Lean Accounting: A Beginner’s Guide

Welcome to myCPE

Reviewed

March, 2024

Learning Objectives

To discuss the basics of the Theory of Constraints.
To discuss the philosophy of lean and lean accounting.
To explain the Five Principles of Lean.
To analyze what Lean Accounting is and how it works.
To explain the seven aims of lean accounting.
To inspect the principles of lean performance measures.
To list the three levels of performance measurement.
To discuss a starter set of lean performance measures.
To analyze the performance improvement in lean accounting.
To explain Key Lean Accounting tools.
To discuss Lean accounting and accounting transactions.
To analyze and quantify the benefits of improvement.

Course Description

Ready to revolutionize your financial management strategies? Ever wondered how Lean Accounting could be the game-changer your organization needs? Our comprehensive CPE course, "Lean Accounting: A Comprehensive Guide," is here to answer your questions and equip you with the knowledge and tools to transform your approach to financial decision-making and performance management.

Lean Accounting, a dynamic approach to contribution costing, takes a process-oriented perspective. It calculates the contribution of each process or value stream to corporate profits. By focusing on improving workflow, this course equips you with flexible tools to measure, manage, and enhance performance effectively.

Throughout this CPE Accounting webinar, we explore pivotal topics, including:

What is Lean?
What is Lean Accounting?
The Seven Aims of Lean Accounting
Lean Performance Measures
Performance measures and decision-making in Lean Accounting
Streamlining accounting transactions in Lean Accounting
Using Lean Accounting to highlight the benefits of process improvement

As a bonus, this online course includes an insightful appendix that offers a concise overview of the Theory of Constraints and Throughput Accounting. These complementary approaches align seamlessly with the Lean Accounting philosophy, providing a well-rounded understanding of advanced financial strategies.

Don't miss this opportunity to elevate your skills with Lean Accounting. Enroll now and empower your organization to thrive in the world of Lean!

Overview

What is Lean?

5 mins
Profitability is related to the rate of flow

15 mins
The purpose of lean performance measures

28 mins
The elements of the box score

46 mins
How lean accounting helps focus on value

64 mins
Lean Accounting is not Financial Accounting

72 mins
What is the theory of constraints?

85 mins
How does lean accounting differ from throughput accounting?

92 mins
Investment: Focus on the constraint

101 mins

Webinar Qualifies For

3 CPE Credit of Accounting for Certified Public Accountants (CPA-US)
3 General Credit of Accounting for Accountant/Bookkeeper/Tax Professionals
3 CPD Credit of Accounting for CPA in Canada
3 CPE Credit of Financial Accounting for Certified Internal Auditors (CIA)
3 CPE Credit of Accounting for Certified Fraud Examiner (CFE)
3 CPE Credit of Financial Reporting for Certified Management Accountants (CMA)
3 CPE Credit of Financial accounting for Certified Valuation Analyst (CVA)
3 CPD Credit of Financial Reporting for Accredited in Business Valuation (ABV)
3 CPD Credit of Financial Reporting for Certified Financial Forensics (CFF)
3 PL Credit of Accounting for Chartered Financial Analyst (CFA)
3 CPD Credit for Association of Chartered Certified Accountants (ACCA)
3 CPE Credit of Accounting for Certified Government Financial Manager (CGFM)
3 CPD Credit for Chartered Accountant - ICAEW
3 CPE Credit of Accounting for Internal Audit Practitioner (IAP)
3 CPE Credit of Financial accounting for Certified Business Appraiser (CBA)/Master Certified Business Appraiser (MCBA)
3 CE Credit of Financial accounting concepts for Certified FP&A Professional (FP&A)
3 CPE Credit of Accounting for Qualification in Internal Audit Leadership (QIAL)
3 CPD Credit for Chartered Accountants - Scotland
3 CPE Credit of Accounting for Iowa Licensed Public Accountant (IA-LPA)
3 CPD Credit for Chartered Accountants - Ireland (CAI)
3 CPD Credit for CPA - Ireland
3 PL Credit of Accounting for CIPM
3 CPE Credit of Accounting for Maine Licensed Public Accountant (ME-LPA)
3 CPE Credit of Accounting for Delaware Licensed Public Accountant (DE-LPA)

About Instructor

Ross Maynard

Managing Director, Ideas2Action Process Excellence Ltd

My philosophy is to inspire, challenge and support change. I have nearly 30 years’ experience as a business author and consultant.

As a consultant, I specialise in process improvement based on the Lean philosophy. I facilitate improvement teams and provide expertise in performance measurement and management; problem solving; and process improvement.

As well as delivering webinars for MyCPE, I develop courses and webinars for the ACCA (Association of Chartered Certified Accountants) in the UK and other specialist business and finance providers.

I live in Scotland, near Glasgow, with my wife, daughter and Cocker Spaniel.

Additional Information

Duration

3 Hours

Course Level

Basic

Instructional Method

QAS Self Study

Pre-requisites

None

Advance Preparation

None

FAQ’s

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NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.

Ratings and Review

4.6

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Michael Magee, CPA (US)

An excellent presentation on a subject I had never heard of … Lean accounting is something all accountants do be familiar with. It would be a great asset for anyone.

David Fix, CFE, CPA (US)

Good course for reviewing lean accounting and how it differs from standard cost accounting.

Robert Cherry, CPA (US)

Fantastic course for a beginner starting in lean!

Robert Value, CPA (US), Others

knowledgeable instructor, good material but frankly to much reiteration. Course could be "Leaned" by 30% covering the same content and providing the same quality learning experience.