Synopses & Reviews
Synopsis
Accounting delivers a lot of indecipherable reports. Finance rarely addresses the business leader's need for a greater understanding of the complete financial impact of decisions made as well as decisions to be made. Both functions also have a lot of internal process waste. The Value Add Accountant can provide solutions to all of these issues.
Jean Cunningham and Orest Fiume wrote about their experience as CFO's creating this role in the 2003 seminal Lean Accounting text, Real Numbers: Accounting for the Lean Organization. In the years since, Jean has traveled the globe, consulting on Lean process improvement and waste reduction in accounting and other office processes for numerous companies great and small.
This book expands the Real Numbers message by providing detailed examples of how to reveal accounting waste, start a personal value add transition, and get buy in on these pivotal accounting changes. This book also describes how accounting can effectively evaluate corporate waste reduction and improvement activities.
You will learn how adopting this new role can enable accounting and finance to proactively support business decision making and impact improved outcomes. This expanded role has both accounting operations and company-wide elements. It is initiated by applying Lean principles and tools to everyday processes to minimize mind-numbing transaction work and other waste from accounting processes. Those improvements increase available accounting capacity. This capacity is then applied to impacting the future with more time spent on internal customer-based, value adding activities for the organization.
Your Value Add Accountant journey starts here.
Synopsis
There is an important role for accounting that goes far beyond transactions, reporting, and policing the organization. It increases accounting's overall value but requires the accountant to leave the narrow confines of the ivory tower and become a partner with other areas of the business.
This enhanced role was originally defined in the author's 2003 seminal Lean Accounting text, Real Numbers: Accounting for the Lean Organization. During the years since and after leaving her CFO position, she has traveled the globe, teaching and implementing Lean Accounting and taking note of the broad range of unique positive impacts accounting can have when they use their expertise to engage with the entire organization as a matter of course.
This book takes the baton from Real Numbers and shows you the future role of accounting in value-based companies. Based on her financial expertise, CFO experience, and 25-year Lean journey, the author shares her perspective as an acknowledged thought leader and her experience as a consultant with you. There are many, many ways for this role to emerge. Any accounting team in any company can employ these same Lean activities with wonderful results.
You will learn how to take an accounting team beyond their traditional role to proactively support business decision making and impact improved outcomes. This expanded role has both accounting operations and company-wide elements. It is initiated by applying Lean principles and tools to everyday processes to minimize mind-numbing transaction work and other waste from accounting processes. This improvement releases accounting capacity. This capacity can be applied to impacting the future with a greater focus on customer-based, value adding activities for the organization including evaluating waste reduction and improvement activities.
Accounting and finance team members have a unique understanding of the numbers of a business that others lack. Business leaders desire and need assistance to attain a greater understanding of overall financial impact. This role joins these facts into a new partnership.
As an accounting professional, you can be part of the value add, Lean waste reduction revolution. Get started here.