Accounting for the Lean Enterprise
DESCRIPTIONIn order to assist companies in aligning their lean production system strategies with the organization’s accounting and financial strategies, AME is hosting an in-depth 3-day course on Lean Accounting in the Lean Enterprise.
This three-day workshop will teach you how to be a more effective strategic leader and how you can make appropriate changes in your accounting systems to support an overall transformation to a lean enterprise. This course is appropriate for accounting managers and operations managers and will help both improve their production systems and supporting accounting systems.
DeWayne is head of the School of Accountancy in the Auburn University College of Business. He will present training in Lean Accounting methods.
DeWayne has experience in the private sector and academia. He earned his doctorate from The University of Tennessee with a double major in accounting and logistics in 2006. His areas of expertise are continuous auditing, lean enterprises and supply chain management. Prior to entering academia, DeWayne worked in public accounting and private industry. He is a Certified Management Accountant (CMA), Certified Public Accountant (CPA) and Certified Internal Auditor
Rick is a member of the Auburn Technical Assistance Center Lean Team and will present training in Lean and Strategy for the organizational leader.
Rick is a Lean Specialist with more than 20 years experience in lean coaching/facilitation, industrial engineering, plant management, and production control. Rick's background is in the automotive, power plant, and healthcare industries. He has more than 10 years experience applying Lean techniques in these industries as well as strategically implementing continuous improvement incorporating planning, tools and culture. In addition to working in the U.S., Rick also has experience in international management in China, Japan and Mexico. Rick holds a Bachelors Degree in Industrial Engineering from University of Wisconsin-Platteville.
- Lean, the Value Stream, and Strategic Leadership: This opening day focuses on instilling a foundation in Lean understanding for the accounting and financial professional, while providing skill in more effective strategic leadership for the financial and operational professional within an organization. This training follows the Toyota Kata process for managing to achieve maximum results.
- Lean Culture: This topic discusses how to instill the lean philosophy and techniques into the workforce and prepares Lean Leaders to foster the sustained process of continuous improvement. Creating the Culture focuses on the people side of Lean and developing a culture of continuous improvement with its philosophy, processes, and people aligned to cultivate problem solving.
- Accounting Implications: This section demonstrates why lean improvements do not show up in traditional reporting and why accounting information needs to change.
- Value Stream Costing: An appropriate alternative to traditional costing methods is discussed.
- Target Costing: Most companies do not fully utilize the target costing process, but only use the concept to price their products. This section demonstrates how target costing can be used when managing current product lines and provides a methodology that integrates component functions/costs with customer preferences and provides guidance on cost reduction and value adding potential.
- Time-Driven Activity Based Costing: Reviews the basics of time-driven ABC and demonstrates the effectiveness of the technique for product costing and capacity costing.
- Performance Measures: Reviews the fundamental requirements that need to be considered when designing any performance measurement system. Examples of cell, value stream and facility measures are presented, followed by demonstration of an alignment technique.
- Balanced Scorecard & Strategy Map: Introduction of The Balanced Scorecard concept including an overview of strategy maps.
- Lean Decisions: Many decisions are typically based on standard cost, such as pricing, special orders, outsourcing and product mix). This section illustrates how these decisions are made in a lean environment without standard costing.
- Implementation Strategies: This final section introduces tools and strategies to assist participants to construct an action plan.
WHO SHOULD ATTENDCompany teams made up from:
- Manufacturing VPs
- Financial VPs
- Accounting Managers
- Operations Managers
- Manufacturing Leaders
- Accounting/Finance Team Members
- Why new methods of accounting control & measurement are required as the company introduces lean manufacturing & lean thinking.
- Lean methods for performance measurements.
- Communicate a Vision & Strategy;
- Set an Achievable Challenge;
- Define Short-Term Target Conditions;
- Use PDCA to Achieve Target Condition;
- Practice the Improvement Kata;
- Develop People Through the Coaching Kata;
- Lean costing methods that provide more accurate & simpler information than standard costs.
- How day-to-day decisions relating to pricing, quoting, make/buy, sourcing, rationalization, etc. are made using value stream costs.
- How product costs can be calculated from value stream costing.
- Develop a prudent maturity path towards the elimination of operational & financial transactions.
- Understand the importance of capacity & flow within value streams.
- Develop a lean approach to the financial impact of lean improvements.
LOCATIONHilton Pensacola Beach Gulf Front
12 Via De Luna Drive
Pensacola Beach, FL 32561
Group Lodging Code: AUB
OTHER REGISTRATION INFORMATION
You can become an AME member during the registration process for $150 per year and obtain the discounted AME member rate for this event. Your membership will also entitle you to a registration discount for all future AME conferences, seminars, workshops and webinars for one year. Additionally, you will receive a subscription to the award winning Target magazine and much more.
Payment or purchase order must be received by the AME office five days prior to the event start date. If no payment or PO number is received, you will be asked to pay with a credit card or check at the event before entry.
Cancellation Policy: Enrollment fee less a $200 non-refundable registration charge will be refunded up to one week before the event. Substitutions may be made up to three days prior to the start of the workshop.
Notes: This event may be cancelled by AME for any reason. AME is not responsible for incidental costs incurred by registrants. By registering for this meeting, I hereby acknowledge and agree that AME or its agents may take photographs of me during events and may use those photographs for AME’s purposes, including but not limited to news and promotional purposes, without further compensation to me.
Save $150 on your registration when you register before April 1, 2014
- Member Fee: $995
- Champion: $145
- Non-Member Fee: $1095
- Student Member Fee: $145