Standard costing systems were designed for mass production manufacturing. In a lean company, using the information from standard costing systems to leads to non-lean behavior, poor decisions and:  If you are in the accounting department in a lean company, and your company uses a standard costing system, it is inevitable that you will be faced […]

Standard costing systems were designed for mass production manufacturing. In a lean company, using the information from standard costing systems to leads to non-lean behavior, poor decisions and:  If you are in the accounting department in a lean company, and your company uses a standard costing system, it is inevitable that you will be faced […]

Please join me for The Lean CFO – 2nd Edition online book launch event on February 10, 2023, from 1:00 – 2:00 pm EST. As I was writing Practicing Lean Accounting I often referred back to the first edition of The Lean CFO. What I recognized when I re-read it is that how I think about, teach and […]

Standard costing systems were designed for mass production manufacturing. In a lean company, using the information from standard costing systems to leads to non-lean behavior, poor decisions and:  If you are in the accounting department in a lean company, and your company uses a standard costing system, it is inevitable that you will be faced […]

Taiichi Ohno said “Costs do not exist to be calculated. Costs exist to be reduced.” A little known benefit of lean thinking is it will reduce costs over time, but not by using traditional cost-cutting methods. For lean to reduce costs over time, the proper combination of lean practices, measurements and cost analyses must be […]

Lean performance measurements are an essential tool in a lean company to measure performance, identify process problems & issues and measure the impact of continuous improvement. In order to achieve these objectives, the actual calculation of lean performance measures must be relevant to the process being measured and also easy to calculate. In this webinar […]

It is essential for a lean company’s management accounting system to be transformed into a leanmanagement accounting system in order to provide managers with relevant and reliable information to make better business decisions.  In this webinar you will learn: Join Nick Katko of BMA on September 13, 2023, at 11:00 am Eastern US time for this […]

One outcome of lean is a reduction in inventory, and this creates a unique opportunity for accounting to simplify the inventory valuation process while maintaining compliance with Generally Accepted Accounting Principles (GAAP).  In this webinar you will learn: Join Nick Katko of BMA on October 11, 2023, at 11:00 am Eastern US time for this […]

Using lean to create a continuous improvement system for accounting is different than in lean manufacturing. The basic lean tools and practices are relevant for accounting, but the starting points and sequence in which they are used to unlock the benefits are very different.  In this webinar you will learn: Join Nick Katko of BMA […]