Practical Lean Accounting: A Proven System for Measuring and Managing the Lean Enterprise

As companies move ahead with the implementation of lean production, financial functions often lag behind. When this happens, not only do they fail to actively support the effort, but they can actually hinder it. In Practical Lean Accounting: A Proven System for Measuring and Managing the Lean Enterprise, authors Brian Maskell and Bruce Baggaley present a step-by-step method for transforming a manufacturing company’s financial functions to support lean manufacturing. This step-by-step method transforms the accounting system to follow the company’s pathway through lean implementation covering what needs to be done at each stage to support lean. A case study runs throughout the text illustrating the lean accounting transformation within the context of the whole lean enterprise. A CD-ROM is included containing a comprehensive lean accounting diagnostic, detailed forms, and diagrams supporting the transformation to lean accounting. Practical Lean Accounting is a valuable tool for CFOs, controllers, accounting staff, and general managers that use key financial information to control their processes and support lean implementation.

Table of Contents

Preface
Acknowledgments
Introduction
Ch. 1 Why is Lean Accounting Important? 1
Ch. 2 Maturity Path to Lean Accounting 13
Ch. 3 Cell Performance Measurements 25
Ch. 4 Financial Benefits of Lean Manufacturing 51
Ch. 5 Eliminating Financial Transactions 77
Ch. 6 Lean Financial Accounting 87
Ch. 7 Managing by Value Stream 95
Ch. 8 Value Stream Performance Measurements 113
Ch. 9 Value Stream Costing 133
Ch. 10 Using the Box Score 147
Ch. 11 Calculating Product Costs - Features and Characteristics 155
Ch. 12 Eliminating More Wasteful Transactions 169
Ch. 13 Sales, Operational, and Financial Planning 181
Ch. 14 Lean Financial Accounting II 215
Ch. 15 The Lean Enterprise 231
Ch. 16 Target Costing 241
Ch. 17 Expanding Value Streams Outside Our Four Walls 271
Ch. 18 The Lean Accounting Diagnostic 283
Ch. 19 Performance Measurement Linkage Chart 291
Ch. 20 Transaction Elimination Maturity Path Table 305
Ch. 21 Value Stream Cost Analysis 315
Ch. 22 Value Stream Mapping 341
Index 347

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