Class Central is learner-supported. When you buy through links on our site, we may earn an affiliate commission.

Provider Logo

Lean Accounting Foundations

via LinkedIn Learning

Overview

Learn the basics of lean accounting. Find out how to help your organization maximize capacity and improve the bottom line by tracking and reporting key metrics.

Lean practices have long helped manufacturers eliminate waste, boost inventory turnover rates, and add customer value. Now, other industries are adopting lean thinking to maximize capacity and improve their bottom line. When this happens, standard cost-accounting principles no longer apply; accountants must embrace lean accounting. In this course, you can explore the basics of lean accounting, including the pivotal role that accountants play in helping their organizations analyze performance. Management consultant and instructor Joshua Rischin introduces best practices he's learned in over 20 years helping businesses rise to meet current goals and emerging challenges. Learn the key metrics to survey, including resource capacity and financial performance. Find out how to build a box score system for reporting and discover how to present your findings to stakeholders. Finally, explore how to embed lean accounting in your organization and make it a sustainable, long-term endeavor.

Syllabus

Introduction
  • Benefits of lean accounting
1. Understanding Lean Accounting
  • Understanding lean thinking
  • How lean accounting aligns with accounting standards
2. Preparing for Lean Accounting
  • Understanding value streams
  • Performance indicators
  • Resource capacity
  • Financial performance
3. Lean Accounting in Practice
  • Understanding the box score system
  • Design a box score
  • Build a box score
  • Interpreting results
  • Working with stakeholders
4. Embedding Lean Accounting in Your Organization
  • Building lean accounting capability
  • Living and breathing lean accounting

Taught by

Joshua Rischin

Related Courses

Reviews

0.0 rating, based on 0 reviews

Start your review of Lean Accounting Foundations

Never stop learning Never Stop Learning!

Get personalized course recommendations, track subjects and courses with reminders, and more.

Sign up for free