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 […]
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 […]
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 […]
BMA’s December Webinar - Connecting Continuous Improvement to the Bottom Line In partnership with KPI Fire (www.kpifire.com) join Nick Katko of BMA on December 19, 2023, at 11:00 am Eastern […]
“Time is money” is an expression we’ve all heard or used many times. It means “don’t squander or waste time because it’s a valuable resource that needs to be spent […]
A value stream income statement is an essential analytical financial management tool for a lean organization. It presents revenue and expenses in a usable, easy to understand format for internal […]
In this webinar, Nick Katko will share BMA’s proven process for a successful lean management accounting transformation, which can be used by any lean company in any industry. In this […]
