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Nick Katko, Owner and President of BMA, joined Jamie Flinchbaugh on the People Solve Problems podcast to discuss lean accounting systems and their role in problem-solving. With over 30 years of experience in practicing lean accounting, Nick coaches companies on how to leverage these systems to improve their operations and decision-making processes. Nick explained that lean accounting is more than just debits and credits; it's a comprehensive system that encompasses both financial and management accounting. In the financial accounting realm, lean accounting focuses on creating continuous improvement within the accounting function itself, eliminating waste and boosting productivity. On the management accounting side, it's about transforming the information used to run the business, ensuring it's relevant and reliable for lean operations. The conversation highlighted how traditional management accounting practices have largely fallen by the wayside, but lean accounting is bringing them back in a more effective form. Nick pointed out that as companies became leaner in their operations, they realized that traditional management accounting information wasn't helpful for decision-making in a lean environment. This realization led to the development of lean accounting systems. One of the key aspects Nick emphasized was the importance of thinking about lean accounting as a system rather than just an exercise. It involves people, analysis, decision-making processes, and operational practices, all working together to establish cause-and-effect relationships. Nick stressed that improving financial performance requires operational changes, and lean accounting provides the tools to make these connections. The discussion touched on the role of lean accounting in both problem identification and problem-solving. Nick explained that it depends on the situation - sometimes you start with a problem in the numbers and need to find the operational root cause, while other times you're making operational improvements and need to quantify the financial impact. He emphasized the importance of understanding operational performance and making connections beyond just the financial figures. Nick also addressed the common dilemma of "hard" versus "soft" savings in continuous improvement programs. He explained how lean accounting avoids the pitfall of soft savings by focusing on tangible outcomes, such as time saved, and then exploring how that time can be utilized to create value. When it comes to initiating a lean accounting transformation, Nick noted that it often starts with operational and continuous improvement teams, followed by small business owners, and then finance people. He stressed the importance of finance teams developing a learner's mindset and being open to understanding lean principles and their potential financial impact. For organizations considering a lean accounting journey, Nick outlined a general approach: start with education for key stakeholders, conduct a pilot project to prove the concept, develop standard work, and then replicate the process across the organization. He emphasized that it's an ongoing journey of improvement, not a one-time implementation. To learn more about lean accounting and its applications, Nick Katko has authored "The Lean CFO" and co-authored "Practicing Lean Accounting." Those interested in connecting with Nick can visit www.maskell.com or find him on LinkedIn.
We have a giant 75th episode, the Creeps finally try Hill and Hollow on the show after wanting to showcase them for years. This lovely family's food truck is renown for its fresh, creative, and super local treats. To find them, visit Facebook.com/hillandhollowwv/ for schedules and more info. We found them at our latest visit to the Bridgeport Farmer's Market. Here's what we tried:Ramp hummus made portable on pita with salad greens, tzatziki sauce, and the best feta crumble ever; and a West Virginia style hot dog made with a quarter pound beef hot dog, mustard, creamy slaw, and a bison chili. For real.Then, Kelsey tells the tale of a classic case from Iowa in the 70s, in which a gun trap was set to go off in an uninhabited structure (or inhabited if you agree there's ghosts) on the Briney property, which was triggered to hit Katko when he entered it.Also, the Creeps talk about odd birthdays, The Frighteners being a masterpiece, and leaving a clean plate. Matt cries about lack of biscuits, Kelsey tried ramps for the first time ever, seriously go look up what a ramp is, you don't want to live your whole life never trying one. Kelsey makes the Editor laugh with yet another D&D reference.
(WATCH THIS EPISODE ON YOUTUBE) Humans have been digging moats, slingshotting arrows, poisoning food, and laying spikes for thousands of years — and modern day booby traps are still alive and well. But what do an Indiana Jones-inspired hot tub contraption and a haunted house's 20-gauge shotgun have in common? Vengeance. This episode starts the engine for Episode 24's deep dive into self-defense, "Stand Your Ground" laws, defense of property, and the Castle Doctrine. But first, listen to Reb pick up tibia bones and shotgun pellets off the floor in Katko v. Briney (1971). *** Follow @RebuttalPod on Instagram and Twitter! Follow @Rebmasel on TikTok, Instagram, and Twitter! Learn more about your ad choices. Visit megaphone.fm/adchoices
Episode page with video, transcript, and more My guest for Episode #492 of the Lean Blog Interviews Podcast is Nick Katko, previously here in Episode 428 in 2021 with his co-author Mike DeLuca talking about their book Practicing Lean Accounting. Today, Nick is here to discuss his book, The Lean CFO: Architect of the Lean Management Accounting System — now in its second edition — released back in February. Nick also did a webinar earlier this year as part of the KaiNexus Continuous Improvement webinar series. For over 20 years, Nick has worked at BMA, assisting clients in Lean management implementation by working closely with them to resolve the real-world issues they face. He holds a BS in accounting and an MBA in finance, both from the University of Kentucky, and is a certified public accountant. Questions, Notes, and Highlights: What makes a CFO a “Lean CFO”? Are there “degrees of Lean CFO”?? Are there some wrong things to measure? Things we should start measuring? Viewing inventory as an asset? How does inventory reduction trip us up potentially? What is “lean management accounting”?? Robbing Peter to pay Paul – ending that via Lean causes a problem then? Is there a way to ease your way out of that? Reducing inventory is an outcome of better processes? Is it better for Lean to be part of a growth strategy? Chapter 3 – “Lean is the strategy” — are you hearing that more often? Are they walking the talk?? How common is this? “Knowing what's possible” when you have experience with Lean – and the emotions people feel, regret? The virtuous cycle of using CI to drive CAPACITY (instead of cost reduction)? The Lean CFO: Architect of the Lean Management Accounting System — What's different in the 2nd edition? Tell us about your new BMA Lean Accounting Certification Program… The podcast is sponsored by Stiles Associates, now in its 30th year of business. They are the go-to Lean recruiting firm serving the manufacturing, private equity, and healthcare industries. Learn more. This podcast was also brought to you by Arena, a PTC Business. Arena is the proven market leader in Cloud Product Lifecycle Management (PLM) with over 1,400 customers worldwide. Visit the link arenasolutions.com/lean to learn more about how Arena can help speed product releases with one connected system. This podcast is part of the #LeanCommunicators network.
In this episode, we explore how Process Mining has revolutionized the way MOL Group analyzes and optimizes their business processes. Discover how they leverage Process Mining techniques to gain deep visibility into their operations, identify bottlenecks, and drive continuous improvement. Andras Katko will share practical strategies, challenges, and successes from the implementation of Process Mining at MOL Group, offering valuable lessons and insights for businesses of all sizes.Follow us on our LinkedIn page here: LinkedInLearn more about what we do at Processand here: Processand
Tässä Nolotila-jaksossa Ville kertoo nolon kokemuksen siitä, miten sähköt menivät yllättäen poikki ja ratkaisu löytyi Villelle täysin uudesta paikasta – sulakekaapista. Muutenkin puheissa tällä kertaa tekniset asiat, kuten ruuvinvääntimen koko sekä Tomin voimaantuminen. Tarjolla siis outoja uutisia ja noloja tilanteita Antin, Tomin ja Villen seurassa.Insta: @nolotila_podcastTikTok: @nolotilaÄänessä: Antti Akonniemi, Ville Kormilainen ja Tomi Haustola.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
This week's guest is Nick Katko. Ron and Nick discussed the importance of leveraging Lean Accounting, Nick's book "The Lean CFO," and more. An MP3 audio version of this episode is available for download here. In this episode you'll learn: The quote Nick likes (2:55) His background (3:51) Why lean accounting matters (6:37) The ramifications of a cost accounting system (8:07) Why he wrote the second edition (11:36) Why The Box Score matters (13:21) Financial performance vs. results (15:01) What "true north" means in lean accounting (16:42) Why he added value stream management (19:35) Nick's perspective on TOC (27:03) Practical tips for getting started (28:10) Podcast Resources Right Click to Download this Podcast as an MP3 Nick on LinkedIn The Lean CFO GA 399 | Practicing Lean Accounting with Mike De Luca and Nick Katko Get All the Latest News from Gemba Academy Our newsletter is a great way to receive updates on new courses, blog posts, and more. Sign up here. What Do You Think? Describe your experience with Lean Accounting.
Na Čvek ob Matchi sem povabila slovensko vplivnico Katjo Bogataj, ki skupaj z ženo Katko ozavešča o istospolnih skupnostih. Punci sta zgled marsikateremu paru in tudi zaradi njiju je v Slovenji čedalje večja ozaveščenost na področju istospolnih parov in pa tudi starševstva, saj sta s pomočjo umetne oploditve postali mamici hčerkice. O temi istospolnih skupnosti, kakšna je danes zakonodaja na tem področju v Sloveniji pa tudi o možnostih posvojitve in biomedicinske pomoči sva govorili v tokratnem Čveku ob Matchi. Po poslušanju podkasta se lahko z nama povežeš tudi na Instagramu: ►https://www.instagram.com/malincanastja/ ►https://www.instagram.com/mrsbogataj/ Če imaš vprašanja, mi lahko vedno pišeš na nastja.kramer@malinca.si.
Colours of UniTurku introduces KATKO, the organisation uniting Educational Sciences students at the University of Turku. #utuambassador Almira Yausheva and a member of KATKO Veera Rautio talk about what KATKO is and what activities they do together. Veera also shares a funny story about the wrong delivery place and how it united the members together! Colours of UniTurku is a podcast by international student ambassadors of the University of Turku, introducing the unique student life and colourful student organisations in Turku, Finland. > Read the podcast as text: https://www.utu.fi/en/study-at-utu/colours-of-uniturku-podcast/Bright-Red-KATKO > Colours of UniTurku website: https://www.utu.fi/en/study-at-utu/colours-of-uniturku-podcast > University of Turku website: https://www.utu.fi/en > University of Turku Instagram: https://www.instagram.com/uniturku/ > University of Turku Student Life blog: https://blogit.utu.fi/studentlife/ > KATKO website: https://katkolla.com/ > KATKO Instagram: https://www.instagram.com/katkory/ > KATKO Facebook: https://www.facebook.com/katko.ry
Video and more Presented by Nick Katko Lean is a long-term business strategy, primarily focusing on employees and learning. Through various continuous improvement practices, employees learn to master their work, solve the right problems and help an organization learn how to do things tomorrow it cannot do today. The operational impact of continuous improvement is well known. Eliminating waste creates capacity, which can be used to serve customers better, improve productivity and improve employee satisfaction. But what about the financial impact? Oftentimes conventional financial analytical practices do not capture the true financial benefits of continuous improvement. This becomes a “problem to be solved.” This webinar will explain how to make the true cause-effect relationships between continuous improvement and financial improvement visible throughout the organization. Integrating these relationships will improve the quality of business decision-making and leverage continuous improvement for financial success for the entire organization. In this webinar, you will learn: the numbers to establish the true cause-effect relationships between continuous improvement and financial improvement. how to use the economics of lean to calculate the financial benefit of continuous improvement how continuous improvement achieves cost reduction over time why certain conventional financial analyses can show that continuous improvement is “not working” financially Nick is the President and owner of BMA. Since 2002, Nick has leveraged his Lean Accounting experience and philosophy in assisting BMA clients in developing, leading, and coaching them in their Lean Accounting transformations. Clients Nick has served a range of organizations worldwide, from family-owned businesses to multi-national companies in industries such as manufacturing, healthcare, software, engineering, and service. Nick is an early pioneer of Lean Accounting. In the 1990s, as CFO of Bullard, Nick implemented a complete lean management accounting system in conjunction with Bullard's Lean transformation, which included eliminating standard costing. Nick is a regular speaker at the annual Lean Accounting Summit and has also presented at conferences in the United States, Europe, Asia, and Australia. Nick has written extensively on lean accounting. He is the author of “The Lean CFO – 2nd edition” (2023), which is an updated version of the 2013 publication “The Lean CFO.” The Lean CFO has been translated and published in Turkish and Italian. Nick co-authored “Practicing Lean Accounting” (2021), which has also been published in Italian.
John Katko on the Campbell Conversations.
Rádio Kiss přináší nejlepší tipy ze světa filmů a seriálů. Co nám, Katko, doporučuješ?
Če si organiziran, motiviran in zagret kot je Toni Vencelj, potem se tudi na najtežjih tekaških preizkušnjah na svetu lahko kosaš z najboljšimi. Ali pa si - najboljši! O neverjetnih podvigih v Afriki na puščavskih maratonih sva spregovorila, pa o večdnevnih prečenjih evropskih alpskih verig, o slovenski planinski poti in seveda usklajevanju teka s številnimi obveznostmi, ki jih ima! Kdaj bo naskakoval rekord SPP, kako mora trenirati za presežke, kaj obžaluje pri svoji tekaški poroki s Katko, zakaj mu je pivo ljubše od cvička pa še mnogo zanimivih in zabavnih detajlov - sproščena debata o neverjetnih dosežkih in velikih načrtih.
Rádio Kiss přináší nejlepší tipy ze světa filmů a seriálů. Co nám, Katko, doporučuješ?
Rádio Kiss přináší nejlepší tipy ze světa filmů a seriálů. Co nám, Katko, doporučuješ?
Rádio Kiss přináší nejlepší tipy ze světa filmů a seriálů. Co nám, Katko, doporučuješ?
Rádio Kiss přináší nejlepší tipy ze světa filmů a seriálů. Co nám, Katko, doporučuješ?
Rádio Kiss přináší nejlepší tipy ze světa filmů a seriálů. Co nám, Katko, doporučuješ?
Rádio Kiss přináší nejlepší tipy ze světa filmů a seriálů. Co nám, Katko, doporučuješ?
The Washington Post's Jacqueline Alemany, anchor of The Early 202 newsletter, speaks with Rep. John Katko (R-N.Y.), ranking member of the House Homeland Security Committee Rep. John Katko, about the latest cybersecurity concerns regarding Russia and looks ahead to the State of the Union address.
Rádio Kiss přináší nejlepší tipy ze světa filmů a seriálů. Co nám, Katko, doporučuješ?
Rádio Kiss přináší nejlepší tipy ze světa filmů a seriálů. Co nám, Katko, doporučuješ?
Rádio Kiss přináší nejlepší tipy ze světa filmů a seriálů. Co nám, Katko, doporučuješ?
Rádio Kiss přináší nejlepší tipy ze světa filmů a seriálů. Co nám, Katko, doporučuješ?
Rádio Kiss přináší nejlepší tipy ze světa filmů a seriálů. Co nám, Katko, doporučuješ?
Rádio Kiss přináší nejlepší tipy ze světa filmů a seriálů. Co nám, Katko, doporučuješ?
The following political analysis is from Business-Industry Political Action Committee (BIPAC) Senior Political Analyst Jim Ellis. BIPAC is an independent, bipartisan organization. It is provided solely as a membership benefit to the organization's 200-plus member companies and trade associations. The views and opinions expressed do not necessarily represent those of any particular member or organization.
Today's guest is Nick Katko. Nick is the President and owner of BMA. For over 30 years, Nick has leveraged his lean accounting experience and philosophy in assisting BMA clients in developing, leading, and coaching them in their lean accounting transformations. Nick has worked with companies around the world, from family-owned businesses to multi-national companies, in industries such as manufacturing, healthcare, software, engineering, and service. Nick is an early pioneer of lean accounting. In the 1990's, as CFO of Bullard, Nick implemented a complete lean management accounting system in conjunction with Bullard's lean transformation, which included eliminating standard costing. Nick is a regular speaker at the annual Lean Accounting Summit and has also presented at conferences in the United States, Europe, Asia, and Australia. Nick is co-author of “Practicing Lean Accounting” (2021) and author of “The Lean CFO” (2013), which has been translated into Turkish and Italian, and is a regular contributor to The Journal of Cost Management. Connect with Nick: LinkedIn Nick's Company: Maskell.com
Re-cap last week's big political news that John Katko was not running for re-election in NY-24. Then discuss maybe why he isn't running, who could replace him, and what redistricting will mean for this congressional seat in the fall. Enjoy!
Today I speak about John Katkos somewhat surprising announcement last week he would not seek re-election. I also reflect on Martin Luther King Jr, his legacy, and why the Senate should honor him by passing voting rights tomorrow. Enjoy.
Rep. John Katko of New York, one of the 10 House Republicans who voted to impeach Donald Trump, announced Friday he will not seek reelection. In his announcement, Katko cited wanting to be more present with his family as part of the reason for his decision. "That's why, after 32 years of public service, I have decided not to seek re-election to Congress, so that I can enjoy my family and life in a fuller and more present way," Katko said. Katko is the third GOP impeachment backer to call it quits, following in the footsteps of Reps. Adam Kinzinger of Illinois and Anthony Gonzalez of Ohio. Rep. Fred Upton of Michigan has yet to make an official announcement about his reelection plans.To learn more about how CNN protects listener privacy, visit cnn.com/privacy
We were honored to welcome Congressman John Katko to the program to discuss his work on infrastructure and his vote to approve the Infrastructure Investment and Jobs Act in the House.
Rádio Kiss přináší nejlepší tipy ze světa filmů a seriálů. Co nám, Katko, doporučuješ?
Rádio Kiss přináší nejlepší tipy ze světa filmů a seriálů. Co nám, Katko, doporučuješ?
It's Episode 75, and Tracy and Elisabeth got to talk money with Nick Katko and Mike DeLuca, co-authors of the new book, “Practicing Lean Accounting”. Mike and Nick are a seasoned duo, and they offered insights into the biggest source of waste in accounting processes—no, it's not money. Next up it's an app that sets you up to be a rockstar team builder. And for Q&A, our problem-solving community weighed in on how to deal with the classic “solution masquerading as a problem” known as “lack of training.” Don't miss this New Year's treat! Timeline 0:06 - Intro 01:50 - What's On The Menu 02:30 - Hot Apps Confetti: https://www.withconfetti.com/ 07:02 - Q&A - How do you deal with "lean thinking" mentality? Join the conversation on LinkedIn (click the link)! 16:29 - Featured Guest - Nick Katko & Mike De Luca Get Nick and Mike's Book on Amazon. 45:44 - Upcoming Events January 20th Webinar (click to register) - Sunitha Narayanan UC San Diego Leadership Course Thanks for Listening! Listen to more podcasts at JITCafe.com. Link to the video version of this podcast: https://youtu.be/nD7RW4lZOwM Find us on: - Apple Podcasts - Stitcher - Podbean - Spotify - RSS Feed: https://feed.podbean.com/JITCafe/feed.xml
Rádio Kiss přináší nejlepší tipy ze světa filmů a seriálů. Co nám, Katko, doporučuješ?
In this episode, "Practicing Lean Accounting" Authors: Mike De Luca, Principal and Owner of Torre Consulting, and Nick Katko, President and Owner of BMA, discuss the importance of lean accounting for lean companies. They spoke about "lean accounting" in terms of accounting, payroll, and paying suppliers. They both showed why lean accounting is better than traditional cost accounting. https://theleaneffectpodcast.com/ https://www.facebook.com/TheLeanEffectPodcast https://www.facebook.com/groups/272448766629082/ https://www.linkedin.com/company/the-lean-effect-podcast/ Insta: @theleaneffectpodcast Twitter @EffectLean Guest: Mike De Luca https://www.linkedin.com/in/dmdeluca/ mike@torre-consulting.com Nick Katko https://www.linkedin.com/in/nickkatko/ nkatko@gmail.com Host: Mark Dejong: https://www.linkedin.com/in/mark-de-jong-investor-lean-advisor-0288695/ Mark@4ppartners.ca https://www.4ppartners.ca
Rádio Kiss přináší nejlepší tipy ze světa filmů a seriálů. Co nám, Katko, doporučuješ?
Rádio Kiss přináší nejlepší tipy ze světa filmů a seriálů. Co nám, Katko, doporučuješ?
Rádio Kiss přináší nejlepší tipy ze světa filmů a seriálů. Co nám, Katko, doporučuješ?
Rádio Kiss přináší nejlepší tipy ze světa filmů a seriálů. Co nám, Katko, doporučuješ?
This week's guests are Mike De Luca and Nick Katko. Together with Ron they discussed the concept of lean accounting, and what its advantages are over traditional cost accounting. An MP3 audio version of this episode is available for download here. In this episode you'll learn: Mike's favorite quote (4:16) Their backgrounds (4:48) Why lean accounting is important (6:23) Why it's better than traditional cost accounting (8:47) What to do if the customer is wrong (13:24) Using traditional cost accounting versus lean accounting in healthcare (15:40) Leading and lagging indicators (24:13) About their book (26:03) Podcast Resources Right Click to Download this Podcast as an MP3 Practicing Lean Accounting on Amazon BMA BMA Books BMA on YouTube LEI Lean Accounting Newsletter Mike on LinkedIn Nick on LinkedIn What Do You Think? Have you had any experience with lean accounting?
Rádio Kiss přináší nejlepší tipy ze světa filmů a seriálů. Co nám, Katko, doporučuješ?
Rádio Kiss přináší nejlepší tipy ze světa filmů a seriálů. Co nám, Katko, doporučuješ?
Rádio Kiss přináší nejlepší tipy ze světa filmů a seriálů. Co nám, Katko, doporučuješ?
Rádio Kiss přináší nejlepší tipy ze světa filmů a seriálů. Co nám, Katko, doporučuješ?
Rádio Kiss přináší nejlepší tipy ze světa filmů a seriálů. Co nám, Katko, doporučuješ?
Show notes: https://www.leanblog.org/428 My guests for Episode #428 of the Lean Blog Interviews Podcast are Nick Katko and Mike De Luca. Nick is president and owner of the firm BMA and Mike is a Lean coach, serving as principal and owner of Torre Consulting. Nick and Mike have a new book out called Practical Lean Accounting. And I'm thrilled that the title is inspired by the book I edited called Practicing Lean. Their book is available now in paperback and Amazon Kindle formats. Nick has been practicing lean accounting for over 25 years, both as a CFO and as a lean accounting trainer and coach. Nick is also the author of the book The Lean CFO (2013) and is co-author of The Lean Business Management System (2007). Mike's lean journey began with implementing lean accounting as a finance leader in the early 2000's – evolving the finance department's role to meet the changing needs of a lean organization. Today, we talk about the book and more, with topics and questions including: Nick and then Mike, how did you first get introduced to Lean and what was the context? Manufacturing and healthcare How did you come to collaborate on this book? Budgets – from quarterly batches to daily practice The “tyranny of budgets” leads to blame? What is “Lean Accounting” in relation to the accounting function, payroll, paying suppliers, etc. “Becoming immune to waste” Why is it important for others to understand “how accounting thinks”?? What does “respect for people” mean to you? “It's not about the numbers, it's about the people using the numbers” Lean accounting applications in healthcare? What's uniquely healthcare? Final tips — How to best engage CFOs? Is there a clear message about what Lean means to the org? The podcast is sponsored by Stiles Associates, now in their 30th year of business. They are the go-to Lean recruiting firm serving the manufacturing, private equity, and healthcare industries. Learn more. This podcast is part of the #LeanCommunicators network.
21 de mayo | Nueva YorkHola, maricoper. Paren los cohetes.Bienvenido al maricóctel, un repaso a seis titulares de la semana (con podcast narrado), un vídeo para olvidarse del mundo y tres lecturas recomendadas.Vamos a descontinuar dos habituales de La Wikly: el test de actualidad y los tres enlaces recomendados. Si escuchamos de suficientes de vosotros, consideraremos traerlos de vuelta, pero ahora mismo las estadísticas nos dicen que no os interesan.¡VENTE A DISCORD! Puedes sumarte al Discord de La Wikly a través de este enlace. Rellena el formulario y uno de nuestros moderadores se pondrá en contacto contigo para ponerte al día.Chequead el nombre con el que entráis en Zoom, amigos. Bienvenido a La Wikly.