Item description for Dynamics of Profit-Focused Accounting: Attaining Sustained Value and Bottom-Line Improvement by C. Lynn Northrup...
This easy-to-understand reference helps you bridge the GAAP to Lean accounting. It articulates the best attributes of Lean manufacturing, Six Sigma, Theory of Constraints, balanced scorecard, activity-based management, and other world-class management philosophies in a single text. It provides simplified applications of the balanced scorecard and activity-based management as tools and enablers for use with throughput accounting and illustrates a new business, accounting, and reporting model that utilizes the components of throughput accounting for application with Six Sigma and lean manufacturing programs.
Organizations using traditional accounting systems and concepts have difficulty coping with the speed and acceleration created by lean programs. The author's profit-focused accounting approach will enable organizations to accurately measure and report the results of Lean Six Sigma efforts on a monthly basis. Dynamics of Profit-Focused Accounting does not suggest throwing out existing accounting systems or generally accepted accounting principles, but rather shows you how to bridge the GAAP to a Lean accounting system. It also presents advanced concepts and methodologies that encompass corporate performance management and provides the tools and techniques to use these concepts to increase profit, create value, and build a solid foundation for the future. This book is a must-read for manufacturing managers, executives, financial managers, cost and management accountants, and controllers.
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Est. Packaging Dimensions: Length: 0.75" Width: 6" Height: 9" Weight: 1.15 lbs.
Publisher J. Ross Publishing
ISBN 1932159223 ISBN13 9781932159226
Reviews - What do customers think about Dynamics of Profit-Focused Accounting: Attaining Sustained Value and Bottom-Line Improvement?
For once a practical summary I can use! Jan 5, 2005
I found this publication very informative as in a single source, I was able to read about all of the productivity methods and measurement tools in the marketplace. As a novice to concepts like Six Sigma and activity based costing, it was a great to find in a few pages an explanation and practical implementation tips for these concepts and more. Starting with the overall history in this marketplace and then moving quickly into practical guidance, the author displayed a great command of the topics. I also saw how he blended the productivity measures to create a more meaningful accounting of a business operations....I just wish more companies took this approach.
Theories that work in the real world. Nov 14, 2004
With over forty years of experience in helping dozens of companies to become more profitable, the author gives us the fruits of that experience by cutting through many of the extraneous elements of traditional accounting methods. Being competitive has always been about change and adapting to new paradigms. This books and its theories are a "next generation" of principles that move accounting systems into the next century. Just don't tell your competition about it.
A Lean Manufacturing must read Nov 5, 2004
Lynn's book provides a very good overview of the methodologies being used today to improve corporate performance. We have suggested the use of this book to several of our clients so that performance improvements resulting from Lean Manufacturing and Lean/Six Sigma implementation can be accurately measured and tracked. Larry Steele - Steele Consulting Group
A double fist pump Oct 23, 2004
A very substantive and motivating read. Lynn did a great job of capturing me while showing me the way to how corporate performance managment will take place in the 21st Century. The material is integrated and very useful.
At Last, An Accounting System for Lean Manufacturers! Aug 16, 2004
Operating a lean manufacturing facility is much different than a traditional order launched batch based operating system. The concept of eliminating all non-value adding activites while producing only customer demand flies in the face of the standard cost absorbtion based cost accounting systems used today. Not only does his book discuss the challenges of Lean to GAAP accounting systems, Mr. Northrup desribes alternative accounting methods and the ways to implement them within the guidelines of GAAP. This is a must read for the Lean Manufacturer!