The Lean Management Accounting System

This introduction presents an overview of the key concepts discussed in the subsequent chapters of this book. The book explains the qualities and characteristics of a Lean CFO and provide effective strategies to ensure a successful transformation. It explains how to build a lean performance measurement system. The book explains how to calculate and measure capacity and how to build value stream income statements. The book explains how box scores are integrated with lean practices to create a value stream management system to plan, improve, control and manage value streams. It explains how to incorporate box scores into analysis and decision making as it relates to understanding the profitability of decisions. The book explains how to eliminate waste in standard costing systems, how to eliminate waste in ERP transaction processing and how to "turn off standard costing" for inventory valuation purposes.