Practicing Lean Accounting
If you want to learn how to build AND sustain lean accounting in your company, this is the book to read. Practicing Lean Accounting explains the true purpose of lean accounting, addresses popular misconceptions about lean accounting and will transform how lean accounting is understood, practiced and used in your company.
Drawing on real-world customer experiences, Nick and Mike take you step-by-step through the practices which must be put in place to drive a successful lean accounting transformation. Whatever lean accounting transformation stage you are in, you will find this book helpful.
Case studies in manufacturing, service, healthcare and non-profits clearly illustrate how lean accounting has been successfully applied in all types of companies and explain the roles company leaders, the accounting team and operational leaders play in making lean accounting successful.
Written in an easy-to-read style with a broad array of readers in mind, this book is perfect for accounting professionals and others who are interested in lean accounting:
- Business owners and executives
- Operational leaders and managers
- Lead leaders in companies
- Lean consultants
- CPAs in public accounting
The Lean CFO: Architect of the Lean Management System 1st Edition
This book is not about debits, credits, or accounting theory. Instead, it describes how a chief financial officer (CFO) becomes a Lean CFO by leading a company in developing and deploying a Lean management system. The finance team, business executives, and Lean leaders will all benefit from its forward-thinking improvement approach.
Practical Lean Accounting: A Proven System for Measuring and Managing the Lean Enterprise, Second Edition
The methods and concepts presented in the bestselling first edition revolutionized the approach to the management and control of Lean companies. Enhanced with extensive end-of-chapter exercises and a CD-ROM with Lean accounting tools, the second edition of this preeminent practitioner’s guide is now suitable for classroom use.
Practical Lean Accounting: A Proven System for Measuring and Managing the Lean Enterprise, Second Edition explains exactly what it takes to transform a traditional accounting system to one that supports and enhances a company’s Lean efforts. Defining the fundamental principles of Lean accounting, it demonstrates how to use them to identify and eliminate wasteful transactions. The book includes coverage of cell performance measurement, use of the box score, operational and financial planning, cost targeting, Lean accounting diagnostics, and value stream mapping. Retaining the easy-to-use format that made the first edition a bestseller, this updated edition includes:
- A new section on the use of value stream performance measurements in continuous improvement
- A re-written Target Costing chapter that emphasizes a value-based approach to the management of the Lean value system
- A Lean Accounting Diagnostic tool to help you assess progress and develop a plan for implementing changes
- Cutting-edge examples that illustrate implementation in accounting departments
- A CD with data from the ECI Value Stream Cost Analysis case study included in the text, Excel templates, and end-of-chapter questions with solutions
Leveraging Lean with Lean Quoting
Have you implemented lean within the four walls of your facility and you are wondering “Why don’t the results show up on the P&L statement?” This is a common question within companies early in their lean journey.
You may have realized some minor cost improvements but you are not seeing the large-scale profit improvements. There is a simple reason for that. Your quoting process is keeping you from using that freed up capacity to GROW the business systematically and strategically. The true benefit to the P&L of lean is to allow you to sell more with the same manpower and equipment. This book gives you a clear roadmap to dynamically changing how you quote new business to use that freed up capacity.
Written in a lean A3 methodology, the book discusses the problem, shows how to change your thinking, and details a new process that speeds up your quoting flow time and frees up valuable manpower that can be strategically utilized to grow sales profitably.