Brian H. Maskell
The methods and concepts presented in the bestselling first edition revolutionized the approach to the management and control of Lean companies. Enhanced with extensive end-of-chapter exercises and downloadable resources with Lean accounting tools, the second edition of this preeminent practitioner´s guide is now suitable for classroom use.
Practical Lean Accounting: A Proven System for Measuring and Managing the Lean Enterprise, Second Edition explains exactly what it takes to transform a traditional accounting system to one that supports and enhances a company´s Lean efforts. Defining the fundamental principles of Lean accounting, it demonstrates how to use them to identify and eliminate wasteful transactions. The book includes coverage of cell performance measurement, use of the box score, operational and financial planning, cost targeting, Lean accounting diagnostics, and value stream mapping. Retaining the easy-to-use format that made the first edition a bestseller, this updated edition includes:
- A new section on the use of value stream performance measurements in continuous improvement
- A re-written Target Costing chapter that emphasizes a value-based approach to the management of the Lean value system
- A Lean Accounting Diagnostic tool to help you assess progress and develop a plan for implementing changes
- Cutting-edge examples that illustrate implementation in accounting departments
- Downloadable resources with data from the ECI Value Stream Cost Analysis case study included in the text, Excel templates, and end-of-chapter questions with solutions
The book contains a wealth of tools that makes it ideal for company training sessions and advanced undergraduate and graduate-level courses. For each major example provided, two similar problems are included—one for instructors to guide students through and a second for students to work through on their own. An additional set of problems and questions for testing purposes are also available to instructors on the authors´ website.
Unfortunately, during the publishing process mistakes can be made that are not caught before the book is printed. Productivity Press takes great care to catch any errors prior to the printing stage.
Why Is Lean Accounting Important? Maturity Path to Lean Accounting. Cell Performance Measurements. Financial Benefits of Lean Manufacturing. Lean Financial Accounting. Managing by Value Stream. Value Stream Performance Measurements. Value Stream Costing. Using the Box Score. Calculating Product Costs—Features and Characteristics. Eliminating More Wasteful Transactions. Lean Financial Accounting II. The Lean Enterprise. Target Costing. Expanding Value Streams Outside Our Four Walls. The Lean Accounting Diagnostic. Performance Measurement Linkage Chart. Transaction Elimination Maturity Path Table. Value Stream Cost Analysis. Value Stream Mapping.
The methods and concepts presented in the bestselling first edition revolutionized the approach to the management and control of Lean companies. Enhanced with extensive end-of-chapter exercises and adownloadable resources with Lean accounting tools, the second edition of this preeminent practitioner´s guide is now suitable for classroom use. Thi
Praise for the New Edition:
... a no nonsense approach to bringing continuous improvement to areas of the company not normally involved in the typical Lean implementation. Following the authors' guidelines has allowed us to create an entirely new way of looking at our company´s performance and has exposed many more opportunities for improvement that we never knew existed.—Roy St. Andre, Executive Vice President, EIS Wire & Cable Co.
Practical Lean Accounting is a fantastic book, and the new edition is even better. This book makes a huge contribution towards understanding how to measure and manage a Lean enterprise. The addition of many new case studies and examples after each chapter, and more tools and practical information on the accompanying CD, makes the second edition worth buying again, even if you already have the first edition. Last, but not least, the book is even better suited for use in university accounting courses and in corporate Lean accounting training programs. ... destined to have a big, positive impact on supporting organizations on their path to Lean management.—Professor Bob Emiliani, Central Connecticut State University
Praise for the Bestselling First Edition:
... focuses on the key principle of Lean thinking, which is creating value for the customer. This focus highlights the need to measure financial progress from a perspective of relevant business issues and real cost instead of traditional standard cost methods. This is a much needed practitioner's book for the manufacturing industry.—J.T. Battenberg III, Chairman, CEO and President, Delphi Corporation, June 2004
... provides a very comprehensive and straightforward approach to this most difficult topic. A must read for the serious Lean practitioner.—Mark DeLuzio, President, Lean Horizons Consulting LLC, June 2004
... a highly readable and uncomplicated guide for financial and other managers of Lean companies and will no doubt become an invaluable reference for years to come.—Fred Garbinski, Parker Hannifin Corporation, June 2004
The methods and concepts presented in the bestselling first edition revolutionized the approach to the management and control of Lean companies. Enhanced with extensive end-of-chapter exercises and adownloadable resources with Lean accounting tools, the second edition of this preeminent practitioner's guide is now suitable for classroom use. Thi
The methods and concepts presented in the bestselling first edition revolutionized the approach to the management and control of Lean companies. Enhanced with extensive end-of-chapter exercises and a CD-ROM with Lean accounting tools, the second edition of this preeminent practitioner's guide is now suitable for classroom use. Practical Lean Accounting: A Proven System for Measuring and Managing the Lean Enterprise, Second Edition explains exactly what it takes to transform a traditional accounting system to one that supports and enhances a company's Lean efforts. Defining the fundamental principles of Lean accounting, it demonstrates how to use them to identify and eliminate wasteful transactions. The book includes coverage of cell performance measurement, use of the box score, operational and financial planning, cost targeting, Lean accounting diagnostics, and value stream mapping. Retaining the easy-to-use format thatmade the first edition a bestseller, this updated edition includes: A new section on the use of value stream performance measurements in continuous improvement A re-written Target Costing chapter that emphasizes a value-based approach to the management of the Lean value system A Lean Accounting Diagnostic tool to help you assess progress and develop a plan for implementing changes Cutting-edge examples that illustrate implementation in accounting departments A CD with data from the ECI Value Stream Cost Analysis case study included in the text, Excel templates, and end-of-chapter questions with solutions The book contains a wealth of tools that makes it ideal for company training sessions and advanced undergraduate and graduate-level courses. For each major example provided, two similar problems are included-one for instructors to guide students through and a second for students to work through on their own. An additional set of problems and questions for testing purposes are also available to instructors on the authors' website.Unfortunately, during the publishing process mistakes can be made that are not caught before the book is printed. Productivity Press takes great care to catch any errors prior to the printing stage. If any errors are found that have an effect on the understanding of a subject or mathematical equation, we have published them at: http://www.maskell.com/lean_accounting/subpages/free_stuff/PLA2%20Errors%20_Corrections_20130130.pdf
Why Is Lean Accounting Important?How Standard Costing Can Drive Wrong BehaviorWe Need to Show the Financial Impact of Lean ImprovementsWe Need a Better Way to Understand Product CostsWe Need New Kinds of Lean Performance MeasurementsWe Need to Eliminate Waste from Accounting Processes and SystemsWe Need Better Ways of Making DecisionsWe Need to Focus Our Business around Customer ValueSummaryExercises and Discussion QuestionsnnMaturity Path to Lean AccountingThe Maturity PathGetting Started with Lean AccountingSummaryExercises and Discussion QuestionsnnCell Performance MeasurementsWhat's Wrong with Traditional Measurements?What's Right with Lean Cell Measurements?BMA, Inc. Performance Measurement Starter SetDay-by-the-Hour ReportFirst-Time-Through ReportWIP-to-SWIP ReportOperational Equipment EffectivenessOther Support Measurements in the CellPresenting the InformationMaking the Cell Performance Measurements WorkNonproduction Cells and DepartmentsSummaryExercises and Discussion QuestionsnnFinancial Benefits of Lean ManufacturingThe ProblemCreating the Box ScoreManaging CapacityMaking Money from Lean ManufacturingEliminating Wasteful TransactionsWhat Must Be in Place?Cell TransactionsLabor TrackingMaterial CostsInventory Tracking SummarynnLean Financial AccountingA New Perspective on Internal Accounting ControlEliminating Waste from the Financial Accounting ProcessesUsing Lean Tools to Create ChangennManaging by Value StreamWhat Is a Value Stream?Different Kinds of Value StreamsWhy Do We Focus on Value Streams?Why Should We Manage the Business through the Value Streams?Continuous ImprovementThe Maturity Path to Lean Value Stream OrganizationProblems and IssuesHow Do We Identify the Value Streams?Do We Need to Change Our Organization Chart?Develop a PlanSummarynValue Stream Performance MeasurementsWhat Is the Purpose of Value Stream Performance Measurements?Value Stream Continuous Improvement TeamsValue Stream Measurements and Process ControlHow Do Value Stream Measurements Differ from Traditional Metrics?Box ScoresSales per PersonAlternative MeasurementsOn-Time ShipmentDock-to-Dock TimeFirst Time ThroughAverage Cost per UnitAccounts Receivable Days OutstandingSupporting MeasurementsPresenting the InformationMaking the Value Stream Performance Measurements WorkSummarynnValue Stream CostingWhat Is Wrong with Traditional Standard Costing? How Does Value Stream Costing Work?Why Is Value Stream Costing Simple?How Can We Implement Value Stream Costing?How Do We Handle Costs Outside the Value Stream?How Do We Know the Cost of a Product?Value Stream and Plant Profit and Loss StatementsCalculating the Cost of InventorySpecial Problems Involving InventoryGetting Started with Simpler MethodsSummarynUsing the Box ScoreReporting Value Stream PerformanceShowing the Effects of Lean ImprovementsShowing the Effects of Strategies and PlansSummarynnCalculating Product Costs-Features and CharacteristicsWhat Drives Cost in a Lean Value Stream?How to Use Features and CharacteristicsUses of Features and Characteristics CostingSummarynnEliminating More Wasteful TransactionsLabor TrackingMaterial CostsInventory TrackingThe Internal Control SystemSales, Operational, and Financial Planning (SOFP)Purpose of Lean Sales, Operations, and Financial PlanningLean Financial PlanningLean Sales, Operations, and Financial PlanningValue Stream Demand PlanningValue Stream Operations PlanningSOFP Planning MeetingExecutive SOFP MeetingVariations on a ThemeMaking It HappenSummarynnLean Financial Accounting IIFurther Advances in Lean AccountingSummarynnThe Lean EnterpriseWhat Is a Lean Enterprise?What Lean Methods Support the Wider Lean Enterprise?Why Are Lean Enterprises So Hard on Themselves?SummarynnTarget CostingHow Does Target Costing Work?Where Is Target Costing Used?What Are the Steps We Take?After Step 3Target Costing at ECI, Inc.: Steps 1 through 3Understanding Customer ValueExample of Target Costing at ECI: Steps 4 through 6Calculating the Target CostsExample of Target Costing at ECI: Steps 7 through 9Driving to Customer ValueExample of Target Costing at ECI: Steps 10 through 12SummarynnExpanding Value Streams Outside Our Four WallsThe Lean Value Stream RevisitedA Vision of the Expanded Value StreamExamining Value and Cost within Our Own CompanyExample of Effective Value Stream ExpansionSummarynnThe Lean Accounting DiagnosticThe Maturity Path RevisitedOverview of the Diagnostic ToolWorking with the Diagnostic ToolSummarynnPerformance Measurement Linkage ChartThe Performance Measurement FrameworkCreating the Performance Measurement Starter SetSteps for Developing Performance Measures in Your CompanySummarynnTransaction Elimination Maturity Path TableHow to Use the Maturity Path TableTransaction Elimination Process MapsSummarynnValue Stream Cost AnalysisWhat Is Value Stream Cost AnalysisPerforming the VSCA CalculationsStep 1: Define the Value StreamStep 2: Analyze CapacityFuture StateStep 3: Simulate Uses of CapacitySummarynnValue Stream MappingValue Stream Maps and Lean AccountingMore Value Stream Steps on the Value Stream MapData Box InformationSummary
Praise for the New Edition: ... a no nonsense approach to bringing continuous improvement to areas of the company not normally involved in the typical Lean implementation. Following the authors' guidelines has allowed us to create an entirely new way of looking at our company's performance and has exposed many more opportunities for improvement that we never knew existed.-Roy St. Andre, Executive Vice President, EIS Wire & Cable Co. Practical Lean Accounting is a fantastic book, and the new edition is even better. This book makes a huge contribution towards understanding how to measure and manage a Lean enterprise. The addition of many new case studies and examples after each chapter, and more tools and practical information on the accompanying CD, makes the second edition worth buying again, even if you already have the first edition. Last, but not least, the book is even better suited for use in university accounting courses and in corporate Lean accounting training programs. ... destined to have a big, positive impact on supporting organizations on their path to Lean management.-Professor Bob Emiliani, Central Connecticut State University Praise for the Bestselling First Edition: ... focuses on the key principle of Lean thinking, which is creating value for the customer. This focus highlights the need to measure financial progress from a perspective of relevant business issues and real cost instead of traditional standard cost methods. This is a much needed practitioner's book for the manufacturing industry.-J.T. Battenberg III, Chairman, CEO and President, Delphi Corporation, June 2004 ...provides a very comprehensive and straightforward approach to this most difficult topic. A must read for the serious Lean practitioner.-Mark DeLuzio, President, Lean Horizons Consulting LLC, June 2004...a highly readable and uncomplicated guide for financial and other managers of Lean companies and will no doubt become an invaluable reference for years to come.-Fred Garbinski, Parker Hannifin Corporation, June 2004
Inhaltsverzeichnis
Why Is Lean Accounting Important? Maturity Path to Lean Accounting. Cell Performance Measurements. Financial Benefits of Lean Manufacturing. Lean Financial Accounting. Managing by Value Stream. Value Stream Performance Measurements. Value Stream Costing. Using the Box Score. Calculating Product Costs-Features and Characteristics. Eliminating More Wasteful Transactions. Lean Financial Accounting II. The Lean Enterprise. Target Costing. Expanding Value Streams Outside Our Four Walls. The Lean Accounting Diagnostic. Performance Measurement Linkage Chart. Transaction Elimination Maturity Path Table. Value Stream Cost Analysis. Value Stream Mapping.
Klappentext
Now suitable for classroom use, the second edition of this preeminent practitioner 's guide to lean accounting helps readers gain hands-on experience working with many techniques and concepts that are useful for solving business measurement problems in lean organizations. For each major example, three similar problems are illustrated: one for instructors to guide students through, one for students to work through on their own, and one for testing purposes. In addition, end-of-chapter questions reinforce learning of basic concepts and deepen thinking about lean accounting principles and the role of lean accounting in the lean business management system.
