Accounting in the Lean Enterprise

by Gloria McVay; Frances Kennedy; Rosemary Fullerton

• ISBN13: 9781420088595
• ISBN10: 1420088599
• Format: Nonspecific Binding
• Copyright: 2017-07-27
• Publisher: Taylor & Francis

Summary

Despite the obvious need for transparency, a company's lean results can continue to hide behind the mask of traditional accounting and dilute the benefits of a lean implementation. When your organization opts to go lean, its accountants must be empowered with lean tools in service of the lean mission. This step-by-step workbook demonstrates how to develop information and financial reports that serve the needs of lean-minded businesses. It includes checklists, guidelines, exercises, case studies, and company stories. It demonstrates alternative methods of reporting, offers special sections on healthcare and service industries, and includes a step-by-step guide for transitioning to lean accounting methods.Finally, the workbook directly confronts the fears that are often the source of accountants' resistance to change. These stumbling blocks include inventory management and valuation, SOX issues, GAP compliance, and loss of control and benchmarks. Each fear is identified and resolved in an inset 'Fear Box' as the related topic is discussed. By the end of the workbook, the issues surrounding these typical fears should be understood, , and dispelled resolved.