Mastering Lean Accounting: A Beginner's Overview

About the Course:

The purpose of management accounting is to support decision-making and performance management in an organisation. Lean Accounting is a branch of management accounting that uses contribution costing to calculate the contribution to corporate profits of an organisation’s main business processes.  

Lean Accounting is designed to support the lean management philosophy, which is about optimising each business process. Lean Accounting, therefore, focusses on improving the flow of work through a business process. It provides a variety of flexible tools to measure, manage and improve performance. 

Course Objective:

• On completion of the webinar, attendees will be able to: 
• Discuss the philosophy of lean 
• Describe the Five Principles of Lean 
• Explain what Lean Accounting is and how it works 
• The philosophy of lean accounting 
• List the seven aims of lean accounting. 
• Explain the three levels of performance measurement. 
• Outline a starter set of lean performance measures. 
• Understand how lean accounting supports performance improvement  
• Implement key Lean Accounting tools 
• Calculate the benefits of improvement 

Who is the Target Audience?

• Managers and owners of small and medium sized organisations implementing lean management in their business and wanting to understand how lean accounting supports this transition. 
• Finance managers and accountants in SMEs want to understand how lean accounting works and how it can support business improvement. 
• Students of business management, finance and accounting who wish to understand more about lean accounting. 

Basic Knowledge:

• There are no course pre-requisites.