In conjunction with 2021 Virtual lean LEADERSHIP WEEK EVENTS
Introduction to Lean Management Accounting
A Lean Frontiers Online Workshop with Nick Katko and Jerry Solomon
Date & Time
Join our online, interactive workshop!
Management accounting, on the other hand, is responsible for providing information (products) and consultation (services) to many internal users. The value that internal users receive from management accounting is the “decision-usefulness” of its products and services. Internal users want management accounting to provide clear insight into both financial and operational performance to make decisions that help the company achieve better results. Management accounting deals with the financial management of the entire company.
In lean companies, internal users’ definition of “useful and understandable information” changes because it has to be aligned with lean thinking to help a lean company achieve better results. In lean accounting, this means management accounting must provide quality products (relevant to lean thinking) and quality services (analysis and recommendations aligned with lean thinking).
In this workshop you will learn:
- how to build and use a lean management accounting system to make relevant information available to decision makers on a timely basis
- why lean organizations need lean management accounting systems
- how to sustain a lean management accounting system with lean financial coaches
Introduction to Lean Management Accounting - ABOUT THE FACILITATOR
Nick Katko + Jerry Solomon
Nick is President and owner of BMA. Since 2002, Nick and has leveraged his Lean Accounting experience and philosophy in assisting BMA clients in developing, leading and coaching them in their Lean Accounting transformations. Clients Nick has served range of organizations world-wide from family-owned businesses to multi-national companies in industries such as manufacturing, healthcare, software, engineering and service.
Nick is the co-author of “Practicing Lean Accounting” with Mike De Luca and author of “The Lean CFO.”
Jerry Solomon has over 35 years of experience working in a variety of industries where he has held the CFO & Vice President of Operations positions. He led Lean transformations achieving dramatic improvements in inventory turns, lead-times, customer service, income and cash flow. He has authored 3 Lean books, two of which won the prestigious Shingo Award: Who’s Counting? and Accounting for World Class Operations as well as Leading Lean. He was the Maryland Lean Leader of the Year in 2013. He is a founding thought leader and subject matter expert in Lean Accounting and has been teaching and practicing Lean Accounting for the last three decades. Jerry is a long time board member of the Maryland World Class Consortia and a frequent speaker at industry conferences.