Accounting that uses traditional metrics and financial reporting does not always work for a business on a Lean Journey. While companies work hard to control costs and improve productivity, when they base their decisions on traditional accounting methods the results can be quite different than expected. And that means the company has to deal with the unforeseen - and could even go out of business.

What these businesses need is an accounting system designed for Lean. This Workshop will show you how this works. Attendees will hear how adopting accounting for Lean provides the better data and information you need to improve analysis and decision making. The Workshop will reveal the improved use of metrics needed to achieve motivation for Lean behavior.

In addition to lecture, there will be simulations, interaction and discussion. Specific examples will be used to demonstrate how relying on traditional financial information can and has forced companies to make the wrong decisions - decisions they would not have made if they had looked at financial information that supported their Lean endeavors.

• Learn why accounting for Lean provides better information and enables improved analysis and decision making.
• Find out the difference between traditional financial statements and Lean financial statements.
• Hear how relying on traditional metrics and financial statements can lead to making the wrong business decisions.
• Identify Value Streams and product lines and create financials to support them.
• Define key metrics and use them to target opportunities.
• Hear how accounting for Lean can help your business.