Call Us: (859) 396-5988
☰
  • Home
  • About
  • Services
  • The Lean CFO by Nick Katko
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

Read More...

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.”

Read More...

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

Read More...

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

Read More...

  • Recent Posts

    • The Matching Principle and the Value Stream Income Statement
    • Lean Decision Making: Production Cost Analysis
    • Lean Decision Making: Material Cost Analysis
    • Lean Decision Making Framework: General Guidelines
    • Creating a Value Stream Income Statement
  • Recent Comments

    • Archives

      • July 2017
      • March 2017
      • February 2017
      • January 2017
      • December 2016
      • November 2016
      • October 2016
      • September 2016
    • Contact Nick

      • nkatko@strategicfinancialsolutions.net
    • 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.

      amazon--buy-now

    • Useful Links

      AICPA Logo

      IRS e-file logo

      QuickBooks Pro Advisor logo

      KYCPA Logo

      NSSA-Logo

      Kentucky Refunds

      Social Security Administration

      IRS Where

    • © Copyright 2023 Strategic Financial Solutions - 971 Cooper Drive
 Lexington, KY 40502
    • 859-396-5988 | nkatko@strategicfinancialsolutions.net