| Workshop Description: |
Lean manufacturing is a new paradigm for manufacturing. It focuses on making products only when a customer expresses a need for one by placing an order. As such it is very different from the mass production methods used by traditional manufacturers. It is hardly surprising, then, that the accounting and measurement systems that worked in the traditional manufacturing environment would breakdown under the radically different assumptions and methods of lean. Many companies are finding that to sustain lean they must change their accounting and measurement systems. So there is increasing interest on this topic.
This is an introductory, one-day course. Its aim is to present an overview of the reasons why lean accounting is important and the new methods that lean manufacturers are using to bring their measurement and accounting processes into line with lean thinking.
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| Specific Learning Objectives: |
Upon completion of this interactive simulation, participants will learn:
- Gauge the extent to which the problems with traditional accounting are a problem in their own companies
- Learn the BMA, Inc. “Starter Set” of performance measures
- Understand how value stream costing simplify the development of costing information
- Learn how to develop a plan for eliminating operating and accounting transactions as lean manufacturing is implemented
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Speaker
Biography: |
Nick Katko
Nick joined BMA in 2002 as a senior consultant. Prior to joining BMA, Nick was CFO for various manufacturing companies that implemented lean practices and has also worked in public accounting. As a CFO, Nick has led the companies in the implementation of lean accounting practices such as performance measurements, value stream costing, lean decision making and the elimination traditional standard cost systems. As a senior consultant with BMA, Nick uses this experience to assist clients in lean accounting implementation by working closely with clients resolve the real-world issues they face in implementation. These issues include removing traditional cost-based performance measurement systems in favor of lean performance measurement systems, migrating from a traditional income statement to a value stream costing income statement, creating a transaction elimination maturity path and working with management to create new business decision making models based on lean accounting practices.
Nick is a Certified Public Accounting and has a BS in Accounting and MBA in Finance, both from the University of Kentucky.
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