Accounting is easy when you can see it. People learn more effectively when they can visualize concepts.
Colour Accounting is a new way of presenting financial information using colour and diagrams. It makes balance sheets, income statements and cash-flow statements easier to understand. It was patented in 2010. At the heart of the system is a diagram called the BaSIS Framework™ that is a holistic and graphical view of a balance sheet and income statement. When you understand this diagram – specifically the language, logic and layout of it – you understand accounting. It’s that simple.
Learning accounting can be hard. This is mostly because of the duality of accounting and the ambiguity of accounting terms. When any single event happens, there is not one but two effects recorded. Some accounting words can describe up to four different concepts. For this reason there is enormous scope for misunderstandings and confusion. Not to mention, miscommunication.
But the good news is that this has all changed. The invention of a graphical representation of accounting, called the BaSIS Framework™ means that you can now see (and even touch) the accounting duality. Accounting is unpacked before your eyes with a colourful graphical representation of how accounting works.
Colour Accounting is a great way to learn accounting. It is highly creative and involves colour, movement, language, visualization and breathtaking simplicity.
The Colour Accounting CORE! content lies at the heart of the training. Participants completing the course are able to analyse and use financial information confidently. The course covers the following:
- Context and need for accounting
- Accounting components, including the journal, general ledger and trial balance
- Recording business transactions
- Using financial statements, including balance sheets, income statements and cash flow statements
- Interpreting the business story told by a set of accounts
- Business acumen basics
- Financial communication and pitfalls
- Application of learning to case studies, topics of interest and current affairs