BMA hosts a monthly Lean Accounting Community Chat, which is a place for anyone interested in lean accounting to gather to discuss what’s on their mind, ask questions, learn, share and most of all to make friends and connections with others. This is a free event, but you must register (once) to receive the Zoom […]
In lean companies, it’s essential that the CFO become a Lean CFO early in the lean management accounting transformation process because you must be the leader. In smaller companies you may be actively involved in transformation activities. In larger companies, you probably will delegate the detail work to others in accounting, but ultimately you are leading them. In […]
BMA hosts a monthly Lean Accounting Community Chat, which is a place for anyone interested in lean accounting to gather to discuss what’s on their mind, ask questions, learn, share and most of all to make friends and connections with others. This is a free event, but you must register (once) to receive the Zoom […]
Lean is a long-term business strategy, primarily focusing on employees and learning. Through various continuous improvement practices, employees learn to master their work, solve the right problems and help an organization learn how to do things tomorrow it cannot do today.The operational impact of continuous improvement is well known. Eliminating waste creates capacity, which can […]
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 […]
