Applications of Lean in Accounting & Administration
Waste can often lead to decreased profitability in financial management, but streamlining critical accounting processes can be an intimidating endeavour. In this course, participants will thoroughly analyze common accounting practices to identify redundancies, and discuss how to improve their financial management efforts through the principles of Lean accounting.
Course Summary:
Waste can often lead to decreased profitability in financial management, but streamlining seemingly critical accounting processes can be an intimidating endeavour. In this course, participants will thoroughly analyze common accounting practices to identify redundancies, and discuss how to improve their finance management efforts through the principles of Lean accounting.
Course participants will also examine the typical barriers to waste reduction in their accounting efforts, and share strategies on establishing a culture of productivity throughout their organization’s finance departments. This course is essential for financial officers, accountants, and finance administrators across any manufacturing industry, and provides a valuable introduction to the the methodology of Lean leadership.
Discussed Topics:
- Incorporating Lean thinking practices into our accounting efforts (includes video demonstration).
- Overcoming barriers to Lean accounting processes.
- Applying Lean accounting functions to common workplace activities, including:
- Accounts Payable and Order Entry
- Inventory Reporting and Purchasing
- Sales Invoicing, Closing Operations
- Performing End-of-Month Routines
- Achieving Productive Accounting Practices
- The difference between Cost Accounting and Cost Management.
- Financial Statements and Budgeting.
Objectives:
- Review and discuss the core components of Lean accounting.
- Understand the importance of Lean accounting in a productive workplace.
- Apply Lean thinking methods in common accounting processes.
- Share ideas and best practices for improving finance management activities.
- Determine how to establish a culture of Lean accounting in one’s own organization.
- Gain the confidence and resources to become a Lean financial leader!
DURATION: One (1) Day-Long Session
LEARNING ENVIRONMENT: In-Person Classroom
SCHEDULE: Please contact Amy Edwards, EMC's Training Manager, at 1-866-323-4362 for upcoming course dates and times.
Training is available in English.