The concept of lean accounting and its applicability in Just-In-Time transactions in Niger Mills Plc and Unicem Plc. Calabar, Cross River State

The study examined the concept of Lean Accounting and its Applicability on Just-In-Time Transactions in Niger Mills Plc. and Unicem Plc. Calabar, Cross River State, Nigeria. Specifically the study was to determine, whether the use of Lean Accounting and Just-In-Time Transactions, reduce cost and enhance productivity and profitability of companies. The survey research design was used, while questionnaires, for primary data collections. Secondary data comprising companies’ financial statements and literatures from previous contributors were equally employed. The Pearson Correlation Coefficient, Student t-test and the OLS were applied for data analysis. It was discovered that, Lean Accounting and Just-In-Time Transaction reduce cost of production and enhance productivity; though most companies in Cross Rivers State are yet to apply them. It was therefore recommended that companies should be encouraged to gear uptowards this world acclaimed accounting tools that reduce cost and enhance productivity and profitability.