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Color Accounting is a unique approach to teaching financial literacy.
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The Color Accounting Learning System in Action
Color Accounting Learning System technology
A graphical system
The Color Accounting Learning System uses a diagram called the BaSIS Framework™ to show how accounting–and therefore also finance and business–work. The diagram is a concept map. It lets students and business people clearly see how financial events impact a business. It creates 'pointability' so that you can use a finger to show exactly what you mean when discussing financial matters. This is particularly useful because the double-entry nature of accounting often causes confusion. For example, with the diagram, cash can't be confused with revenue, which is a particularly common misunderstanding.
The approach
Color Accounting explains the fundamental concepts of accounting, built up from first principles to make the learning meaningful instead of rote. Our approach is intellectual and accessible - we don’t oversimplify and we don’t use meaningless memorization. Instead we use tried and tested ideas and stories to help participants understand and relate their new knowledge to their own lives.
The Color Accounting Learning System uses distinctive colors and physical movement to engage participants and reinforce learning. The colors are an integral part of the understanding because the System is logically overlaid onto the established structure of traditional accounting. It's the 500 years of accounting technology, brought to life with color and language for the modern age. Physical activity invites enthusiastic engagement in the learning journey.
Accounting is replete with confusing jargon. Accountants use the same word for different things, and different words for the same thing. Not to mention words that are illogical: income doesn't actually come in. The Color Accounting Learning System addresses these issues by using highly deliberate plain language.
The Color Accounting System encourages independent exploration and debate while providing a highly structured, conceptually coherent explanation of the world of accounting and business finance.
The Color Accounting Learning System uses distinctive colors and physical movement to engage participants and reinforce learning. The colors are an integral part of the understanding because the System is logically overlaid onto the established structure of traditional accounting. It's the 500 years of accounting technology, brought to life with color and language for the modern age. Physical activity invites enthusiastic engagement in the learning journey.
Accounting is replete with confusing jargon. Accountants use the same word for different things, and different words for the same thing. Not to mention words that are illogical: income doesn't actually come in. The Color Accounting Learning System addresses these issues by using highly deliberate plain language.
The Color Accounting System encourages independent exploration and debate while providing a highly structured, conceptually coherent explanation of the world of accounting and business finance.
The practice
Participants in Color Accounting classes, seminars and workshops receive a package of physical materials and stationery for hands-on learning. The package includes necessary stickers, perforated journal tickets, a popup 3-D board, marquee cards, fold-out sheets, and markers. None of the components are gratuitous: the learning is fun, but serious.
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