This training will focus on why Lean Accounting is important for manufacturers on a lean journey, the objective of lean accounting, practicing lean accounting and implementing lean accounting



Learn the new methods that Lean companies are using to bring their measurement and accounting processes into line with Lean thinking.

An Introduction to Lean Accounting

Download workshop brochure.

Workshop Overview:

To achieve success, a Lean organisation must develop an effective management accounting function that complements their financial accounting system to provide a sufficient knowledge base to making decisions about the future.

Financial accounting’s focus is on past activity. In this workshop, you will learn how to build and use a Lean management accounting system to make relevant information available to decision makers on a timely basis.

Learning Objectives:

  • Understand how value stream costing simplifies the development of costing information.
  • Understand how to calculate value stream capacity.
  • Understand how to use the box score in business decision making.
  • Gauge the extent to which the problems with traditional accounting are a problem in their own companies.
  • Learn how to develop a plan for eliminating operating and accounting transactions as lean manufacturing is implemented.

Morning Agenda:

  • Why is Lean Accounting Important?

    • Understand the problems of traditional management accounting, control, and measurement systems, and show why Lean Accounting is required.

    Lean Accounting Thinking

    • Learn how organisations and people must change their thinking about the role of accounting to make Lean accounting work

    Practicing Lean Accounting

Afternoon Agenda:

  • Practicing Lean Accounting

    • Measuring the financial impact of Lean
    • Value stream management
    • Lean performance measurements
    • Value stream income statement
    • Lean Decision-making using a Box Score

    Implementing Lean Accounting

    • Creating a Lean Accounting Transformation Plan


  • Value stream managers and Lean professionals who use or develop measures and accounting reports
  • General and senior managers of Lean mature companies.
  • Finance professionals in Lean organisations.
  • This workshop is particularly applicable for those who have no previous understanding of Lean accounting.

Expert Trainer: NICK KATKO

With almost 30 years of Lean and Lean Accounting experience, Nick is an early pioneer of Lean Accounting.

In the 1990’s, as CFO of Bullard, Nick implemented a complete lean management accounting system in conjunction with Bullard’s Lean transformation, which included eliminating standard costing.

Nick is the author of “The Lean CFO” (2013), which has been translated into Turkish and Italian, and co-author of “The Lean Business Management System” (2007).


Nick is a Certified Public Accounting and has a BS in Accounting and MBA in Finance, both from the University of Kentucky.

Venue & Accommodation

Cranage Hall Hotel

Holmes Chapel

Cheshire, CW4 8EW

Overnight accommodation is not included in the registration fee. However, reduced rates at Cranage Hall is £90 including breakfast per room per night.

Please contact the hotel directly on 01477 536666 quoting ‘True North Excellence’ to redeem the accommodation discount.



£ 395

+VAT Per Delegate

  • PAY BEFORE 31st October 2019



£ 495

+VAT Per Delegate

  • BOOKED AFTER 31st October 2019


Early Bird Registration – Register your place before 31st October 2019


Book Online: Click on Book Your Place Now at the top of the page to book tickets using credit and debit cards

Telephone: +44 (0)161 298 5556

Email: Nicola Corocos

Download and complete brochure booking form and post to: True North Excellence Ltd, Smithy Cottage, Stowford, Crewe, Cheshire, CW1 5XP

TERMS AND CONDITIONS: True North Excellence Ltd reserve the right to amend the programme, speakers or venue and alter or cancel the seminar without liability. CANCELLATIONS: Should you be unable to attend, a substitute is always welcome, up to three working days before the event. Refunds will be made up to 30 days before the event in writing, minus a £100 per delegate enrolment fee. Regrettably we do not provide refunds less than 30 days before the seminar.