Lean Accounting Issues and Challenges

Designed for CFOs, Controllers, CPAs, Internal Auditors, Management Accountants

One Day Program -- 8 CPE Credits

Description

Unlock the secrets for measuring and sustaining lean manufacturing and lean thinking! Explore new ideas for reducing waste and improving cycle times from the factory floor to the office. More specifically, learn how to adapt traditional accounting and cost management to take advantage of lean thinking. Maximize the 20 percent of lean opportunities that yield 80 percent improvement on the bottom line. Use real-time closing to increase the speed of producing financial information and overcome lean roadblocks created by overhead burden rates and standard cost systems. Find out how to apply a new reporting model that builds -- and sustains -- the momentum of lean programs.

Objectives Learn the techniques needed to adapt traditional accounting concepts and measurements to effectively manage lean manufacturing and leaning thinking programs Develop the understanding required to overcome the "cost world" thinking that limits the potential earnings and cash flow benefits provided by lean thinking in today's competitive global business environment

Agenda Lost relevance of traditional accounting Lean thinking for accountants The lean assessment Creating and measuring lean savings Bridging the GAAP to lean accounting Lean costing and pricing -- target costing Throughput value propositions Value stream mapping Building and sustaining lean momentum