LEAN ACCOUNTING
The course will give participants an understanding of how traditional accounting methods often support the creation of manufacturing and business waste that is targeted for elimination during a Lean implementation. Participants will learn how accounting and manufacturing can "team up" to insure a successful Lean implementation
PROGRAM OUTLINE
- A hands-on simulation of a Lean factory and the impact of flow on accounting practices
- Preparation guidelines and tips for a Lean accounting implementation
- A financial statement simulation of the Lean journey and common mistakes made during a Lean accounting transformation
UPON COMPLETION, PARTICIPANTS WILL UNDERSTAND:
- The principles of Lean Accounting and how to forecast the financial impact of Lean on your firm’s financial statements
- Learn the shortcomings of a traditional standard cost system
- How accounting must partner with manufacturing to successfully implement
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