Lean Accounting and Productivity Measurement

Learn to Develop and Implement a Lean Accounting System to Support and Foster Lean Manufacturing
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  • Lectures 10
  • Length 1.5 hours
  • Skill Level All Levels
  • Languages English
  • Includes Lifetime access
    30 day money back guarantee!
    Available on iOS and Android
    Certificate of Completion
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About This Course

Published 12/2015 English

Course Description

A strong reason Lean Accounting gained prominence is because traditional accounting systems were essentially backwards looking, and are not able to reflect accurately the improvements through Lean. The point to remember is that lean accounting is undoubtedly a major improvement over the status quo, but must still not be used to control the financial performance of the firm. Even though lean accounting will provide you with much better information, it is important to understand that the financial performance is an emergent outcome of the relationships among the organization’s parts. Managers should not use financial targets to control financial results, instead, manage the relationships that produce these results.

Lean manufacturing is concerned with eliminating waste in manufacturing processes. Promised benefits included such outcomes as reduced lead times, improved quality, improved on-time deliveries, less inventory, less space, less human effort, lower costs, and increased profitability.

Lean accounting is a simplified approach to costing that supports lean manufacturing with both financial and non-financial measures. One key area that supports efficiency improvement is productivity measurement, which is concerned with the relationship between outputs and inputs. As waste decreases through lean manufacturing practices, productive efficiency should increase.

By completing this course, you'll be armed with the valuable and practical skills you need to create, develop, implement, maintain and sustain an effective Lean Accounting and Productivity Measurement system in order to improve your product/service costing accuracy, support decisions about pricing, improve the efficiency of processes and activities, and evaluate process improvement initiatives.

What are the requirements?

  • Basic Financial Vocabulary.
  • Computer and Internet.

What am I going to get from this course?

  • You will be able to make changes in both product-costing and operational control approaches when moving from the traditional accounting to a value-stream-based lean manufacturing system.
  • You will understand how to improve the quality, content, relevance, and timing of cost information for better planning, control, more accurate process costing and reporting, and improved effectiveness and efficiency of decision making.
  • You will learn how to develop and implement value stream costing and reporting, Box Scorecard performance measurement with real examples and calculations.
  • You will learn the methodology, how to develop and apply the two approaches of total productivity measurement – profile measurement and profit-linked productivity measurement.
  • You will understand the basics of a lean performance measurement system, the four basic measures of Lean, and the concept of Target Costing and Kaizen Costing.

What is the target audience?

  • The course is suitable for students and business professionals who want to get a basic understanding of Lean Accounting and to explore various strategies and best practices for developing and implementation of lean accounting and productivity measurement.

What you get with this course?

Not for you? No problem.
30 day money back guarantee.

Forever yours.
Lifetime access.

Learn on the go.
Desktop, iOS and Android.

Get rewarded.
Certificate of completion.

Curriculum

Section 1: Lean Accounting and Productivity Measurement
Course Introduction
Preview
03:54
Lean Manufacturing Basics
16:43
Lean Accounting - Part 1
Preview
10:37
Lean Accounting - Part 2
09:00
Productivity Measurement and Control
10:42
Total Productivity Measurement
10:52
Measuring Changes in Activity and Process Efficiency
08:22
Process Productivity Model
10:50
Performance Measures
13:49
Course Quiz
15 questions
Course Closure
01:21

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Instructor Biography

Operational Excellence Training, Top Experts in Industrial Management

About Us

Operational Excellence Training is a leading provider of high-quality courses and programs related to Industrial Management, Health and Safety at Work, Transportation, Supply Chain Operations, Manufacturing and Warehouse Management.

Our Expertise

Currently, our team includes 5 instructors with expertise in manufacturing, logistics, operations, and services. All the instructors are international-level experts, having 15+ years of practice and Master’s Degree in their relevant field.

Among other professional recognitions, our instructors are members of APICS (Association for Supply Chain and Operations Management), Certified Supply Chain Professionals (CSCP), Certified Lean Six Sigma Black Belts (Acuity Institute) and Certified in Sales and Operations Planning (S&OP Institute).

Our Mission

Our mission is simple: we aim to provide an interactive and engaging learning experience for professionals all around the globe and help them understand and adapt to the requirements of modern management.

The courses we create are structured in a step-by-step manner and contain up-to-date content and comprehensive resources that get our students to the next level.

Get in touch!

If you're one of our students and you want to ask us a question, you can always post a discussion item to one of our courses. We will be more than happy to answer your queries and respond to your needs.

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