The Lean CFO: Architect of the Lean Management Accounting System 2nd Edition by Nicholas S. Katko 9781000828276 1000828271

The Lean CFO: Architect of the Lean Management Accounting System 2nd Edition Nicholas S. Katko – Ebook Instant Download/Delivery ISBN(s): 9781032302393,1032302399, 9781000828276, 1000828271

Product details:

• ISBN 10: 1000828271
• ISBN 13: 9781000828276
• Author: Nicholas S. Katko 

The Lean CFO
Architect of the Lean Management Accounting System

Table contents:

Safety and Respect for People
Monthly or Company Lean Performance Measurements
The Linkage Chart Process
Develop the Linkage Chart
Pilot the Measurements
Review and Adjust the Measurements
Linkage Chart Development Plan
Wrap Up – Lean Performance Measurements
5 Measuring Capacity
Time Is Money
The Economics of Lean
Types of Activities
Value Added Activities
Non-Value Added but Necessary Activities
Non-Value Added and Wasteful Activities
Process Analysis and Data Collection
Data Collection Methods
Data Collection on Process Activities
Data Collection on Position Activities
Frequency of Measuring Capacity
Wrap Up: Time Is Money
6 Value Stream Income Statements
GAAP = GAAH!
Purpose of Value Stream Income Statements
Value Streams Are Profit Centers
Value Stream Income Statement Practices
Practice 1: Simple Format
Practice 2: Report Actual
Practice 3: Properly Define Variable and Fixed Costs
Practice 4: Avoid Cost Allocations
Designing a Value Stream Income Statement
Sales
Variable Costs
Contribution Margin
Fixed Costs
Value Stream Operating Margin
Shared Costs
Value Stream Operating Profit
Designing a Company Value Stream Income Statement
Wrap Up
7 Value Stream Management
Introduction
Planning the Value Stream – Strategy Deployment
The Plan Step
The Do Step
The Check Step – Catchball
The Adjust Step
Improving the Value Stream – Continuous Improvement
Planning the Improvements
Do – Conducting Kaizen Events
Check and Adjust – the Weekly Value Stream Team Meeting
Controlling – Daily Lean Management
Plan and Do – the Daily Schedule and Executing the Work
Check and Adjust – the Daily Huddle
Managing – Accounting’s Role in Value Stream Management
Wrap Up: Value Stream Management
8 Lean Decision Making
Box Score Thinking
Use the PDCA Process
Increasing Capacity to Meet Demand
Make or Buy Decision
Pricing and Quoting Decisions
Lean Cost Management Decisions
Labor Cost Management
Machine Cost Management
Material Cost Management
Material Price
Wrap Up: Lean Decision Making
9 Dealing with Standard Costing: : Simplifying Standard Setting
Introduction
Standards Are Static, Lean Is Dynamic
Simplifying Material Standard Setting
Reducing the Number of Bills of Material
Reducing the Number of Part Line Items
Improving Quantity per Assembly
Improving Material Cost
Simplifying Labor and Overhead Standard Setting
Impact of Lean Practices on Routers and Rates
Reduce Number of Labor and Overhead Rates
Simplify Run Rates
Reduce Number of Work Centers
Strive for One Labor and One Overhead Rate
Wrap Up – Simplify Standard Setting
10 Dealing with Standard Costing: Transaction Elimination
ERP and the CFO
Traditional Manufacturing and ERP
Lean Manufacturing and ERP
Reducing Work Order Transactions
Stop Reporting Actual
Begin Backflushing
Reduce Router Steps
Decrease Number of Work Orders
Reducing Material Control Transactions
Reducing Receiving Inspection Transactions
Reducing Inventory Adjustments and Cycle Counting Transactions
Wrap Up: Transaction Elimination
11 Dealing with Standard Costing: Lean Inventory Valuation
Introduction
GAAP and Inventory Valuation
Lean Inventory Valuation and GAAP Compliance
Lean Inventory Valuation of Material
Lean Inventory Valuation of Actual Production Costs
Average Production Costs
Historical Margin
Getting Started with Lean Inventory Valuation
The Benefits of Lean Inventory Valuation
Wrap Up: Lean Inventory Valuation

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