From the course: Lean Accounting Foundations
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Financial performance
- [Instructor] As you're probably now familiar with, one of the most effective ways to set out a value stream summary report is to break it down into the following sections, performance indicators, resource capacity, and financial performance. For the large toy cars value stream example we've been analyzing, let's assume that the performance indicators and resource capacity sections have already been completed and looks something like this. The final piece of the puzzle is financial performance, that is, revenue and expenditure information. As accountants, you're probably feeling more comfortable with this aspect of the process. I mean, after all, numbers are your thing. And the data we need should all come from the financial management information system. But before we get too excited and start running a bunch of profit and loss reports, let's pause and make sure that we're providing information that's current and…
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