ABSTRACT
LIFTS is a new accounting model thought out, modelled and created by a research centre, but above all the proposal of a business transformation project. The aim of this chapter is therefore to present the theoretical steps involved in setting up and monitoring this transformation project, as well as the more detailed steps involved in implementing LIFTS accounting. A number of practical tips are also included. This chapter is organised into four parts, each of which provides an overview of what is involved in initiating and managing the LIFTS project within an organisation over the long term: a first stage of defining the objectives and scope for applying the LIFTS model; a second stage of data collection and integration; and finally a third stage of producing summary reports and reflecting on this transformative project for the entity concerned and its stakeholders.
