Business Excellence Consortium
Lean Accounting
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| Details | |
| Milwaukee Metro Area | |
| Thurs, Oct 16 - Fri, Oct. 17, 8:30 a.m. - 4 p.m. | |
| Individual Price | |
| BEC Member: | $910 |
| Non-Member: | $1,280 |
| Organization Price | |
| BEC Member: | $3,500 per day ** |
| Non-Member: | $4,900 per day ** |
| ** Responsible for facilitator's expenses, including travel, lodging and food. | |
| Books & Materials | |
| Who's Counting? | $29 |
| Accounting for World Class Operations | $47 |
The BEC is offering a two-day session in Lean Accounting. The Lean Accounting 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.
Individuals who should attend Lean Accounting include accounting and operations employees.
BEC's Lean Accounting course content includes:
- Introduction to Lean as a strategy, Lean tools and the paradigm shift needed for Lean
- Review of Lean success stories and the case for change
- Hands-on simulation of a Lean factory and the impact of flow on the financials
- Primer on Lean analytical tools including Takt Time, Line Balancing, Standard Work and Cells
- Comparison of traditional accounting with Lean Accounting and Accounting for Lean
- Financial impact of a successful Lean conversion
- Lean budgeting and rolling forecasts
- Lean administration as it applies to human resources
- Organizational and cultural changes with Lean
- Impact of Lean on public company financials
- Lean accounting with accounts payable
- Road map to Lean including common mistakes made during a Lean accounting transformation
Upon completion of the BEC's Lean Accounting class, participants will:
- Understand the principles of Lean Accounting
- Learn the shortcomings of a traditional standard cost system
- Learn how accounting must partner with manufacturing to successfully implement Lean
- Understand how to forecast the financial impact of Lean on their firm's financial statements
- Know how to develop a game plan to implement Lean Accounting
World-renown Instructor
This course is taught by Jerrold Solomon, winner of the 2008 Shingo Research and Professional Publication Prize for his recently published book Accounting for World Class Operations. He is also the author of Who’s Counting?, which explains how accounting and manufacturing must develop a partnership to achieve world-class results.