Learning Events

Accounting in a Lean Environment

What You Can Expect From This Seminar

This seminar is not an academic exercise: it gives you the logic and principles behind a proven lean accounting model that clearly show the positive results of lean- based on the successful lean accounting transformation performed by Wiremold Company beginning in 1991.

Wiremold has proven that lean principles affect not just manufacturing operations, but all aspects of a business- sales and marketing, engineering, product development- even accounting. If you’ve been successful using lean principles to move from batch and queue to flow, you’re likely running into trouble with your company’s accounting system.

Traditional management accounting systems involving standard cost, overhead absorption, and variance analysis and create significant false-negative reporting distortions that can impede further progress in a lean business. To sustain lean, financial managers must be willing to transform their company’s routine accounting practices to a new system that supports lean practices. Create a model that you can use for your own company’s conversion to lean accounting.

-Orest Fuime, Seminar Leader

Seminar Content

Introduction to lean accounting
-Lean business transformation
-Traditional management accounting doesn’t
support Lean
-Lean accounting requirements
Common obstacles
-To lean
-To lean implementation
-To lean accounting
Internal
Dealing with auditors
Dimensions of lean accounting
-Manufacturing practices
-Performance measurement
-Accounting practices
-Investment management
Manufacturing practices
-Batch to flow
-Push to pull

Performance measurement
-Key success factors
-Attributes of a lean performance measurement system
Accounting practices
-Accounting processes
-Cost management
-Cost planning
-Cost control
-Cost accounting
-Financial control
-Financial statements
-P&L statement
-Inventory accounting
-Budgeting
Investment management
-More than just a CapEx plan

Who Should Attend

Presidents, Vice Presidents of Finance, Marketing, Human Resources, Information Technology, Operations, Lean Champions and Managers, Cost Accounting, Operations, IT Manufacturing.

How to Get the Most from this Seminar

Bring ideas from your company for evaluation and discussion. Come with an open mind and with the team that can make it happen.

About the seminar leader:

Orest Fiume is the retired vice president of finance and administration and the director of The Wiremold Company, known internationally as a leader in implementing lean business management. Fiume, who led Wiremold’s conversion to lean accounting as the company adopted lean business management in 1991, also installed lean accounting at Wiremold’s 20-plus business acquisitions. Wiremold is noted in the book Lean Thinking (Womack and Jones) for its extraordinary success in lean implementation.

Select Date & Location:

Price: $695.00

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