Location
Calculating the actual financial impact of continuous improvement activities is sometimes difficult because traditional financial analytical practices are not “lean-focused.” Connecting continuous improvement to the bottom line is often difficult.
To solve this problem, a lean company must develop an effective and efficient management accounting function that complements its financial accounting system. Effective decision making is predicated on understanding the true cause-effect relationships between continuous improvement and financial improvement.
Lean management accounting focuses on making decisions about the future (this is critical because the focus of financial accounting is on past activity).
BMA is the world’s leading lean accounting training and consulting firm. Our comprehensive approach to lean accounting implementation is designed to create a robust, sustainable lean accounting system for any organization wanting a transformation to lean accounting. www.maskell.com
Nick Katko is an early pioneer of lean accounting. In the 1990s, as CFO of Bullard, Nick implemented a complete lean management accounting system in conjunction with Bullard’s lean transformation, which included eliminating standard costing. Katko learned that existing management accounting systems and financial management practices for lean organizations must be made relevant to ensure the success of a lean strategy. Katko joined BMA in 2002 and has leveraged his lean accounting experience and philosophy in assisting BMA clients in developing, leading and coaching them in their lean accounting transformations, as well as lean strategy and lean office guidance. He served a range of organizations, from family-owned businesses to multi-national companies in industries such as manufacturing, healthcare, software, engineering and service. 
Tuesday, July 8, 2025
Agenda
10 a.m. Welcome
10:05 a.m. Presentation
10:50 a.m. Q&A
11 a.m. Program concludes
- The principles, practices and tools of a lean management accounting system
- The economics of lean
- The 6 possible ways continuous improvement can impact financial performance
- How to build a value stream box score
- How to plan a lean management accounting transformation
- Executives/Owners
- Accounting & Finance
- Operations
- Lean Leaders
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