… a no nonsense approach to bringing continuous improvement to areas of the company not normally involved in the typical Lean implementation. Following the authors' guidelines has allowed us to create an entirely new way of looking at our company’s performance and has exposed many more opportunities for improvement that we never knew existed.
—Roy St. Andre, Executive Vice President, EIS Wire & Cable Co.
Practical Lean Accounting is a fantastic book, and the new edition is even better. This book makes a huge contribution towards understanding how to measure and manage a Lean enterprise. The addition of many new case studies and examples after each chapter, and more tools and practical information on the accompanying CD, makes the second edition worth buying again, even if you already have the first edition. Last, but not least, the book is even better suited for use in university accounting courses and in corporate Lean accounting training programs. … destined to have a big, positive impact on supporting organizations on their path to Lean management.
—Professor Bob Emiliani, Central Connecticut State University
Praise for the Bestselling First Edition:
... 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, June 2004
... 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 Consulting LLC, June 2004
... 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
I have been an enthusiastic reader and advocate of Practical Lean Accounting since its initial publication. It was one of the first resources I found that defined the concepts of lean accounting and how those concepts could act as a catalyst for successfully managing the lean enterprise. For several years now, I have depended on Practical Lean Accounting for teaching my accounting students the ideas behind lean accounting. There is no other resource available that so clearly and thoroughly details the concepts of lean accounting and accounting for lean. The primary advantage of the second edition of Practical Lean Accounting is the addition of questions, exercises, and problems (with their solutions) for each chapter. These are extremely helpful for those who want to teach and train others in these concepts. The authors of this book are all experts in the field. They paint a clear picture of how and why we need to adapt our internal reporting systems to provide the appropriate and necessary information for sound decision making in lean environments, and the new teaching aids reinforce this understanding. I would highly recommend this book and its related educational support to anyone who wants to better comprehend how accounting can and should be part of everyone's lean journey.
I have thoroughly studied both editions of Practical Lean Accounting. Both are great, however the Second Edition has some very interesting exercises that really deepen a person's understanding. Work through them and understand. Any good book deserves study, not just casual reading, but reading for meaning. I have read the book multiple times and each time I come away with more understanding--not that the words in the book have changed; but that my understanding has deepened and with experience my learning lets me see more and more. This book really brings the accounting and finance concepts into alignment with lean. In the nearly 15 years of doing lean full-time as my job, it has become clear that a company can only go so far and then plateau, or even slide backwards, unless they tackle the office (accounting and cost control) processes. This book has more to teach about lean and management decision making in a lean environment than about pure accounting. I highly recommend this book for any leader of a company that is serious about taking the company to new higher levels of performance. Make the accounting team part of your lean implementation and the whole company will benefit.
I work in a Top Tier Aerospace and Defense company that has invested in Lean Manufacturing methods and process improvements for over 20 years. This book (purchased over 25 copies) formed the pre_learning for our team in challenging time proven cultural assumptions in our highly regulated environment. The team successfully demonstrated in a pilot project significant improvement in processes that will change forever how we make decisions and integrate finance with the power of the Lean Accounting approach.
The transition from traditional cost accounting to Lean accounting is a critically important part of any successful Lean transformation. Maskell and his co-authors have worked tirelessly for decades to develop and advance Lean accounting. They have a enviable track record of successfully introducing Lean accounting into numerous organizations, including many Fortune 500 companies. This second edition of Practical Lean Accounting builds upon the success of the first edition by adding important new material. It contains the details that readers need to understand Lean accounting and to put it into practice. This book is an indispensable resource for understanding Lean accounting, written by the true pioneers of this field. I highly recommend this book.
Straightforward approach on methodolgy with practical explainations. Attached CDROM with reference information supplemented the content well. A good link between Lean and accounting practices.
Product Details :
Paperback: 475 pages
Publisher: Productivity Press; 2 edition (August 26, 2011)
Language: English
ISBN-10: 1439817162
ISBN-13: 978-1439817162
Product Dimensions: 7 x 1 x 10 inches
More Details about Practical Lean Accounting: A Proven System for Measuring and Managing the Lean Enterprise, 2nd Edition
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