Table of Contents
Chapter 1 - Overview of Lean Accounting
Issues that Interfere with a Lean Department
The Failure of Lean Initiatives
Chapter 2 - Lean Customer Billing
Analysis of Billing Processing
Invoice Creation at Delivery Point
Invoice Creation at Shipping Dock
General: Pricing Simplification
Analysis of Lean Billing Processing
Additional Improvement Concepts
Chapter 3 - Lean Cash Receipts
Check Receipts Processing, Basic Process
Analysis of Check Receipts Process
Lean Check Receipts Processing (with Lockbox)
Analysis of Lean Check Receipts Process (with Lockbox)
Lean Check Receipts Processing (without Lockbox)
Conduct Daily Bank Reconciliation
Analysis of Lean Check Receipts Process (No Lockbox)
Analysis of Cash Receipts Process
Credit Card Receipts Processing
Analysis of Credit Card Receipts Process
Lean Credit Card Receipts Processing
Enter Information in On-line Form Immediately
Analysis of Lean Credit Card Receipts Process
Chapter 4 - Lean Accounts Payable
Analysis of Supplier Invoice Processing
Lean Supplier Invoice Processing Complete
Replacement
Analysis of Lean Supplier Invoice Processing
Lean Supplier Invoice Processing Incremental
Improvement
General: Centralize Accounts Payable
General: Vendor Master File Examination
General: Supplier Naming Convention
Analysis of Lean Supplier Invoice Processing
Analysis of Check Payment Processing
Supplier Payment Processing, Lean Approach
Analysis of Lean Supplier Payments Processing
Additional Improvement Concepts
Analysis of Payroll Data Collection
Convert Hourly to Salaried Pay
Automated Time Tracking Reminders
Analysis of Lean Payroll Data Collection
Commission Processing Analysis
Commission Plan Simplification
Incentive Compensation Management Software
Analysis of Lean Commission Processing
Payroll Data Entry by Employees
Payroll Data Entry by Managers
General: Prohibition of Employee Advances
General: Prohibition of Reimbursements through Payroll
General: Reduction of Pay Deductions
General: Combine Payroll Systems
Analysis of Lean Payroll Processing
Analysis of Employee Payment Processing
Lean Employee Payment Processing
General: On-line Access to W-2 Forms
Analysis of Lean Employee Payments
Additional Improvement Concepts
Chapter 6 - Lean Financial Statements
How Financial Statements are Usually Produced
The Production of Financial Statements
Analysis of Financial Statement Production
Alter Overhead Allocations Early
Accelerate Depreciation Calculations
Standardize the Accounting System
Centralize the Accounting System
Mitigate Information Dependencies
Reduce the Financial Statements
Collect Report Information Early
Analysis of Lean Financial Statements
Financial Statement Measurements
Chapter 7 - Lean Credit Management
The Credit Management Environment
Complete Information Gathering
Shift Risk to Credit Insurance
Analysis of Lean Credit Management
Additional Improvement Concepts
Traditional Collections Process
Payment on Receipt by Customers
Focus on Large Dollar Invoices
Increase Collection Staff Efficiency
Problem Resolution Working Group
Additional Improvement Concepts
Chapter 9 - Lean Inventory Accounting
The Inventory Accounting Environment
Traditional Inventory Accounting
Analysis of Inventory Accounting
Transaction Backlog Elimination
Bar Coded Inventory Transactions
Lower of Cost or Market Limitation
On-Site Inventory Ownership by Suppliers
Analysis of Lean Inventory Accounting
Additional Improvement Concepts
Chapter 10 - Lean Cost Accounting
The Cost Accounting Environment
Traditional Cost Accounting Variance Analysis
Traditional Cost Accounting Job Costing
Traditional Cost Accounting Inventory Valuation
Traditional Cost Accounting Margin Reports
Cost Derivation with Backflushing
Terminate Materials Usage Tracking
Cell-Level Measurement Systems
Analysis of Lean Cost Accounting
Additional Improvement Concepts
Chapter 11 - Lean Fixed Asset Accounting
The Fixed Asset Accounting Environment
Traditional Fixed Asset Accounting
Analysis of Fixed Asset Accounting
Minimum Number of Asset Classes
Minimum Limit on Salvage Values
Interest Capitalization Avoidance
Analysis of Lean Fixed Asset Accounting
Chapter 12 - The Lean General Ledger Environment
The General Ledger Environment
Analysis of the General Ledger Environment
The Lean General Ledger Environment
Standardized Chart of Accounts
Analysis of the Lean General Ledger Environment
Analysis of the Budgeting Environment
A More Lean Approach to Budgeting
Analysis of the More Lean Approach to Budgeting
Capital Budgeting without a Budget
Analysis of the Ultimate Lean Budget
The Traditional Filing Environment
Analysis of the Filing Environment
Individual Folder Creation Policy
Document Consolidation and Clarification
Analysis of the Lean Filing Environment
Chapter 15 - Lean Controls and Procedures
The Genesis of Accounting Controls
The Proper Balance of Control Systems
The Failings of Internal Controls
Special Case Employee Turnover
The Number of Procedures to Develop
Final Examination
.240