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Learn Value Stream Reporting In Lean Environments And Why Standard Costing No Longer Works

Wednesday, 30 January 2019  10:00 AM PST, 01:00 PM EST

Training Duration = 60 min                  Sponsored by Online Compliance Panel

Click Here to register $200.00

Click Here to register and receive CD recording $400.00

This webcast will illustrate effective and efficient reporting systems in lean environments. We will discuss the accountant's role in capturing data and reporting to users within lean systems the information needed to make best decisions in a timely fashion.

As companies implement lean approaches in manufacturing, retail and service environments, organizational leaders have realized that the information captured and shared is critical to the success of lean systems.

Learning Objectives:

  • Develop an understanding of lean concepts and terminology
  • Compare and contrast traditional costing systems to value stream techniques used in lean environments
  • Evaluate why standard costing does not work in lean environments
  • Learn how value stream techniques save both time and other resources in your organization
  • List the steps in a value stream process
  • Discuss reporting alternatives in value stream systems and review illustrations

Why Should You Attend:

As lean processes gain recognition and implementation becomes more prevalent, it is important for accounting, human resources and finance professionals to have an understanding of how implementation will impact their roles within the organization.

Areas Covered

  • Overview of lean manufacturing and terminology
  • The accountant's role in gathering information and reporting in lean environments
  • Standard costing versus value stream systems
  • A review of the complete process of value stream systems
  • Reporting in a value stream environment
  • Is a conversion to value stream worth the change?

Instructor

Candace  Leuck is owner of Athena Finance Group, Inc. specializing in strategic planning, distressed entity recovery, valuations, and educational programs. Athena's mission is to pursue and communicate the information clients need. This is accomplished through a cooperative working relationship. Based on solid strategy, the outcome is an expansion of the opportunities of those served.

Candace was associated with Ernst & Young in the tax and then auditing area, serving small, midsized and SEC clients during her tenure. She gained significant experience with various industries including manufacturers, automobile dealerships and securities brokers.

Upon leaving Ernst & Young, Candace pursued and obtained her Masters of Professional Accountancy from Clemson University and proceeded to her career in the educational arena, teaching at Clemson University, Furman University, and the University of North Carolina at Greensboro.

She returned to Clemson in the Fall of 2006 and remained through Spring of 2012. In addition to undergraduate and graduate education, Candace has developed and taught various continuing education courses in both live format and through webcast technology.