FINANCIAL IMPACT OF LEAN MANUFACTURING - Ohio State University精益生产的财务影响的俄亥俄州立大学.ppt

LEAN MANUFACTURING A FINANCIAL PERSPECTIVE A Workshop for Finance, Accounting and Operations Personnel Agenda Course Perspective Objectives of a Firm Financial Statements Ratio / Profitability Analysis Manufacturing Accounting Cost-Volume-Profit Analysis The Changing Business Environment Lean Manufacturing Measurables in Lean Manufacturing Financial Impact of Lean Techniques Conclusion Course Perspective Course Perspective Objectives of a Firm Objectives of the Firm Profit – achieve profit goals through increasing sales and reducing costs Cash Flow – generate cash flow through profits and use it wisely Liquidity – control the financial condition and solvency of the business Accounting System Overview Objectives of the firm are usually translated into financial terms (common denominator) Financial information is found in financial statements Financial statements are prepared from accounting database and records of the firm depend on accounting system Accounting system has both, an external and internal focus Accounting Functions Financial Statements Financial Statements Income statement Sales Revenue – Expenses = Profit = Net Income Balance Sheet Assets – Liabilities = Owner’s Equity Statement of Cash Flows Cash Flow from Income + Other Sources of Cash – Uses of Cash = Net Change in Cash Income Statement Summarizes sales revenue and expenses for a period of time yields profit It is the main determinant of the balance sheet Sales revenue increases an asset or decreases a liability Expenses decrease an asset or increase a liability Profits increase Owner’s Equity shows up in retained earnings Income Statement for 1999$(000) Income Statement for 1999 $(000) Income Statement for 1999 (continued) $(000) Income Statement for 1999 (continued) $(000) Income Statement for 1999 (continued) $(000) Balance Sheet Measures financial condition of the firm Lists Assets, Liabilities and Owners’ Equity Assets are economic resources owned by the business Lia