The Lean CFO

by Nicholas S. Katko

This book is not about debits, credits, or accounting theory. It’s about how a chief financial officer (CFO) becomes a Lean CFO to lead the transformation of a company’s management accounting system into a lean management accounting system. It’s been well established in lean companies that traditional management accounting systems do not provide relevant and reliable information to decision makers. The CFO, as steward of a company’s management accounting system, must provide the leadership to improve the quality of the information produced by a company’s management accounting system so it is aligned with a company’s lean strategy, lean operations, and continuous improvement. The integration of a lean management accounting system with a company’s lean strategy will lead to improved decision making by all users and drive long-term financial success. Lean management accounting helps all users, from executives to line managers, better understand the relationships between lean operating performance and financial performance. Written in the style of a practice guide, The Lean CFO is written not just for CFOs, but for all stakeholders of a company’s management accounting system, such as executives and owners, lean leaders, functional managers, and accounting professionals.

194 pages, Paperback

Published February 3, 2023

Reviews

[Нестор · Rating 4 out of 5]

Книга, конечно, очень сильная в том что касается пропаганды бережливого производства также изаестного как лин.

Автор размахивает такими лозунгами и флагами, как
* люди превыше всего,
* расчёт стандартной себестоимости не нужен,
* в ERP нужны только два процесса (если вам интересно, то это - приход материала и отгрузка продукта клиенту),
* и прочими умными вещами, которые не очень привычны классическому CFO.

Но...

Мой личный опыт (в отличие от настойчивых рекомендаций автора так не делать) вполне позволял совместить внедрение лин-практик производства с со стандартным костингом и полновесным ERP. Да и множество других вещей по мнению автора несовместимых с лин в "Реемтсма Украина" были внедрены вместе с этим самым лин на очень высоком уровне и вместе давали результат не один год.

Было время...

Возвращаясь к книге, читать рекомендую, но осторожно.

[Woody Rousseau · Rating 4 out of 5]

It’s quite hard for me to rate and review this book.

On the one hand, it contains ground breaking insights on how finance can really enable a lean strategy : mostly by helping different systems measuring the rights KPIs to make the right decision, as well as by highlighting what is value, what is necessary waste and pure waste.

On the other hand, the writing style is not great and the last few chapters really apply to manufacturing although the promise of this second edition was to provide industry neutral examples.

Still a must read for people wanting to get involved in finance and lean