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Real Numbers
Management Accounting in a Lean Organization
Are you getting a true picture of your company’s performance?
The disturbing answer, for most senior managers and CFOs today, is
no. The culprit? Current management accounting practices produce
financial statements that are unnecessarily complex and confusing.
As a result, most companies are run by executives who do not fully
understand their own financial information.
This explosive issue and
its implications are fully explored in Real Numbers. The
authors, each a chief financial executive, describe how
management accounting evolved to this point and how simplicity and
clarity can be restored – particularly in a lean
organization.
Companies throughout the
world are using lean principles to dramatically change the
competitive landscape while generating new profitability and market
share. As these companies transform, however, financial executives
are usually not prepared for how lean principles affect finance and
do not know how to streamline accounting. The management accounting
model illustrated in Real Numbers points the way to
unlocking the true profit potential of lean.
The authors, both leaders
in their companies' lean transformations, guide the reader through
the necessary changes in finance that will allow accountants to
become valued business partners instead of bean counters. You will
also lean the simple rules of an accounting system that replaces
the outdated approach focused on inventory value.
Author: Jean E. Cunningham and Orest J. Fiume ISBN: 0-9728099-0-2 Number of Pages: 179 List Price: $59.00
Management Accounting in a Lean Organization