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Accounting Fundamental: A Beginner’s Guide

In this course, we explore the world of lean accounting and its purpose. We also examine the benefits of lean accounting in optimising business processes and gaining a complete understanding of how to measure its performance confidently. Additionally, we discuss the significance and numerous benefits of process improvement as well as customer value. We then […]

Instructor GMN Academy Team
Updated January 10, 2024

About Course

In this course, we explore the world of lean accounting and its purpose. We also examine the benefits of lean accounting in optimising business processes and gaining a complete understanding of how to measure its performance confidently. Additionally, we discuss the significance and numerous benefits of process improvement as well as customer value. We then explore the process of streamlining accounting transactions in lean accounting.

In this course, we learn about the role, impact, and benefits of lean accounting. We then explore the philosophy, principles, and objectives behind measuring lean performance. Additionally, we discuss the strategies for measuring lean performance and the critical factors involved. We also examine how to improve flow by eliminating constraints and implementing lean accounting tools.

The course also explains how to use the value stream profit and loss account, and explores the purpose of the box score example. We also discuss the power of enhancing processes by understanding the structure of transaction elimination and its impact. Furthermore, we will assess your organisation’s customer value focus, with lean accounting aiding in this pursuit.

We then discuss why planning by value stream and utilising lean accounting can aid in investment planning. We identify the integration of lean accounting with the theory of constraints and throughput accounting, as well as explain what ‘throughput accounting’ is and how it affects overall performance. This course is ideal for any individual who likes to learn about lean accounting and its importance in performance improvement. So why wait? Start your learning journey today.

 

Certificate
All GMN courses are easy to enrol, study, and complete. To successfully complete this Diploma course and become a GMN Academy Graduate, you need to achieve 75% or higher in each course assessment. Once you have completed this Diploma course, you have the option to acquire an official Diploma which is a great way to share your achievement with the world.

Your GMN Academy Diploma is/can:
Ideal for sharing with potential employers.
Be included in your CV, professional social media profiles and job applications.
An indication of your commitment to continuously learn, upskill & achieve high results.
An incentive for you to continue empowering yourself through lifelong learning.

GMN Academy offers 3 types of Diplomas for completed Diploma courses:
Digital Certificate: a downloadable Certificate in PDF format immediately available to you when you complete your purchase.

Certificate: a physical version of your officially branded and security-marked Certificate, posted to you at a shipping cost.

Framed Certificate: a physical version of your officially branded and security marked Certificate in a stylish frame, posted to you at a shipping cost.

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What Will You Learn?

  • Accounting
  • Financial Accounting
  • Lean
  • Basic Accounting
  • Performance Management
  • Explain the philosophy behind lean accounting
  • Describe the process by which performance measures are implemented
  • Explain what streamlined accounting transactions are and how streamlined eliminations work
  • Outline the impact, benefits, and other benefits of process improvement
  • Explain lean accounting's role in driving growth and maximizing customer value
  • Summarise how to improve flow by eliminating constraints and using lean performance measures
  • Analyse the method of value stream planning

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