Webinar: Practicing Lean Financial Management in Lean Accounting

The primary challenge in lean financial management is changing thinking habits of decision-makers. This is because of the fixed mindset decision-makers, and companies, have developed with existing financial management practices. The analytical practices have worked in the past, so why shouldn’t they also work in a lean company? The information that has been used for many years has helped them make decisions, so why does it have to change? The adage “old habits are hard to break” rings true in lean financial management.

Changing thinking habits to create a lean financial management system requires new numbers from the management accounting system that are aligned with lean thinking, and new analytical practice routines to learn how to use the numbers so the quality of decision-making improves. Accounting, as the steward of the management accounting system leads this effort by providing coaching to decision-makers to learn new habits, as well as the improved information to support them. 

In this webinar you will learn:

• The useful and understandable information for users in lean companies 
• The benefits of Plain-English financial statements for users
• Developing standard work for lean decision-making 

Join Mike DeLuca and Nick Katko of BMA on November 10, 2021 at 11:00 am Eastern US time for this free webinar, which will last one hour. 

Don’t worry if you cannot attend the webinar live because of other commitments or the time of the live webinar is not good for you. This webinar will be recorded and will be made available to everyone who has registered. We will send everyone who registered an e-mail link to listen to the recorded webinar. 

If you have any questions about this webinar, please contact Nick at nkatko@maskell.com.

Who Should Attend: Finance and accounting leaders, managers and team members, operations and functional leaders, and executives and owners of lean organizations.

Continuing Education Credits for CPAs: 1 hour of CPE credit (must attend live webinar)

Field of Study: Specialized Knowledge

Advanced Preparation: None

Program Level: Basic

Delivery Method: Group Internet

CPE Credits Earned: 1