This course is split into two parts. This is part 2

The purpose of management accounting is to support decision-making and performance management in an organization.

As accountants, therefore, we must have a wide range of tools and techniques that we can use to support the needs of our organizations. Throughput accounting and lean accounting are both examples of flow accounting that provide tools for process-orientated organizations.

Throughput Accounting is designed to support management accounting in organizations that are implementing the tenets of the theory of constraints.

Lean accounting, like throughput accounting, focusses on improving the flow of work through a business process and provides a variety of flexible tools to measure, manage, and improve performance.

This course covers the theory of constraints, throughput accounting, and lean accounting to give learners a thorough grounding of the main issues. Topics covered include:

• What is the Theory of Constraints?
• What is Throughput Accounting?
• The Performance Measures of Throughput Accounting
• What is Lean Accounting?
• The Seven Aims of Lean Accounting
• Lean Performance Measures
• Performance measures and decision-making in Lean Accounting
• Accounting Transactions in Lean
• Throughput Accounting, Lean Accounting, and Financial Statements

There is a lot to cover, and I have made it as clear and accessible as possible. Other than an interest in business finance and performance management, there are no pre-requisites for this course. I hope you enjoy it.