Whilst most corporate accountants are aware of the revolution of lean and its positive impact on private, government and non profit sectors few have realised the profound impact it has on the accounting function. The pioneers of lean accounting have now blazed a pathway that all corporate accountants need to walk along. Lean accounting not only looks at making all finance team processes more efficient, it changes the way we report numbers (by using value streams), it challenges our thinking about spare capacity and our treatment of inventory and totally rethinks the use of cost allocations (the validity of activity based accounting is challenged).
The “lean accounting” movement has been gaining momentum around the world and is a hot topic. Thus it will not be long before CEOs start asking questions about it. It is thus imperative that corporate accountants, sooner rather than later, understand the concepts of lean accounting and its implications to their finance team and organisation.
Join David Parmenter, author and international presenter, as he gives you a practical overview of the current lean accounting movement and its impact on your organisation and sector. David will cover the lean methods the finance team can use to put some quick wins on the board.
This workshop will focus on what you need to know, help you ascertain how far you are already on the journey, and kick start progress. The accompanying whitepaper and electronic templates will generate savings in time greater than the workshop fee.
This session will cover:
- Learn why you need to embrace the LEAN movement
- Learn from world class finance teams
- Understand how to adopt Toyota’s 14 principles e.g. making innovation a daily activity
- Avoid performance measures that hurt your organisation – the dark side of KPIs
- How value stream accountings is superior to traditional product costing
- Lean reporting – better decision making, more focused daily and weekly reports
- How target pricing can improve profitability
- Apply lean methods (Agile, SCRUM, and Demming’s PDCA) in the accounting function
- Obtaining quick wins through the introduction of:
- fast month-end reporting into your organisation – covering the quick wins
- a fast light touch planning and forecasting regime including the foundation stones of quarterly rolling forecasting
- daily and weekly reporting that show real numbers
- kaizen – innovation being a daily activity
Upon attending you will be able to:
- apply the lean concepts to your accounting function
- commence changing the major ineffective processes finance teams commonly use
- redesign your report formats that will make a difference to management based on the case studies covered in the course
- cut days out of your month-end processes – immediately
- complete fast forecasts and plans
- review, at your leisure, the comprehensive white paper with electronic media valued at NZ$250.
Comprehensive paper & free follow –up webcast
Take away a comprehensive white paper with electronic media (valued at £120) for future reference. All attendees will be invited to join David in a free follow –up webcast to assist with implementation issues.
- Finance directors, CFOs, financial controllers
- Management and financial accountants
- Practitioners who act as a CFO for their SME clients.
Event Organizers and Professional bodies
If this course is relevant to your clients / members, please complete the enquiry form or email to firstname.lastname@example.org.
Booking an in-house course
David Parmenter travels on at least five major speaking tours a year. It is highly likely that a mutually convenient date can be found.
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, and 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.
7.5 CPD hours (where applicable)