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Lean Management seeks to radically restructure the organization into Value Streams, with the aim of streamlining organizational processes to improve customer service; whilst also improving efficiency and value. In a "lean" environment, the "Value Stream Manager" has income and expenditure responsibility. This often requires significant restructuring in recording and reporting financial information, to achieve the following objectives:

• Clear and relevant Value Stream Income and Expenditure reports;
• A coordinated set of performance measures and indicators for Value Stream Managers;
• Cell and Value Stream measures that link to corporate strategy and management reporting;
• Phased reduction of financial transactions including stock, supplier payments, work orders, purchase orders and so on;
• Application of lean principles to the finance function to reduce complexity and waste;
• Involvement of Value Stream Managers in the financial planning and budgeting processes;
• Training of Value Stream Managers, and others, in financial decision making tools;
• Application of advanced lean accounting tools at the Value Stream level, including target costing and Sales, Operational and Financial Planning.

Together these elements make up lean accounting.

Introduction to Lean Accounting Agenda

The key topics covered on the one-day Lean Accounting event are:

Click here to download the event brochure [PDF]

Click here to download the event report [PDF]

Click here to download the Lean Accounting presentation by Ross Maynard [PDF]