Extent of Availability of Prerequisites for The Applicationof Lean Accounting in Industrial Companies

This research aims to specify the scientific procedures for applying lean accounting in Iraqi companies. The community of the re-‎research is made up of industrial companies in Diyala Governorate, and the Diyala General Electrical Industries Company, which was chosen ‎as a sample for this research. The most crucial results of this paper include: The traditional accounting system is appropriate to be use with ‎large-scale production. Therefore, if the economic unit desires to shift into using a lean production system, it must apply lean accounting. It ‎will create value for the customer, reduce loss, and manage the flow of the value. The application of lean accounting tools results in ‎the ability to reduce costs and quantity of inventory, increase quality, and the customer’s increased response in achieving their satisfaction. ‎Foremost among the key recommendations are: working on applying lean accounting tools due to the fact that they provide information for ‎making decisions and preparing reports clearly, as well as easily and in a timely manner‎.