People at all levels of organizations like yours, including…
Small Business Owners
HR and L&D Managers
Senior, Mid-Level and Junior
General and Technical
Your Instructor Ken Bostrom, Color Accounting Expert, has been an instructor, coach, and officer of Universal sector for nearly three decades. Ken has been teaching non-financial accounting and bookkeeping and working in the field for over 30 years. He helps students, business owners, managers, and employees understand basic accounting principles and business acumen.
Mr. Bostrom is a national trainer and speaker working with all sizes of businesses, and individuals, throughout the United States.
Ken has seen Universal Accounting Center grow from a small local brick-and-mortar accounting training school to an international provider of cutting edge, on-line certification training for accounting professionals to start and grow their own bookkeeping, accounting, and tax practice. Ken is the author behind our Professional Bookkeeper’s Guide to QuickBooks, as well as it’s annual updates. You could say Ken wrote the book on how to use QuickBooks to get more done in less time, and to become a Profit and Growth Expert. He is also a certified QuickBooks Specialist (QS) and a QuickBooks Pro Advisor.
Typical learning outcomes for a one-day Color Accounting workshop include
Developing a deep understanding of the Balance Sheet and its roots in the accounting
Establishing a powerful context, and in turn understanding where numbers come from and, for example, why a Balance Sheet cannot not-balance
Deriving the Income Statement and understanding how it connects with
the Balance Sheet
Clearly and unforgettably defining Assets, Liabilities, Equity, Revenue & Expenses
Recording classic transactions using the journal and general ledger
Practicing financial communication: grasping not only terminology, but also ambiguity
of terms, and communication pitfalls
Integrating the five elements into a holistic view that explains how business works
Exploring and applying the Value Cycle to your business
Seeing the business through a value lens
Identifying the drivers of cash flow, and how they are reported on the Cash Flow
Statement Financial Analysis: Reading the financial statements of a business and identifying risk
areas, performance changes, opportunities for improvement
Financial ratios, including EBITDA
Budgeting and forecasting
Color Accounting is designed to make it easier to learn the fundamentals of accounting. It is an augmentation to the process that you know so well, and is in no way a substitute or replacement for traditional accounting. And yes, it is REAL accounting. In this self-study version Mark Robilliard said it best – “All the best attributes of the acclaimed classroom-based workshop, but in the convenience of your own time.”
“We use color to augment how financial statements are presented, and the graphical format that results (the BaSIS Framework) helps the learner to visualize the Balance Sheet and Income Statement in a more memorable way. There is neurological evidence that most people “do colors” better than lefts and rights and ups and downs. Specifically, the use of green and yellow represents debits and credits, which can often confuse people very early in the process of learning accounting in a traditional manner.
With traditional T-accounts, one must have a very good handle on lefts and rights for debits and credits. You can left a left, right a right, left a right, and right a left. Directions make poor substitutes for quantifications. The way the coded-colors are used in Color Accounting removes this confusion. ‘Same color’ means the account increases, and ‘different color’ is code for decrease. As the student is not distracted by the confusion often associated with learning debits and credits, they can more quickly make sense of the key learning areas of Structure and Language.
Finally, the use of purple represents Profit. The way purple is used in the BaSIS Framework explains how the Income Statement connects to the Balance Sheet. This umbilical-like relationship, once seen, is hugely memorable, and something that even accountants may not have truly ‘got’ when they studied.
There are other more subtle reasons, such as how the colors reinforce the inherent ‘duality’ that exists in accounting, etc. The utility of colors in this system is profound enough to have garnered patents for its inventors.”
Accounting literacy is useful for:
Making more effective business decisions
Developing a deep understanding of the Balance Sheet
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
Understanding the Value Cycle of business
Practicing financial communication: grasping not only terminology, but also ambiguity of terms, and communication pitfalls
Analyzing financial statements of a business and identifying risk areas, performance changes, opportunities for improvement
Calculating financial measures, including RIO
Preparing budgets and forecasts
Color Accounting is a revolutionary new way of learning about accounting. For tens of thousands of students, managers, lawyers and leaders… from Australia to San Francisco… Color Accounting has had a life-changing impact on their skill, confidence, communication and success.
Color Accounting is a representation, explanatory, and therefore, educational technology. It has been evolving for over twenty years. It was enabled by the advent of technologies, such as color printing and desktop publishing software. Its time had come.
Color Accounting was initially used as an adult accelerated learning system, for corporate education in the workplace. Neurological research has backed up what Color Accounting practitioners have noticed, that humans respond quicker to conceptual information presented graphically and spatially. It became obvious early on that Color Accounting would benefit younger learners using traditional curricula in schools and colleges too.
After introducing Color Accounting into secondary and tertiary schools, new evidence quickly mounted that color, graphics and illuminated plain language create a step change in student learning and teachers’ effectiveness. Many examples continue to accrue of Color Accounting enhancing traditional accounting teaching. These include the transformation of accounting in one high school from nearly-cancelled-subject to most-popular-elective, in the space of a year.
The Color Accounting system is used to augment the traditional curricula in high schools, colleges and universities.
Color Accounting International
Color Accounting International is a publishing company and training provider. We’ve developed and distribute the Color Accounting learning system (or ‘Colour Accounting’ if you prefer – we use both spellings.) We do so with a network of accredited Partners. Color Accounting is currently available in English, Spanish, Arabic, Afrikaans and simplified Chinese with other languages are coming soon.
We are a social enterprise, with a dual social-impact and commercial motive. We advocate accounting as a fundamental form of literacy, like Reading, Writing and Arithmetic. Accounting literacy has the power to improve lives, corporations, not-for-profit organizations and governments.