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Tag Archives: Standard Cost
Is Your Company’s P&L Report “Un-Lean”?
Find out now. Take this quick quiz: I made an off-the-cuff remark a while back when I said the traditional P&L reports (or “Income Statements”) that are used by most companies in the US and around the world are “Un-Lean.” … Continue reading
Capacity Has Value – Part 1
In manufacturing companies, the term “capacity” typically refers to the aggregate production capabilities of your factory. It’s a bit like your factory’s bandwidth … it defines how much manufacturing can your operations support in a given period of time. Understanding … Continue reading
Posted in Lean Accounting, Performance Measures, Uncategorized
Tagged BMA, Lean Accounting, Nick Katko, Standard Cost, Value Stream Costing
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It’s About Spending, Not Costs – Part 1
During my days as a working CFO, my #1 job was financial review and analysis. I had to explain my company’s financial results to all those reading our financial statements. Like all CFO’s, I had to understand the company’s costs, … Continue reading
Posted in Lean Accounting, Uncategorized
Tagged BMA, BMA Inc., Lean CFO, Nick Katko, Product Costing, Spending, Standard Cost
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