Are your accounting data and reports providing a true and timely picture of your company’s performance? Are your lean operations personnel complaining that the numbers “lie”?
This explosive issue and its implications are fully explored in “Real Numbers.” The authors, each a former chief financial executive, describe how management accounting evolved to this point and how simplicity and clarity can be restored — particularly in a lean organization. The management accounting model illustrated in “Real Numbers” points the way to unlocking the true profit potential of lean.
Real Numbers, co-authored by Jean E. Cunningham and Orry Fiume, is a great summary about lean accounting, what it is, and what it can do for an organization. As more healthcare organizations embark on efforts in finance, this is the perfect book for these health systems to use as a starting point.
Although Real Numbers is not focused on healthcare, the general knowledge of accounting in business can be a breath of fresh air in a lean healthcare setting.