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OPTIONAL PRE-CONFERENCE WORKSHOP
Lean Accounting 101
BMA, Inc.

Session Description:

This is an introductory course. Its aim is to present an overview of the reasons why lean accounting is important and the new methods that lean manufacturers are using to bring their measurement and accounting processes into line with lean thinking.

The following is an outline of the workshop:

Why is Lean Accounting Important?

  • Explain the problems of traditional accounting, control, and measurement systems, and show why Lean Accounting is required.

What is Lean Accounting?

  • Explain the methods of Lean Accounting and how each works in a lean company
  • Value streams
  • Lean performance measurements (at every level)
  • Value stream costing
  • Decision-making
  • Box Score reporting
  • Financial benefits of lean improvement
  • Sales, Operations, & Financial Planning
  • Capital equipment decisions
  • Target Costing

Implementing Lean Accounting

Explain the maturity path approach to implementation

Specific Learning Objectives

Upon completion of this workshop, participants will be able to:

  • Gauge the extent to which the problems with traditional accounting are a problem in their own companies
  • Learn the BMA, Inc. "Starter Set" of performance measures
  • Understand how value stream costing simplify the development of costing information
  • Learn how to develop a plan for eliminating operating and accounting transactions as lean manufacturing is implemented

Duration:
Full day: 8:00 a.m. - 5:00 p.m.

Who should attend: 
Those new to the principles and practices of lean accounting.

Fee:
$645

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