The business enterprise has evolved dramatically over the past 100 years. Many business professionals claim that traditional accounting practices have not evolved and no longer support modern operations. This has most clearly been demonstrated in manufacturing, where manufacturers have moved from batch processing to single-piece flow processing, a result of applying “lean” principles perfected in the Toyota Production System. Lean operations have now taken root in most industries. Healthcare, service, construction, government, and countless other industries successfully apply lean concepts to eliminate waste and get more from fewer resources. So what are progressive finance and accounting professionals to do with the conflict between traditional accounting practices and modern lean operations at odds The notion of “lean accounting” seeks to address this problem.
Course ID: RNLA
Real Numbers Through Lean Accounting
- Learn how Jean Cunningham, former CFO of Lantech, became a change agent and aligned accounting with lean operations. You’ll learn about the financial impact that resulted as she shares lessons learned and provides practical recommendations to start your lean accounting journey.
- Apply lean principles perfected in the Toyota Production System to accounting operations
- Learn how to apply successful lean concepts
- Continuous improvement in accounting