iSixSigma

The Lean Accountant’s Toolkit—Performance Measurement and Reporting

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Mar 04 - Mar 04
Online

Lean Manufacturing concepts have been credited with dramatic improvements in business operations across industries. With its emphasis on eliminating waste in all processes, implementing a lean approach typically results in improved on-time deliveries, less inventory and increased profitability. Many organizations have found that Toolkit—Performance Measurement and Reporting (LEAN4) 4-Hour Program (Great industry course) WHY ATTEND THIS COURSE? Lean Manufacturing concepts have been credited with dramatic improvements in business operations across industries. With its emphasis on eliminating waste in all processes, implementing a lean approach typically results in improved on-time deliveries, less inventory and increased profitability. Many organizations have found that implementing lean concepts provides their organization with a competitive advantage. Lean Accounting is a simplified approach to costing that supports lean operations with both financial and nonfinancial measures. This course will introduce participants to current best practices in accounting for a lean organization.

Objectives:
Participants will be able to: • Understand how lean concepts can be applied to manufacturing and service industries, • Identify how traditional cost accounting can be modified to support a lean enterprise

Major Subjects:
• Introduction to lean, • Why traditional cost accounting doesn’t support a lean organization, • Value stream costing, • Productivity measurement and reporting, • Lean financial reporting