The purpose of management accounting is to support decision-making and performance management in an organization. Lean Accounting is an approach to contribution costing, which focuses on business processes and calculates the contribution to corporate profits of each process or value stream. Lean Accounting is designed to support the lean management philosophy, which is about optimizing each business process. Therefore, Lean Accounting focuses on improving the flow of work through a business process. It provides a variety of flexible tools to measure, manage, and improve performance.

This course gives learners a thorough grounding in the main issues in Lean Accounting.

Topics covered include:

• What Is Lean?
• What Is Lean Accounting?
• The Seven Aims of Lean Accounting
• Lean Performance Measures
• Performance Measures and Decision-Making in Lean Accounting
• Streamlining Accounting Transactions in Lean Accounting
• Using Lean Accounting to Highlight the Benefits of Process Improvement

The course also contains an appendix giving a brief overview of the Theory of Constraints and Throughput Accounting. Throughput Accounting is an approach to management accounting designed to align with the philosophy of the Theory of Constraints.