The Lean CFO: Lean Companies Must Ditch Standard Cost Accounting

 

Details

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.

Comments (0)

The content of this field is kept private and will not be shown publicly.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd> <i> <b> <u> <p>
  • Lines and paragraphs break automatically.

More information about formatting options