The Lean CFO: Architect of the Lean Management Accounting System

This book is 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 emphasizes that traditional management accounting systems do not provide relevant and reliable information to decision-makers, and the CFO must provide leadership to improve the quality of the information produced by the system. Lean management accounting integrates with a company's lean strategy to improve decision-making and drive long-term financial success.

Format: Paperback / softback
Length: 184 pages
Publication date: 26 January 2023
Publisher: Taylor & Francis Ltd

This book goes beyond the realm of debits, credits, and accounting theory, delving into the critical role of a chief financial officer (CFO) in leading a transformative journey towards a lean management accounting system. In the realm of lean companies, it has become evident that traditional management accounting systems fail to deliver relevant and reliable information to decision-makers, impeding their ability to drive sustainable growth and success. As the steward of a company's management accounting system, the CFO assumes a pivotal role in spearheading the improvement of the information quality, ensuring that it aligns seamlessly with the company's lean strategy, lean operations, and continuous improvement initiatives.

The integration of a lean management accounting system with a company's lean strategy is a game-changer, empowering decision-makers across the board with accurate and timely information. This enhanced decision-making capability not only leads to immediate improvements in operational performance but also fosters long-term financial success. Lean management accounting serves as a powerful tool that empowers users, ranging from executives to line managers, to gain a deeper understanding of the interconnectedness between lean operating performance and financial performance.

Written in a practical and accessible style, The Lean CFO is designed not only for CFOs but for all stakeholders involved in a company's management accounting system. Executives, owners, lean leaders, functional managers, and accounting professionals alike will find valuable insights and strategies within its pages. By embracing the principles of lean management accounting, organizations can unlock their full potential, achieve operational excellence, and propel themselves towards a competitive edge in today's fast-paced business landscape.

Weight: 360g
Dimension: 229 x 152 (mm)
ISBN-13: 9781032302393
Edition number: 2 ed