2019 Nick Katko ~ Lean Performance Measurements for the Accounting Department - Lean Frontiers - Be Bold. Be Better.

Lean Performance Measurements for the Accounting Department

Presented By:

Nick Katko

Session Abstract:

Accounting processes are very well defined and quite stable, because of the nature of the role of accounting. However, quality and flow of accounting processes is usually impacted if the source of the data is incorrect or missing. Often times, the source of the problem lies outside of the accounting function.

In this event you will learn some basic lean performance measurements for the accounting department that can help identify the root causes of problems and lead to improvement activities that eliminate the root causes, improve flow and improve quality


Learning Objectives:

  • Learn the “starter set” of typical lean performance measurements for accounting
  • Learn how daily management practices are used to identify abnormalities quickly
  • Learn how to use lean performance measures to measure the impact of improvement activities

About the Facilitator:

Nick Katko is an early pioneer of Lean Accounting. In the 1990’s, as CFO of Bullard, heimplemented a complete lean management accounting system in conjunction with Bullard’s Lean transformation, which included eliminating standard costing. Through this experience, Nick learned that existing management accounting systems and financial management practices for lean organizations must be made relevant to ensure the success of a lean strategy.

Nick joined BMA in 2002 and has leveraged his Lean Accounting experience and philosophy  in assisting BMA clients in developing, leading and coaching them in their Lean Accounting transformations. He has also provided selected BMA clients with Lean Strategy and Lean Office guidance.  Clients he has served range from organizations world-wide to family-owned businesses to multi-national companies in industries such as manufacturing, healthcare, software, engineering and service.

He is a regular speaker at the annual Lean Accounting Summit and has also presented at conferences in the United States, Europe, Asia and Australia; as well as, the author of “The Lean CFO” (2013), which has been translated into Turkish and Italian, and co-author of “The Lean Business Management System” (2007).

Nick is a Certified Public Accountant, has a BS in Accounting and MBA in Finance, both from the University of Kentucky. Nick lives in Lexington, Kentucky with his wife Deanna and their family.