Accounting in the lean enterprise : providing simple, practical, and decision-relevant information /: providing simple, practical, and decision-relevant information. (©2013)

• Record Type: Book
• Further Information: Note: Gloria McVay, Frances Kennedy, Rosemary Fullerton.
• Other Names: McVay, Gloria; Kennedy, Frances A; Fullerton, Rosemary
• Contents: THE FUNDAMENTALS OF LEAN AS A COMPETITIVE STRATEGY Principles of Strategic Lean Thinking; Brief History of Lean Production; Lean Thinking; Lean Implementation and Management; Lean Results; Discussion Questions; References; ; Value Stream Management; Introduction to Value Stream Management; Defining Your Value Streams; Problem Solving in Value Streams; Value Stream Performance Measures; Summary; Discussion Questions; References; ; THE NUTS AND BOLTS OF LEAN ACCOUNTING; ; Principles of Lean Accounting; Accounting as Part of a Total Lean Business Strategy; Lean Accounting vs. Accounting for Lean; Traditional Cost Accounting in Lean Environments; Lean Accounting Principles; Value Streams; Flow and Pull; Customer Value; Employee Empowerment; Continuous Improvement; Changing the Internal Accounting Reporting System; Challenges to Implementing a Lean Accounting System; Discussion Questions; References; ; Value Stream Costing; The Motivation; The Costing Plan; Step 1: Identify Value Stream Resources; Step 2: Design the Value Stream Statement Format; Value Stream Statement Overview; Value Stream Revenue; Value Stream Costs; Material Cost; Conversion Costs; Facilities Cost; Step 3: Standardize Collection of Weekly Data; Step 4: Compile the Value Stream Statements; Step 5: Select the Reporting Mechanism; Step 6: Test It!; Step 7: Roll Up to Facility Statement; Step 8: Obtain Feedback from All Statement Users; Summary; Discussion Questions; ; Inventory Management; Inventory Valuation under a Traditional Standard Costing System; Inventory Valuation Using Lean Accounting Methods; Transitioning to an Accounting for Lean System; Monitoring of Inventory Levels; Summary; Appendix 5B: A Primer on Backflush Costing; Discussion Questions; References; ; Capacity Management; Capacity Management—An Overview; Reporting Capacity Measures; Determining the Box Score Capacity Measures; Step 1: Collect Monthly Data by Cell for the Capacity Spreadsheet; Step 2: Calculate Productive, Nonproductive, and Available Capacity; Step 3: Determine the Bottleneck Cell; Step 4: Transfer Capacity Measures of the Bottleneck Cell to the Box Score; Step 5: Review with Management and Target Kaizen Possibilities; Step 6: Tie Lean Improvements to Changes in Capacity and Improved operational Measures; Step 7: Use Freed-Up; Capacity to Improve Financial Performance; Space Management; Summary; Discussion Questions; Product Costs and Lean Decisions; Throughput and Conversion Costs; Standard Costing Method; Throughput Method; Product Pricing Decisions; Product Mix Decisions; Special Order Decisions; Make vs. Buy Decisions; Box Score Format; Summary; Challenge; Discussion Questions; ; Lean Planning; An Overview of Lean Planning and the PDCA Cycle; How Lean Planning Is Different from Traditional Planning; Traditional Planning—The Annual Budget; Lean Planning—A Different Focus and Process; The Four Levels of Lean Planning; Strategic Planning; Hoshin Planning (Strategy Deployment)—Medium Term; Sales, Operations, and Financial Planning (SOFP)—Short Term; Steps in the SOFP Process; The SOFP Schedule; Weekly Planning Meetings; Summary of Lean Planning; Discussion Questions; References; ; Measurement Selection and Alignment; Reasons for Change; Identifying Measures; Measures and Alignment; The Process; Level 1: Company Strategies and Goals; Level 2: Value Stream Goals and Measures; Level 3: Work Cell Critical Success Factors, Goals, and Measures; Measurement Challenges in Projects and Knowledge Work; Action Tracking Logs; Summary; Discussion Questions; ; Measurement and Lean Behavior; Impact of Traditional Measures; Attributes of a Good Measure; Technical Attributes; Behavioral Attributes; Cultural Attributes; The Assessment; Summary; Discussion Questions; ; CONTROLS AND TRANSITION; ; Leaning Accounting Processes; Eliminate or Improve?; Step 1: List All Accounting Processes and Activities; Step 2: Quantify Time and Resources; Step 3: Perform a Customer Value Analysis; Step 4: Consider the Cost and Impact of Change; Step 5: Select the Activity or Activities for Change; Step 6: Prepare an Action Plan; Summary Transitioning to a Lean Accounting Reporting System; Preparing to Transition Your Accounting System; Steps for Making the Accounting Transition; Step 1: Identify Value Streams and Associated Costs; Step 2: Determine Appropriate Method for Valuing Inventory; Step 3: Identify the Types of Accounting Reports That Are Necessary; Step 4: Decide on Changeover Date; Step 5: Other Issues to Consider; Step 6: Review the Process; Potential Obstacles in Transitioning Your Management Accounting System; Benefits of a Lean Accounting System; Summary; Discussion Questions; Appendix A: Glossary of Lean and Lean Accounting Terminology; Reference; Appendix B: Lean Measurement Assessment Instrument; Performance Measure Assessment for the Lean Enterprise; Background; Purpose; Directions Index
• Publisher Details: Boca Raton, FL : CRC Press
• Publication Date: 2013
• Copyright Date: 2013
• Extent: 1 online resource (xi, 180 pages), illustrations
• Subjects: 658.4/012; Lean manufacturing -- Accounting; Managerial accounting; Cost control; Production control; BUSINESS & ECONOMICS / Industrial Management; BUSINESS & ECONOMICS / Management; BUSINESS & ECONOMICS / Management Science; BUSINESS & ECONOMICS / Organizational Behavior; Electronic books
• Languages: English
• ISBNs: 9781420088595; 1420088599
• Related ISBNs: 9781420088588; 1420088580
• Notes: Note: Includes bibliographical references.; Note: Print version record.
• Access Rights: Legal Deposit; Only available on premises controlled by the deposit library and to one user at any one time; The Legal Deposit Libraries (Non-Print Works) Regulations (UK).
• Access Usage: Restricted: Printing from this resource is governed by The Legal Deposit Libraries (Non-Print Works) Regulations (UK) and UK copyright law currently in force.