1-Day financial workshops that use a patented picture and clear language, for easy learning that works like never before

Transcription

1 Start with accounting literacy... 1-Day financial workshops that use a patented picture and clear language, for easy learning that works like never before Color Accounting International 1622 Swann St NW Washington DC Phone: (202) easy@coloraccounting.com Better business acumen. Better conversations. Better decisions. Better bottom line.

2 ARE YOUR PEOPLE? As a talent development professional at a business, law firm, government agency or not-for profit organization, are your people: Intimidated by financial information Confused by accounting terms Making the best choices Doing their part in meeting financial goals Unaware of how they impact profit Blindly replicating last year s budget? As the HR director in a public accounting firm this was awesome! I wish I could have 4 more hours of this! Most excellent presentation. It alone was worth the expense and travel. SHRM International Conference, Las Vegas

3 WHY COLOR ACCOUNTING WORKS Color Accounting is a teaching system that uses diagrams and logical colors to show graphically how accounting and business work, so your employees will make better decisions. We fully engage the participants with storytelling, physical materials and vivid models. They use their hands, their senses and their brains. It s wonderful. No boring slides, no power failures, no same old same old. The accelerated and adult learning means it all fits into one energizing day. Right from the start we want our participants to be thinking: Hmmm, this seems a little different to what I was expecting. It could even be enjoyable. Sure beats the tired old Finance For Nonfinancial Managers course I sat through before. I wish I d had this when I was doing my MBA. It finally makes sense. Lara Azzam, Wharton MBA graduate

4 THE MANY BENEFITS Your people will be able to: Manage a Profit & Loss statement Draw up a budget Understand your clients buying motives Improve financial controls Save costs Expand profit margins Increase shareholder returns Get departments talking with each other Align your teams around well-understood financial goals Promote financial leadership Communicate more powerfully with investors, regulator and partners We ve made this course compulsory for all the staff in our unit. Business Unit Head, Wall Street Bank

5 WHO USES THE NEW WAY OF TEACHING FINANCIAL LITERACY? Clients include banks, industrial companies, international NGOs, government agencies, law firms and startup incubators. It was apparent that the delivery of the Color Accounting workshop was enlightening to all who attended regardless of the level of accounting knowledge they had beforehand. Feedback from participants has been very positive and discussion of accounting concepts with them in the months since has been easier. In addition, placing the workshop content in the context of the working environment has assisted greatly in improving budget preparation and monthly financial management reporting. Everyone who has responsibility for Revenue and Expenditure outcomes should attend these workshops. Bruce Trackson, CFO, Queensland Building and Construction Commission

6 WHAT PEOPLE ARE SAYING When people discover that learning about business finances can be easy and fun, their scepticism often turns to enthusiasm. The Color Accounting hands-on approach created energetic, interactive sessions that extended well beyond the classroom. Buckets, boards and business acumen all made their way back to the offices of participants and led to smarter decisions that we can see having an impact on our bottom line. Rick Zaporowski L&D Manager, NMC Caterpillar Word got out about Color Accounting and we have a long waiting list for the workshop. Our facilitators are now running two seminars a month for staff members. Louis Biggie Director, Learning Solutions, Talent Management and Organization Development, Johns Hopkins University Color Accounting has the advantage of showing how accounting works visually. We all tend to see problems and relationships more easily visually, so the Color Accounting approach takes advantage of how we learn most effectively. As such, I believe that it is of value to anyone from high school students to MBAs to business executives. We included the Color Accounting workshop in our annual management conference. We wanted to empower our managers to read and interpret financial statements. When they are accounting literate they are in fact business literate and able to make more-informed decisions, which in turn has an impact on customer service, and ultimately drives profits and shareholder value. Ian Leyenaar, CEO Namibia, First National Bank Paul Healy, Head of Accounting at Harvard Business School

7 COURSE FORMATS The Color Accounting system lends itself to making a difference for people in many ways. Its simplicity makes it adaptable. Typical delivery formats include: Seminars: typically 2-4 hours Workshops: typically 1 day All Color Accounting events are delivered by accredited Color Accounting Leaders Accreditation of in-house leaders is available for Do-It-Yourself workshops and coaching within your organization Webinars Online Self-Study courses Keynote speeches Excellent course, making it easy to grasp previously difficult concepts. Presented in an easy to follow way. MTN Group

8 LEARNING OUTCOMES A one-day Color Accounting workshop typically covers: Developing a deep understanding of the Balance Sheet USES OF FUNDS Debit Accounts BaSIS Framework Entity Ltd. Credit Accounts SOURCES OF FUNDS Deriving the Income Statement and understanding how it connects with the Balance Sheet Clearly and unforgettably defining Assets, Liabilities, Equity, Revenue & Expenses Integrating these five elements into a holistic view called the BaSIS Framework Recording transactions using the journal and general ledger BALANCE SHEET Statement of Position Noun concepts. Moment in time. Assets Valuable things Income generating Owned, controlled Tangible or intangible Funds in use Profit Liabilities Obligation to creditors Owe Non-ownership claim Debts to others Equity Obligation to owners Claim for owners Residual claim = Net assets Understanding the Value Cycle of business Practicing financial communication: grasping not only terminology, but also ambiguity of terms, and communication pitfalls Identifying the drivers of cash flow, and how they are reported on the Cash Flow Statement Analyzing financial statements of a business INCOME STATEMENT Statement of Activities Verb concepts. Over time. Expenses Value sacrificing activities Using up Devaluation Incurred Funds used up Income Value generating activities Earning Revenue, Sales Gains Funds generated and identifying risk areas, performance changes, opportunities for improvement Debiting Crediting Debiting Crediting Calculating financial measures, including EBITDA Preparing budgets and forecasts

9 TAILORED Each Color Accounting in-house workshop is tailored to your specific needs. Tailoring ranges from emphasizing parts of the standard curriculum that are relevant to your organization, through the development of bespoke case studies based on your own data. Get in touch with us to discuss your unique needs. ADVANCED TOPICS Advanced topics are available to follow the core content of the Color Accounting workshops and seminars. These include: Advanced budgeting Governmental accounting International accounting, US GAAP and IFRS Merger and acquisition issues Not-for-profit accounting Tax accounting Valuation Veracity analysis: high risk areas of financial statements What the CEO wants you to know: Key performance indicators Please inquire about others

10 ABOUT US Color Accounting International publishes the Color Accounting system and champions the Accounting Literacy approach to financial education. We are a social enterprise - which means we have a dual mission of both commercial success and social impact. Our head office is in Washington DC. Also available: Train The Trainer accreditation for do-ityourself programs at corporate universities Complete accounting teacher ecosystem and student materials for high schools and colleges Partnership opportunities for training and consulting providers ColorAccounting.com Color Accounting International 1622 Swann St NW Washington DC Phone: (202) easy@coloraccounting.com 2015 Accounting Comes Alive, Inc. dba Color Accounting and BaSIS Framework are trademarks of Color Accounting International