Let's Talk Finance

Video Library

Prepare to facilitate your Let's Talk Finance workshops with this collection of video tutorials and short clips

Workshop Tutorials 
(Version 6 and version 7)

How to facilitate the Wealthvox Let's Talk Finance workshop.
Includes the Color Accounting Learning System keystone conversations.
New tutorials for all aspects of Version 7 of Let's Talk Finance are coming soon.
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01:13:59

Butterfly conversation
Keystone conversation #1

This tutorial discusses and models the delivery of the keystone conversation that introduces the balance sheet, also known as the Butterfly conversation. 

It demonstrates the facilitation of the conversation using a whiteboard as you would do in a live board room type setting.
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00:52:18

Deducing the BaSIS Board
Keystone conversation #2

This is the second of the three keystone conversations in the Wealthvox Let's Talk Finance workshop.

It picks up from where the butterfly conversation leaves off, and explores why an income statement is needed. After unpacking profit to reveal the Revenue/Income elements, the learners meet the complete 5-box RELAX framework.
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00:10:40

BaSIS Board
Conclusion

Wrapping up the BaSIS Board conversation, including the following topics:

  • Four blue arrows conversation about asset centricity,
  • Value Cycle of Business,
  • Not-for-profit cycle, and
  • Budgeting cycle.
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00:58:36

Classic transactions
Keystone conversation #3

This conversation covers the classic transactions that describe the essential business activities of all businesses. The transactions demonstrated are those from Version 7 of the Let's Talk Finance workshop, differing slightly from the Version 6 transactions.

The main changes are:

  • the example amounts are simpler,
  • equipment is purchased with cash and inventory on credit, which is the opposite in Version 6,
  • an accrued expense is included, and
  • there are 15 transactions instead of 16.
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00:12:30

Supporting workbook pages
Introduction and context-setting conversations

This tutorial discusses the introductory pages of the Version 7 (Let's Talk Finance) and Version 6 (Finance & Accounting Fundamentals) workbooks.

The Version 7 pages discussed are:

  • Page 3: Shift your relationship with accounting
  • Page 4: Our learning purpose
  • Page 5: Learning accounting is now easy
  • Page 6: Accounting: an enabling technology
  • Page 7: What is accounting?
  • Page 8: Whose story?
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00:03:34

Pow pow vs swoosh
Extra

A common thinking error when people are thinking about financial statements is that "things" move from one place to another, rather than the more correct way of thinking about changes, where two separate elements either increase or decrease.

This fun hand-gesture and sound-effect vignette addresses this thinking error.
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00:01:24

Kaleidoscope of butterflies
Extra

A summary of the important issue of thinking about the right person's story.

That is, getting the point of view correct.
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00:03:12

Room setup for live workshop
Extra

This room set up tutorial covers:

  • room layout
  • whiteboards
  • marker pens
  • name cards
  • laying out the packs.
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00:00:00

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Lorem Ipsum

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Video clips
(Version 7)

Quick refresher clips on the key topics covered in Let's Talk Finance
Want to quickly refresh on a key topic? These video clips can help.
*New videos are being added*
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Workbook and popup BaSIS Board for 
version 7 of Let's Talk Finance

A quick overview of the version 7 materials and packaging.
00:03:36
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Shift your relationship
with accounting

The "zebra" reference and helping participants to leave their baggage behind.
00:01:36
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Foundation first

Lay the foundation for business acumen by starting from the ground up with accounting literacy.
00:01:12
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Learning accounting is now easy

Understanding the language, structure and mechanics of accounting makes it easier to learn.
00:01:38
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History of accounting

A quick perspective on the history of accounting.
00:00:49
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What is accounting?

Hear about accounting as a filing or sorting system.
00:03:17
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Whose story?

Illustrate the importance of point of view in accounting with the pineapple conversation.
00:02:35
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Types of assets

Explore the different types of assets using the balance sheet butterfly.
00:05:21
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Measuring assets

The six different ways to measure assets.
00:01:02
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Obligations

Discussing Equity and Liabilities.
00:05:18
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15 classic transactions

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15 classic transactions

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15 classic transactions

15 Classic Transactions

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15
Jan 2: 
Borrow money from lender – put into  business bank account.
30,000
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March 31:
Account for advertising used up in the month.
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March 31:
Account for three month's equipment usage. We estimate it will last for 5 years with no resale value at the end.
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March 31:
Ace Co. cleaned the shop during March. We estimate the bill will be 170.
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a) March 15: Dale buys some products and presents the gift voucher as payment.
100
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b) March 15: Used some of our inventory in sale to Dale.
20
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Feb 25:
Paid for advertising campaign to run in March through May by bank wire transfer.
240
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Feb 20:
Brian's assistant comes in and part-pays amount owing – cash banked.
800
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Feb 15:
Cate drops in and pays cash for a gift voucher as a present. Cash banked.
150
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a) Feb 10: Another sale – Brian says assistant will come in and pay tomorrow.
2,000
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b) Feb 10: Used some of our inventory in sale to Brian.
500
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Feb 5:
Paid window cleaner in cash for cleaning display window today. Window looks great!
50
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a) Jan 30: Our first sale, to Adam. And, they paid cash on the spot! Cash banked.
1,000
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b) Jan 30: Used some of our product inventory in sale to Adam.
250
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Jan 25:
Buy products to sell – put onto shelf. Supplier ZZZ gives us 60 days to pay.
10,000
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Jan 5:
Buy and install equipment. We pay immediately.
6,000
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Jan 4:
Repaid part of loan.
5,000
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Jan 3: 
Owner contributes funds – put into business bank account. Not a loan.
20,000
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easy@wealthvox.com

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