Impact of Using Value Stream as One of The Tools of Lean Accounting to Reduce Costs ( A Field Study of Ibn Majid Industrial Company )

The aim of the current research is to identify the concept of lean accounting, its objectives, principles, and steps in addition to the tools used and to determine the steps for applying lean accounting to reduce costs and create value for the customer and eliminate the shortcomings in traditional accounting through the use of the value stream, which is one of the tools for lean accounting. To achieve the objectives of the study, the researcher conducted his study on Ibn Majed Industrial Company, one of the public sector companies, by using a questionnaire form as well as observations and personal interviews. The study reached a set of conclusions as well as a number of recommendations, namely, the study sample company should think about switching to lean production and apply the value stream tool because of its direct impact on reducing costs and contributing to providing the necessary information for the decision-making process. It enhances the competitiveness of the company.