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Overview
Ideal Attendees
Key Learning
Payoff
Measure Improvement
Agenda
Schedule
Pricing and Prerequisites
Terms and Conditions
A two-day workshop for finance teams and senior management on the critical need to align accounting practices with your lean journey - and restore clarity to financial reporting.
Business teams that include:
**Your experience will be most effective if your company sends a team including a mix of the above.**
In this workshop, you and your team members will:
Standard accounting measures can slow down or block dramatic Lean improvement. Lean Management Accounting offers alternatives and solutions that will put your accounting on track with your Lean journey.
|
Measure |
Behavior |
Results |
|
Purchase-price variance |
Negotiate price based on quantity discounts |
Excess inventory & costs; best supplier may be overlooked |
|
Machine utilization |
Machines run excess product to maximize utilization ratio |
Excess inventory; wrong inventory |
|
Set-up time built into standard cost |
Encourages high run quantities |
Excess inventory |
|
Scrap factors built into standard cost |
No action if no variance |
Inflated standard; scrap allowed to exist |
|
Standard cost overhead assumption |
Overproduce to avoid unfavorable variance |
Excess inventory; wrong inventory |
|
Direct/indirect labor ratio |
Encourages inaccurate labor reporting |
Total costs not in control; lack of integrity |
If you would like to speak with someone about this program before registering, please contact us at +44 (0)1623 758298.
There are no dates scheduled at this time.
There are no prerequisites to attend this class.
You will be invoiced for event fees which are due in full prior to the start of each workshop. Event fees include workshop materials, lunch and refreshments. Please see event descriptions for any prerequisite requirements prior to registration.
Cancellation Policy
Any cancellation must be received in writing. Cancellations received within 15-21 business days of the event will be subject to a 50% cancellation fee. Cancellations received within 0-14 business days of the event will be subject to a 100% cancellation fee.
Transfers and Substitutions
Substitutions are allowed at any time. Transfers to another date will only be accommodated one time.
TBM is committed to fulfilling the schedule as presented, however TBM reserves the right to cancel any courses where sufficient registration levels have not been met.
Unconditional Guarantee
If, for any reason, you are not satisfied with this workshop, we will refund 100% of your fee.
“ Traditional standard cost absorption accounting systems lead people in the opposite direction of where Lean management intends to go.”