L’Institut Lean France et Jean Cunningham, auteur du célèbre ouvrage “Real Numbers: Management Accounting in a Lean Organization” organisent un atelier d’une journée - en anglais - consacré au lean accounting .

“The challenges of standard cost accounting and how to create lean accounting statements and metrics”



Atelier Lean accounting avec Jean Cunningham

le 10 avril 2012

à Paris, France



Thème de l’atelier : Operational Decision Making with Lean Accounting



Jean Cunningham, co-author of the acclaimed book “Real Numbers: Management Accounting in a Lean Organization” is providing a 1-day workshop on Lean Accounting. This very practical seminar will be entirely focused on the challenges of standard cost accounting and how to create lean accounting statements and metrics. The workshop will be presented in English.



About Jean Cunningham

Jean is principle of Jean Cunningham Consulting, which provides lean office services including workshops, kaizen events, and strategic direction. In addition Jean regularly presents lean office topics at conferences throughout the world.



Jean is the co-author of the acclaimed book, Real Numbers: Management Accounting in a Lean Organization, an essential text for learning Lean Accounting. She is also co-author of Easier, Simpler, Faster, a book on applying lean principles to information systems processes and optimizing output data within the lean workplace. Both books have been awarded the Shingo Prize for Research (2004, 2008), which Newsweek magazine referred to as the “…Nobel prize of manufacturing.”



Jean was previously the CFO and VP of Company Services at Lantech, LLC and Marshfield Door Systems, Inc. It was during these tenures that she developed her lean acumen, driving lean from the manufacturing floor into the office functions to include finance, information systems, human resources, telecommunications, and others. Jean was a visionary in establishing an employee-driven lean culture and building an integrated, sustainable lean enterprise.



Prior to joining Lantech, Jean was a financial professional with Digital Equipment Corporation and Westinghouse Electric, holding a number of senior controllership and treasury positions.



Jean has a BS in Accounting from Indiana University and an MBA from Northeastern University’s Executive Program. She and her family reside in the Chicago area.



Financial executives are experts at multi-tasking. They support company efforts to optimize shareholder value, secure financing for strategic initiatives, and ensure the financial reporting meets the needs of internal and external stakeholders. When a company embraces Lean, the data and reports provided by accounting and finance must change in order to support the lean effort. Engaged financial managers need to evaluate how to adjust and, perhaps, reinvent their operations to become an engaged leader and partner in the Lean transformation.



This workshop demonstrates how the adoption of Lean creates a mandate to challenge traditional cost accounting methods and may require revamped financial statements to support decision making. Attendees will review examples of key business decisions – exploring how relying on traditional financial statements instead of Lean financial statements in lean organizations can drive very different decisions to be made – some of which will be to the detriment of the company.



The agenda for this one-day workshop includes these topics:

1. Lean principles, a brief overview

2. Lean for Accounting vs. Accounting for Lean

3. Lean financial statements – what is different?

4. Decision making with traditional financial statements vs. lean financial statements

5. Key implementation steps for lean financials…from value streams to inventory valuation

6. Metric to support lean and those that can derail lean transformation

7. Tackling product materials as a source of cost improvement

8. Lean road map – next steps



This workshop moves participants from concept to application for lean financial statements. It also prepares participants to develop an action plan to improvement the metrics and key performance indicators to support strategy achievement.



Participants in this workshop will experience a combination of lecture, discussion, and work with Excel sheets. Participants will be offered the Excel sheets used in the session for their own use.



Key Learnings

· Why traditional accounting measures do not support Lean

· Alternatives to traditional cost accounting

· Steps to initiate lean financial statements and lean metrics

· Analytical approach to gaining efficiency of materials cost