Lean Accounting: A Beginner’s Guide

In this course, we learn about the role, impact, and benefits of lean accounting. We then explore the philosophy, principles, and objectives behind measuring lean performance. Additionally, we discuss the strategies for measuring lean performance and the critical factors involved. We also examine how to improve flow by eliminating constraints and implementing lean accounting tools.

The course then explains how to use the value stream profit and loss account and explores the purpose of the box score example. We also discuss the power of enhancing processes by understanding the structure of transaction elimination and its impact. Furthermore, we will assess your organisation's customer value focus, with lean accounting aiding in this pursuit.

We then discuss why planning by value stream and utilising lean accounting can aid in investment planning. Moreover, we identify the integration of lean accounting with the theory of constraints and throughput accounting. We also explain what is meant by throughput accounting and how it affects overall performance. This course is ideal for any individual who likes to learn about lean accounting and its importance in performance improvement. So why wait? Start your learning journey today.