Description
Cengage Learning Lean Cost Management: Accounting For Lean By Establishing Flow 1St Edition by James R Huntzinger
Lean Cost Management: Accounting for Lean by Establishing Flow Obtaining and developing useful accounting information is required of any manufacturer to disclose information for both internal and external purposes. However, todays accounting systems are inadequate to provide the informational support required to meet these objectives. This book is focused specifically on accounting information for internal purposes and reveals the failure of traditional cost and managerial accounting methods using both a current and historical context. Lean Cost Management demonstrates the importance of the relationship between the physical Lean enterprise and accounting for continued success. It offers a combination of principles, philosophies and technical attributes for a transition to a Lean enterprise and the role cost management plays in this new enterprise. It is a must read for accountants, engineers and operational, business and engineering managers. Features Applies both philosophical and practical applications of superior cost management into the manufacturing enterprise and that a complete change in thinking, physical operations and methods are needed for a successful transformation. Includes a working model of a production factors spreadsheet for tracking value stream costs. Argues that managerial-cost accounting truly should be about designing, executing and improving the business system. Offers 100 years of knowledge and insight, from the fathers of the industrial revolution to todays current experts, on Lean accounting and the Lean enterprise. Illustrates the techniques, principles and philosophies developed by the architects of Toyotas very successful North American operational accounting system. Table of Contents: Chapter 1: Accounting: Where We are and Where We Must Go Chapter 2: Why Traditional Accounting Methods fail Chapter 3: Toyotas Success: Profit Beyond Measure Chapter 4: Execution Chapter 5: Alexander Hamilton Church: His Cost Management