Description
Book SynopsisThe methods and concepts presented in the bestselling first edition revolutionized the approach to the management and control of Lean companies. Enhanced with extensive end-of-chapter exercises and downloadable resources with Lean accounting tools, the second edition of this preeminent practitioner's guide is now suitable for classroom use.
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
Trade Review
Praise for the New Edition:
… a no nonsense approach to bringing continuous improvement to areas of the company not normally involved in the typical Lean implementation. Following the authors' guidelines has allowed us to create an entirely new way of looking at our company’s performance and has exposed many more opportunities for improvement that we never knew existed.—Roy St. Andre, Executive Vice President, EIS Wire & Cable Co.
Practical Lean Accounting is a fantastic book, and the new edition is even better. This book makes a huge contribution towards understanding how to measure and manage a Lean enterprise. The addition of many new case studies and examples after each chapter, and more tools and practical information on the accompanying CD, makes the second edition worth buying again, even if you already have the first edition. Last, but not least, the book is even better suited for use in university accounting courses and in corporate Lean accounting training programs. … destined to have a big, positive impact on supporting organizations on their path to Lean management.—Professor Bob Emiliani, Central Connecticut State University
Praise for the Bestselling First Edition:
... focuses on the key principle of Lean thinking, which is creating value for the customer. This focus highlights the need to measure financial progress from a perspective of relevant business issues and real cost instead of traditional standard cost methods. This is a much needed practitioner's book for the manufacturing industry.—J.T. Battenberg III, Chairman, CEO and President, Delphi Corporation, June 2004
... provides a very comprehensive and straightforward approach to this most difficult topic. A must read for the serious Lean practitioner.—Mark DeLuzio, President, Lean Horizons Consulting LLC, June 2004
... a highly readable and uncomplicated guide for financial and other managers of Lean companies and will no doubt become an invaluable reference for years to come.—Fred Garbinski, Parker Hannifin Corporation, June 2004
Table of ContentsWhy Is Lean Accounting Important? Maturity Path to Lean Accounting. Cell Performance Measurements. Financial Benefits of Lean Manufacturing. Lean Financial Accounting. Managing by Value Stream. Value Stream Performance Measurements. Value Stream Costing. Using the Box Score. Calculating Product Costs—Features and Characteristics. Eliminating More Wasteful Transactions. Lean Financial Accounting II. The Lean Enterprise. Target Costing. Expanding Value Streams Outside Our Four Walls. The Lean Accounting Diagnostic. Performance Measurement Linkage Chart. Transaction Elimination Maturity Path Table. Value Stream Cost Analysis. Value Stream Mapping.
