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GA 476 | Why Lean Accounting Matters with Nick Katko

Avatar photo By Jessica Bush Updated on May 17th, 2023

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

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Jessica Bush

Jessica is responsible for the editorial aspects of Gemba Academy’s content, focusing on course materials, podcast production, social media, and other copywriting efforts. An avid advocate of entrepreneurship, Jessica has worked with two technology startups as co-founder and head marketing strategist. Jessica received her BS in Business Administration from Cal Poly San Luis Obispo, with a minor in Music.

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