean to other academics who are dedicated to integrating lean concepts into their own teaching and research.
“This experience has impacted my teaching through all I have learned during the summit, and ultimately enhanced my students’ education,” Burney said.