- Determine the focus of lean-thinking accounts.
- Describe the techniques used for building and maintaining metrics and KPIs that monitor value stream performance.
- Describe the tools for designing and building a box score.
- Interpret how to best communicate results to various audiences.
- Distinguish between four different skills that lean accounts should develop.
Skill Level Beginner
- [Joshua] In this dynamic world of increasing competitiveness, it's important that organizations understand their business drivers to maximize capacity and improve the bottom line. Many enterprises, particularly in the manufacturing sector, have adopted lean thinking, a mindset that seeks to reduce waste and add value to the customer. With the benefits of lean thinking being proven time and time again, in recent years, this strategy has filtered its way into more diverse industries, such as the services sector. Accountants play an instrumental role in all this by providing timely, critical insights on operational performance and helping organizations pivot their businesses. I'm Josh Rischin, the director of Axium Solutions. I've delivered managerial accounting outcomes to enterprises of all shapes and sizes over the past 20 years now. In this course, I'll introduce you to the key concepts of lean thinking. We'll look into the pivotal role that accountants play, the key metrics that allow us to monitor performance, and explore how all this works in practice. Finally, we'll touch on the key skills and capabilities needed to make lean accounting a sustainable endeavor. I love leaving businesses in a stronger position than when I started. If you do too, then please join me on this introduction to lean accounting.