Accounting and Reporting to Management on a Lean Basis

Duration: 90 Minutes
This webcast will present an overview of lean processes with a focus on the accountant's role in the process of innovative reporting in a lean environment. As entities implement lean approaches in manufacturing, retail and service environments, accountants have realized that our reports are not as understandable or informative as they could be. Lean accounting provides a new way of looking at the numbers and each organization can find better ways to both record and report the transactions of each period. This webcast will explain how information is gathered and reported in a lean environment.
Accounting and Reporting in Lean Environment
Instructor: Candace Leuck
Product ID: 505507
Objectives of the Presentation
  • Learn the history of lean
  • Gain a general understanding of lean processes
  • Understand the accountant's role in a lean environment
  • Develop processes for cost savings within the accounting department
  • Implement lean accounting concepts
  • Report information in the most effective and efficient formats
Why Should you Attend
By involving the accounting department in lean initiatives, it is possible to connect lean operations with accounting. This means replacing cost accounting with simpler management reporting and the adoption of value-added principles. Often lean enterprises make radical adjustments in their manufacturing processes, but fail to extend those changes outside of the production area.

Lean accounting concepts are designed to better reflect the operational and financial performance of a business that has adopted lean processes. Some of the most important techniques include organizing costs by value stream, changing the way inventory is valued, and changing financial statements to include non-financial performance measures.

Accounting and managerial personnel will gain new insights for becoming more efficient and effective in the manner in which they record and report on economic activity. Lean reporting is designed to give all managing personnel the critical information needed for making immediate improvements in their areas of responsibility both effectively and timely.

Areas Covered
  • History of lean accounting
  • Objectives of lean processes
  • Lean accounting development
  • Lean accounting measurements
  • Examples of lean accounting reports
  • Is lean for every entity?
Who will Benefit
  • Public accounts who consult with entities to develop more effective and efficient processes
  • All managerial accountants who work in lean environments or who may implement lean procedures in the future
  • Other management personnel who interact with accountants in lean environments
  • Non-tax accountants, junior tax professionals, lawyers, financial planners and other service professionals
  • Compliance managers and officers
  • Risk managers and officers
Topic Background
Lean principles affect not just manufacturing operations but also every aspect of your business–sales and marketing, engineering, product development–and especially accounting. So if you are using lean principles to move from batch-and-queue production to flow, you're probably running into problems with your company's accounting system.
$300
Recorded Session for one participant
Get life time access with download option!
Book this course
Pay Now
  $450.00 Training CD
Free shipment within 4 Working Days of placing the order. Get life time access for unlimited participants.
  $550.00 Training USB Flash Drive
Free shipment within 4 Working Days of placing the order. Get life time access for unlimited participants.
For multiple location please contact our customer care team +1-510-857-5896.
How it works
Live Session - How it works
  • Login to onlinecompliancepanel with your registered username and password https://www.onlinecompliancepanel.com/login
  • The webinar joining link, username and password for joining the webinar will be updated on your OCP Account 24 hours prior to the webinar
  • Presentation handouts in Downloadable PDF format will be updated on your OCP Account 24 hours prior to the live session
  • Login to the audio conference on the scheduled date and time
  • Get answers to your queries through interactive Q&A sessions via chat at the end of the session
  • Download the Certificate of Attendance and Purchase Invoice from your OCP Account 24 hours after the completion of the session
  • Please let us know your thoughts and views at the end of the webinar, your valuable feedback will help us improve
Recorded Session - How it works
  • Login to onlinecompliancepanel with your registered username and password https://www.onlinecompliancepanel.com/login
  • Upon purchase of the recorded session a link will be updated on your OCP Account within 24 hours
  • Please click on the link to access the Recorded Session
  • Presentation handouts in downloadable PDF format will be updated on your OCP Account within 24 hours of the purchase of the product
  • Download the Certificate of Attendance and Purchase Invoice from your OCP Account after 48 hours of the product Purchase
  • Please share your valuable Feedback at the end of the session
Instructor Profile:
Candace is owner of Athena Finance Group, Inc. specializing in strategic planning, distressed entity recovery, valuations, and educational programs. Athena's mission is to pursue and communicate the information clients need. This is accomplished through a cooperative working relationship. Based on solid strategy, the outcome is an expansion of the opportunities of those served.

Candace was associated with Ernst & Young in the tax and then auditing area, serving small, midsized and SEC clients during her tenure. She gained significant experience with various industries including manufacturers, automobile dealerships and securities brokers.

Upon leaving Ernst & Young, Candace pursued and obtained her Masters of Professional Accountancy from Clemson University and proceeded to her career in the educational arena, teaching at Clemson University, Furman University, and the University of North Carolina at Greensboro. She returned to Clemson in the Fall of 2006 and remained through Spring of 2012. In addition to undergraduate and graduate education, Candace has developed and taught various continuing education courses in both live format and through webcast technology.
View More