The Role of Lean Accounting in Supporting Cost Leadership Strategy: A Field Study at the Arabian Gulf Oil Company (AGOCO)

Abstract

This study aimed to highlight the role of lean accounting as a modern managerial and accounting approach that contributes to cost control and the reduction of resource waste, thereby supporting the organization’s ability to strengthen its cost leadership strategy. To achieve this objective, the study adopted the descriptive analytical approach and relied on a questionnaire designed around axes consistent with the subject and objectives of the study. The questionnaire was administered to a random sample of 100 managers, heads of departments, and administrative units at Arabian Gulf Oil Company. The study concluded that lean accounting practices have a tangible Impact on supporting the cost leadership strategy at Arabian Gulf Oil Company.