Practical Lean Accounting: A Proven System for Measuring and Managing the Lean Enterprise, Second Edition
- 7h 5m
- Brian Maskell, Bruce Baggaley, Larry Grasso
- CRC Press
- 2012
The methods and concepts presented in the bestselling first edition revolutionized the approach to the management and control of Lean companies.
Practical Lean Accounting: A Proven System for Measuring and Managing the Lean Enterprise, Second Edition explains exactly what it takes to transform a traditional accounting system to one that supports and enhances a company’s Lean efforts. Defining the fundamental principles of Lean accounting, it demonstrates how to use them to identify and eliminate wasteful transactions. The book includes coverage of cell performance measurement, use of the box score, operational and financial planning, cost targeting, Lean accounting diagnostics, and value stream mapping. Retaining the easy-to-use format that made the first edition a bestseller, this updated edition includes:
- A new section on the use of value stream performance measurements in continuous improvement
- A re-written Target Costing chapter that emphasizes a value-based approach to the management of the Lean value system
- A Lean Accounting Diagnostic tool to help you assess progress and develop a plan for implementing changes
- Cutting-edge examples that illustrate implementation in accounting departments
The book contains a wealth of tools that makes it ideal for company training sessions and advanced undergraduate and graduate-level courses. For each major example provided, two similar problems are included—one for instructors to guide students through and a second for students to work through on their own. An additional set of problems and questions for testing purposes are also available to instructors on the authors’ website.
In this Book
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Introduction
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Why is Lean Accounting Important?
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Maturity Path to Lean Accounting
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Cell Performance Measurements
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Financial Benefits of Lean Manufacturing
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Eliminating Wasteful Transactions
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Lean Financial Accounting
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Managing by Value Stream
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Value Stream Performance Measurements
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Value Stream Costing
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Using the Box Score
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Calculating Product Costs— Features and Characteristics
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Eliminating More Wasteful Transactions
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Sales, Operational, and Financial Planning (SOFP)
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Lean Financial Accounting II
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The Lean Enterprise
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Target Costing
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Expanding Value Streams outside Our Four Walls
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The Lean Accounting Diagnostic
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Performance Measurement Linkage Chart
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Transaction Elimination Maturity Path Table
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Value Stream Cost Analysis
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Value Stream Mapping
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Endnotes
