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2008-05-28 17:13:36

"Practical Lean Accounting focuses on the key principle of lean thinking, which is creating value for the customer. This focus highlights the need to measure financial progress from a perspective of relevant business issues and real cost instead of traditional standard cost methods. This is a much needed practitioner's book for the manufacturing industry."

J.T. Battenberg III, Chairman, CEO and President, Delphi Corporation 06/01/04

"Practical Lean Accounting provides a very comprehensive and straightforward approach to this most difficult topic. A must read for the serious Lean practitioner."

Mark DeLuzio, President, Lean Horizons ConsultingLLC, June 2004

"Practical Lean Accounting is a highly readable and uncomplicated guide for financial and other managers of lean companies and will no doubt become an invaluable reference for years to come."

Fred Garbinski, Parker Hannifin Corporation, June 2004

With a value stream approach at its core, Practical Lean Accounting demonstrates how to transform a traditional accounting system to support a company's lean initiative. The author defines the principles of lean accounting and demonstrates ways to identify and eliminate wasteful transactions. He covers cell performance measurement, use of the box score, operational and financial planning, cost targeting, lean accounting diagnostics, and value stream mapping. An included CD provides needed forms and charts. Designed as a hands-on manual for financial officers that will continue to serve as a resource following conversion, the book can also be used to win over a skeptical finance department.

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