Color Accounting CORE! Financial Literacy for Non-Accountants Workshop - March 19
Utilizing the 3-dimensional Color Accounting framework, we will take the fear and mystery out of accounting while placing physical accounts directly into your hands.
Each participant gets to hold the debits and credits, decipher where to post transactions, and visually grasp the value cycle of the business.
After fourteen ‘classic’business transactions, participants know where the numbers come from, which allows the facilitator to rapidly dive into financial analysis and more complex topics, allowing you and your team to ask real world questions in the safe environment of the classroom.
You Will Learn:
- The role of accounting literacy underpinning financial and business success
- The three essential competencies of Structure, Language and Movement
- Starting from scratch: What is accounting?
- History of accounting and role of Color Accounting
- Preparing the learners’ mental and emotional state, including the need for ‘unlearning’
- Central role of assets in a business
- The funding of assets, and assets as a Use of Funds
- Introduction of the accounting equation
- The nature of a transaction
- Two effects for every transaction
- The Color Accounting Framework
- Distinguishing the general ledger from the general journal
- ‘ALEXI’, the five fundamental elements of every business story
- Movement: up/up, down/down and up/down
- Reporting: the balance sheet and income statement and the structural connection between the two
- Precise meaning of terms such as equity, margins, depreciation, double entry, debit/credit, duality, and accrual accounting
- Changes in borrowing
- Cash flow and cash flow statements
- Financial effects of marketing strategy
- Pricing
- How to increase profits and profitability, including various profit margins and what they tell.
Who Should Attend: No academic or professional experience is required to participate inthis course. Actually, the less you know, the better.