Connecting Continuous Improvement to the Bottom Line with Lean Accounting – a 2.5 hour online workshop presented by the Gemba Academy

Lean is a multi-faceted business strategy, with a primary focus on employees and learning. Through continuous improvement activities, people learn how to eliminate waste, serve customers better and improve productivity. However, calculating the actual financial impact of continuous improvement activities is sometimes difficult because traditional financial analytical practices are not “lean-focused.” Connecting continuous improvement to the bottom line is often difficult. 

To solve this problem, a lean company must develop an effective and efficient management accounting function that complements its financial accounting system.  The system’s knowledge base must provide value to its users – managers who must measure & analyze lean operations and make quality decisions that align with their lean strategy. Effective decision making is predicated on understanding the true cause-effect relationships between continuous improvement and financial improvement. Lean management accounting focuses on making decisions about the future (this is critical because the focus of financial accounting is on past activity). 

In this interactive workshop, you will learn:

• The principles, practices and tools of a lean management accounting system.
• The economics of lean.
• The 6 possible ways continuous improvement can impact financial performance.
• How to build a value stream box score.
• How to connect continuous improvement to the bottom line through a series of Excel-based box score exercises which will require you to make some business decisions.
• How to plan a lean management accounting transformation.

This 2.5 hour workshop will consist of about one hour of training to be followed by 1.5 hours of exercises & discussions. You will be provided Excel workbooks with the exercise templates before the workshop. 

Who should attend:

• CEOs and Owners
• CFOs and Controllers
• COOs and lean leaders
• To get the most out of this workshop, teams of people from companies are encouraged to attend