Lean Management Accounting

Overview
Ideal Attendees
Key Learning
Payoff
Measure Improvement
Agenda
CPE Credits
Schedule
Pricing and Prerequisites
Terms and Conditions

 

Overview

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.

 

Ideal Attendees

Business teams that include:

  • CFOs, Controllers, Plant Accountants and Corporate Accountants Lean Leaders COOs, General Managers and Plant Managers
  • Chief Financial Officer/Vice President of Finance
  • Controllers and Finance/Accounting managers
  • Vice President of Operations

**Your experience will be most effective if your company sends a team including a mix of the above.**

 

Key Learning

In this workshop, you and your team members will:

  • Describe the key elements of lean accounting
  • Understand the changed role of accounting in a lean organization
  • Describe the risks of standard cost systems to a lean transformation
  • Describe lean financial statements that do not violate GAAP
  • Understand the principles of a Lean Measurement System
  • Define steps to launch a lean accounting initiative
  • Recommend initial processes to launch kaizen for accounting operations
  • Participate in a simulation highlighting the impact of
    one-piece flow on financial statements

 

The Long-Term Payoff

  • Financial statements in plain English - available at the end of the month, not weeks later
  • Clear, accurate pictures of lean improvement and overall business performance
  • Information that can be easily understood and acted on by business managers with no accounting background
  • Faster, simpler and more customer-focused accounting processes
  • Finance teams that efficiently support the growing lean business as full partners in lean change

How Do You Measure Improvement?

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

 

2 Day Agenda

  • Introductions & Expectations
  • General Lean Overview
  • Simulation
  • Obstacles for Lean Accounting
  • Cost Management
  • Costing & Absorption Accounting
  • Accounting Processes
  • Performance Measures
  • Investment Management
  • Roadmap to Get Started

Continuing Professional Education Credit (CPE)

Certified Public Accountants earn 16.5 CPE credits by taking this course.

TBM Consulting Group is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Nashville, TN 37219-2417. Telephone: (615) 880-4200. Web site: www.nasba.org.

Schedule

If you would like to speak with someone about this program before registering, please contact Donna Hopkins at 44.1332.367378.

There are no dates scheduled at this time.

Pricing and Prerequisites

£800 per person
£700 for groups of three or more

There are no prerequisites to attend this class.

Terms and Conditions

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.