The Lean CFO

This book is not about debits, credits, or accounting theory. Its about how a chief financial officer (CFO) becomes a Lean CFO to lead the transformation of a companys management accounting system into a lean management accounting system. Its been well established in lean companies that traditional management accounting systems do not provide relevant and reliable information to decision makers. The CFO, as steward of a companys management accounting system, must provide the leadership to improve the quality of the information produced by a companys management accounting system so it is aligned with a companys lean strategy, lean operations, and continuous improvement. The integration of a lean management accounting system with a companys lean strategy will lead to improved decision making by all users and drive long-term financial success. Lean management accounting helps all users, from executives to line managers, better understand the relationships between lean operating performance and financial performance. Written in the style of a practice guide, The Lean CFO is written not just for CFOs, but for all stakeholders of a companys management accounting system, such as executives and owners, lean leaders, functional managers, and accounting professionals.