Great Case study Material

Accounting For World Class Operations
by Jerrold M. Solomon and Dr. Rosemary Fullerton

This book is certainly my preferred study guide for Accounting for Lean. Dr. Fullerton and Mr. Solomon emphasize the "why" and "how" behind the "what" of converting traditional cost systems into value stream costing.

At the Lean Accounting Summit this past August in Las Vegas, Nevada, Mr. Solomon and Dr. Fullerton presented the nuts and bolts of Accounting for Lean and the impact on financials. I was hoping they'd mention their book more, but most of their teaching material came from their book anyway.

I highly recommend going through the excellent case studies in the end of the book. They help visualize the transformation from using variances to recording simple metrics that anyone along the value stream can understand. It may be difficult to imagine just how companies are impacted by the conversion to Lean, but this book helps explain how to prepare for the ups and downs of the transfer.