Lean accounting – the practices to adopt to make a difference

Whilst the formation of lean accounting came from the manufacturing sector its practices apply to organizations within the private, government and non profit sectors.

Whilst most corporate accountants have heard of lean accounting few have had the time to fully understand its implications to their finance team and organization.  Lean accounting is a hot topic and is now featured in many leading accounting journals. It proponents say it will lead to better decision making.

This workshop will provide a practical overview of the current discussions and a guide on how to use lean accounting in your organisation.  It will focus on what you need to know, help you ascertain how far you are already on the journey, and kick start your forward momentum. The accompanying whitepaper and electronic templates will generate savings in time greater than the workshop fee.

This session will cover:

  • how to make innovation a daily activity
  • Toyotas 14 principles many of which can also  be adopted by a finance team
  • streamlining reporting into a one pager (dashboard, scorecards, A3 page investment proposal, A3 CEO report)
  • top five changes to make to the finance team’s processes immediately
  • lean accounting – how it changes the way we report( a lean P&L report, value stream income statements)
  • the ten hidden costs to target immediately
  • importance of visual performance measurement
  • the top five articles written to date on lean accounting
  • the PDCA problem solving method
  • case studies where lean accounting proves that the traditional accounting evaluation is wrong

Benefits of attending 

Upon attending you will be able to:

  • apply the lean report formats that will make a difference to management
  • commence changing the major ineffective processes finance teams commonly use
  • review, at your leisure, the comprehensive white paper with electronic media valued at NZ$250.

Target audience:

  • Finance directors, CFOs, financial controllers
  • Management and financial accountants

Event Organizers and Professional bodies

If this course is relevant to your clients / members, please complete the enquiry form or email to gilchrist@waymark.co.nz.

Booking an in-house course

If you have over eight staff that would benefit from this course, it is financially viably to run this in-house. Please complete the enquiry form or email to gilchrist@waymark.co.nz.

Availability

David Parmenter travels on at least five major speaking tours a year.  It is highly likely that a mutually convenient date can be found.

Presenter

David Parmenter

David Parmenter is an international presenter who is known for his thought provoking and lively sessions, which have led to substantial change in many organisations. He has spoken in over 30 countries and in most continents in the world. Besides delivering in-depth workshops he has been a keynote speaker for the IBM Finance Forum, The World Capability Congress, TEC Malaysia, Profiles International Romania. David is a leading expert in:  the development of winning KPIs, replacing the annual planning process with quarterly rolling planning, quick month-end processes and making reporting a decision based tool.

John Wiley & Sons Inc have published his four books, including “Winning CFOs: Implementing and Applying Better Practices”, “The leading-edge Manager’s guide to success – strategies and better practices” and “Key Performance Indicators – developing, implementing and using winning KPIs”.

David has also worked for Ernst & Young, BP Oil Ltd, Arthur Andersen, and Price Waterhouse.  David is a fellow of the Institute of Chartered Accountants in England and Wales.

He has written over 50 articles for the accounting and management journals.  He has won two ‘article of merit’ awards from the International Federation of Accountants. (2007 and 2009).  His published articles titles include: “Quarterly rolling planning – removing the barriers to success”“Throw away the annual budget”, “Beware corporate mergers”, “Implementing a Balanced Scorecard in 16 weeks not 16 months”, “Convert your monthly reporting to a management tool”, “Smash through the performance barrier”, “Is your board reporting process out of control?”  “Implementing winning Key Performance Indicators”, “Quick month end reporting” “Conquest leadership- lessons from Sir Ernest Shackleton”  etc.




CPD Hours: Up to 3.5 hours

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