Getting the Metrics Right – Introduction to Measurements: Throughput Accounting
The way we measure performance in companies determines the policies and related behaviours. When a measurement system is not usefully designed to support decision-making, we will create wrong policies. By subordinating to such a policy, we can actually damage the results of the organization
The course aims at providing technical tools and a methodology so that we can extract from the accounting data we have available in our organizations real information, and therefore make the right decisions.
Participants will be able to:
The course provides a theoretical introduction, in which the basics of the TOC accounting approach are presented, the main equations are explained, and decisions taken using traditional accounting methods and Throughput Accounting are compared. Participants also take part in a practical exercise of accounting and management known as P&Q,