The Lean CFO: Lean Companies Must Ditch Standard Cost Accounting



APQC, in collaboration with Nick Katko, author of The Lean CFO: Architect of the Lean Management System, conducted a webinar on revising accounting practices for a Lean organization. Katko uses his experience to assist in Lean accounting implementation, involving such things as removing traditional cost-based performance measurements in favor of Lean performance measurement systems, or migrating from a traditional income-based P&L into a value stream costing income statement, creating a transaction elimination maturity path and working with management to create a new performance management decision model.

This article is a question-and-answer summary of the webinar given by Katko on Lean implementation in finance.

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