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Dynamics of Profit-Focused Accounting - Attaining Sustained Value and Bottom-Line Performance (Hardcover)
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Dynamics of Profit-Focused Accounting - Attaining Sustained Value and Bottom-Line Performance (Hardcover)
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This easy-to-understand reference 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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