Lean CFO Blog

A Little Bit of Empathy

Posted on November 23rd, 2016 by Nick Katko | No Comments

Even though Lean Accounting has been around about 20 years, there still seems to be this conflict between “the lean people” and “the accounting people” regarding accounting’s role in a lean company. If both groups show a bit of business empathy, the conflict will go away. Simple Definition of empathy: the feeling that you understand

Costs & Time

Posted on November 16th, 2016 by Nick Katko | No Comments

I work as Vice President of a software company. Recently in a senior leadership meeting someone made the statement that we charge higher prices to new clients for our training because our training costs are higher. I asked why that statement was made and the response was “it takes us longer to train new clients.”

Practice Makes Perfect

Posted on November 10th, 2016 by Nick Katko | No Comments

I think one of the difficulties accountants face in understanding Lean Accounting is because we are trained to be “doers” of accounting. Our training & education is about how to perform accounting tasks & functions, from learning the basics of journal entries in Accounting 101 to how to close the month in the company we

Defining Lean Accounting

Posted on November 01st, 2016 by Nick Katko | No Comments

Lean Accounting is applicable to any company, in any industry, that commits to a Lean strategy. I like to define Lean Accounting this way: • Lean Financial Accounting – applying lean practices to accounting processes • A Lean Management Accounting System to support any business that is Lean. I’ve also heard Lean Accounting experts such

Recent Posts
Recent Comments
Archives
Contact Nick
- nkatko@strategicfinancialsolutions.net
- Name*
- Email*
- Phone
- Inquiry*
- Message*
Nick’s Lean Accounting Journey

Nick Katko is one of the early pioneers of Lean Accounting. As a CFO in the 1990’s Nick implemented a complete Lean Accounting System in conjunction with his company’s lean transformation.
Read more

Nick has leveraged this experience along with his strong accounting background to assist companies resolve the real-world issues they face when implementing lean accounting. He facilitated Lean Accounting implementations with a wide range of companies, from multi-national companies such as Boeing, Parker-Hannifin, Novartis and Nestle to privately held family businesses. Nick’s industry experience includes applying lean accounting in manufacturing, engineering, food processing, process manufacturing, publishing, education and health care.

Nick is co-author of The Lean Business Management System; Lean Accounting Principles & Practices Toolkit (2007). Nick’s latest book, The Lean CFO: Architect of the Lean Management System was published in September 2013.

Nick is a Certified Public Accountant and a member American Institute of Certified Public Accountants and holds a BS in Accounting and an MBA in Finance, both from the University of Kentucky.

Useful Links