Lean processes require managers to value stream, constantly identify waste, make each employee accountable for cost reduction at their level, and link reporting to improvement cycles. Based on what have you have learned in this course; you'll consider how managers can better interpret accounting data to improve production strategies.

Present this information as Part 2 and add to your work from week 7 which was Part 1, for a complete presentation of your ability to connect topics in managerial accounting. This ability is important for the integration of learning.

The goal is to display your thoughts on the linkage between the topics you have learned and your retention of managerial accounting. (Note: Only part 2 will be graded in week 8. However, youll have a complete assignment as a takeaway from this class.)

Task: Explain how each of the following themes of accounting could more rapidly adapt to meet the changes in production procedures:

1. Lack of training. How can accountants keep up with fast-changing operating processes to be adapt accounting skills to business operations?

2. Lack of proximity. How can accounting functions better relate to production areas that they do not interact with on a daily basis?

3. Financial statement frame of mind. How can those involved with managerial accounting tie their numbers to financial statements?

4. Feelings of superiority and failure. How can those trained as Certified Public Accountants or Certified Management Accountants set aside that their education may or may not be superior to that of those in operations?