Lean Financial Kata
A successful lean accounting transformation requires an organization to learn the new relationships between operations and financial numbers and how to incorporate the dynamic context of these relationships in all financial and operational analyses.
For this to occur, the new thinking patterns and mindsets need to be developed, which requires lean financial coaching.
In this session you will learn:
- The principles of lean financial coaching
- How to develop lean financial coaches
- How to use Lean Financial Kata to ensure a successful lean accounting transformation.
About the Facilitator:
Nick Katko is an early pioneer of Lean Accounting. In the 1990’s, as CFO of Bullard, he implemented 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.