Lean Accounting Guidebook (CPE Course)
CPE Credit: 14 hours
Course Type: Downloaded PDF materials with online test
Price (with PDF Textbook): $65
The Lean Accounting Guidebook reveals how to streamline the accounting department with over 150 improvement tips for billing, collections, cost accounting, fixed assets, payables, payroll, and more. The course describes how to use value stream mapping, flow charting, traffic analysis, and measurement systems to decide which changes to make, including discussions of how to maximize the value created by the various improvements. There are review questions and answers at the end of every chapter, as well as links to relevant podcast episodes.
Author: Steven Bragg
Course Number: AC1069
Table of Contents
Chapter 1. Overview of Lean Accounting
Chapter 2. Lean Customer Billing
Chapter 3. Lean Cash Receipts
Chapter 4. Lean Accounts Payable
Chapter 5. Lean Payroll
Chapter 6. Lean Financial Statements
Chapter 7. Lean Credit Management
Chapter 8. Lean Collections
Chapter 9. Lean Inventory Accounting
Chapter 10. Lean Cost Accounting
Chapter 11. Lean Fixed Asset Accounting
Chapter 12. The Lean General Ledger Environment
Chapter 13. The Lean Approach to Budgeting
Chapter 14. Lean Filing
Chapter 15. Lean Controls and Procedures
- Cite the tools used to create a lean accounting system.
- Identify the techniques used to reduce billing problems.
- Note the steps in the processing of cash receipts.
- Cite the techniques used to streamline the processing of payables.
- Note the methods available for creating a leaner payroll process flow.
- Recognize the revisions used to accelerate the closing process.
- Cite the types of protections available for mitigating credit losses.
- Recognize the tools used to manage the collections function.
- Note the methods used to increase inventory record accuracy.
- State the types of traditional cost accounting reports, and the situations in which these reports can be used or avoided.
- Recognize the characteristics of lean production environments, pull systems, and bottleneck-focused systems.
- Note the situations in which work-in-process tracking is not required.
- Cite the effects of interest capitalization and the capitalization limit on fixed asset recordation.
- State the effects of an acquisition on the general ledger.
- Recognize the arguments favoring a reduction in the number of general ledger accounts.
- Recognize the methods used to streamline and verify the budget model.
- Cite the situations in which separation of duties is needed.
- Describe how the outlier analysis concept can be used.
- Recognize how controls can fail in special situations, such as during acquisitions, employee turnover, and rapid growth.
- Note the techniques available for minimizing employee movement within the accounting department.
- Recognize the available solutions for minimizing record mis-filings and locating missing records.
- Identify the situations in which weak controls are acceptable.
Instructional Method: QAS Self-Study
NASBA Category: Accounting
Advance Preparation: None
Program Registration Requirements: Click on "Purchase Course" near the top of this page to pay for and access the course. You will then be able to download the course as a PDF file, then take an on-line examination, and then download a certificate of completion if you pass the examination.
Program Refund Policy: For more information regarding administrative policies concerning complaints, refunds, and other matters, see our policies page.
AccountingTools, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
The NASBA sponsor identification number for Accountingtools, Inc. is 115881.
AccountingTools is an IRS Approved Continuing Education Provider. We are compliant with the requirements for continuing education providers (as described in sections 10.6 and 10.9 of the Department of Treasury’s Circular No. 230 and in other IRS guidance, forms, and instructions). Our IRS Approved Continuing Education Provider number is 72821.