Lean Accounting and Productivity Measurement

Learn how to develop and implement a lean accounting system to support and foster lean manufacturing.

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.

Content and Overview:

This course contains 10 lectures, over 1.5 hours of content, and a quiz containing 15 questions. 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.

The content areas include:

• Lean Manufacturing Basics
• Lean Accounting
• Productivity Measurement and Control
• Total Productivity Measurement
• Measuring Changes in Activity and Process Efficiency
• Process Productivity Model
• Performance Measures

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?

• Over 10 lectures and 1.5 hours of content!
• 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.

Curriculum
Section 1: Lean Accounting and Productivity Measurement
Lecture 1 Course Introduction 03:54
Lecture 2 Lean Manufacturing Basics 16:43
Lecture 3 Lean Accounting - Part 1 10:37
Lecture 4 Lean Accounting - Part 2 09:00
Lecture 5 Productivity Measurement and Control 10:42
Lecture 6 Total Productivity Measurement 10:52
Lecture 7 Measuring Changes in Activity and Process Efficiency 08:22
Lecture 8 Process Productivity Model 10:50
Lecture 9 Performance Measures 13:49
Quiz 1 Course Quiz 15 questions
Lecture 10 Course Closure 01:21







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