First Steps to Lean Accounting Statements

Presented By:

Jean Cunningham

Session Abstract:

You want to take action with lean statements, but you may not be ready to get rid of your standard cost system yet. You can still restructure your statements to provide a lean accounting statement presentation in addition to your traditional presentation.

Jean will show you how to reconfigure using the existing trial balance information that will allow you to present the lean Plain English Statement to support your company’s lean efforts. It is also an enlightening activity for the accounting staff towards their understanding of the power of lean. She will also leave plenty of time for questions and interaction.

Jean Cunningham, co-author of Real Numbers and one of the initial thought leaders for lean accounting, is offering some fresh and innovative guidance on how to focus on your company’s true costs and providing information for all employees that is understandable and useful for quality decision-making.

Learning Objectives:

“In this session you will learn…”

  • How to use your trial balance information for the lean statement
  • How to begin your lean cost system transition
  • A practical step forward in your lean transformation

About the Facilitator:

As president of Jean Cunningham Consulting, Jean provides strategic lean guidance, management training, workshops, and kaizen events to a wide range of companies. Her goal is to enable clients to tightly integrate their business functions with lean operations, reduce waste, and maximize customer and product focus. In addition to her extensive consulting schedule, Jean speaks at lean conferences and teaches Lean Accounting for the Ohio State University Master of Business Operational Excellence program.

Jean is the co-author of two books awarded the Shingo Prize for Research: Real Numbers: Management Accounting in a Lean Organization, an essential text for learning Lean Accounting, and Easier, Simpler, Faster: Systems Strategy for Lean IT, a book on the practical application of Lean IT.

Jean is widely recognized for her pioneering work in Lean Accounting, IT, HR and other non-production functions. She is an original thought leader for The Lean Accounting Summit and The Lean HR Summit. Jean is a board member of the Lean Education Advancement Foundation and Automated Packaging Systems. She was the voluntary CFO of the Association of Manufacturing Excellence from 2006-2011.

For over 15 years, Jean was the CFO and VP of Company Services at Lantech, LLC and Marshfield Door Systems, Inc. It was during these tenures that she developed her lean acumen, driving lean from the manufacturing floor into the office functions to include finance, information systems, human resources, telecommunications, and others. Jean was a visionary in broadening the lean vision to establish a continuous improvement culture and one of the first true lean enterprises. Prior to joining Lantech, Jean was a financial professional with Digital Equipment Corporation and Westinghouse, holding a number of senior controllership and treasury positions.

Jean has a BS in Accounting from Indiana University and an MBA from Northeastern University’s Executive Program.