The purpose of management accounting is to support decision-making and performance management in an organization.
As accountants, therefore, we must have a wide range of tools and techniques that we can use to support the needs of our organizations. Throughput Accounting and Lean Accounting are both examples of flow accounting that provide tools for process-orientated organizations.
Throughput Accounting is designed to support management accounting in organizations that are implementing the tenets of the Theory of Constraints.
Lean Accounting, like Throughput Accounting, focusses on improving the flow of work through a business process and provides a variety of flexible tools to measure, manage and improve performance.
This course covers the Theory of Constraints, Throughput Accounting, and Lean Accounting to give learners a thorough grounding of the main issues. Topics covered include:
There is a lot to cover and I have made it as clear and accessible as possible. Other than an interest in business finance and performance management, there are no pre-requisites for this course. I hope you enjoy it.
My philosophy is to inspire, challenge and support change. I have nearly 30 years experience as a business author and consultant. I write the content of online business courses for Nelson Croom Ltd - www.accountingcpd.net.
More courses are in production for publication in 2019, including two bringing the Agile philosophy to planning and accounting. I also write and deliver webinars for clients, with the "Innovation Masterclass" and "Creative Problem Solving" for ACCA in the summer. As a consultant, I specialise in process improvement based on the Lean and Agile philosophies. I facilitate improvement teams and provide expertise in performance measurement and management; problem solving; and process mapping.
Ideas into Action was founded in 1997 by Ross Maynard. Ross is a Fellow of the Chartered Institute of Management Accountants with over 20 years experience in organisational development with organisations of all sizes. The business is incorporated as Ideas2Action Process Excellence Ltd, registration number SC523801. We specialise in process analysis and improvement and lean finance, offering training, consultancy and facilitation of process improvement teams.
Ross is author of “Successful Business Growth” published by Hodder and Stoughton, in 1998; as well as many published articles on business improvement and lean management. Ross is an NLP Master Practitioner.
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.