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What makes the Color Accounting™ approach so effective?
It's well known that learning accounting has been difficult for many people. And this difficulty seems to transcend all other aspects of being human: gender, race, nationality, education level, occupation, upbringing... whatever. The founders of Accounting Comes Alive (and they are now Chartered Accountants) did not themselves understand accounting at university. And that got them thinking:
"What would we need to do to make accounting easy to learn, fast, enjoyable, memorable, with immediate business application and yet still be technically and academically correct?"
And that's what gave birth to Color Accounting.
The Color Accounting learning system approaches accounting as a language, with grammar, a logical framework and essential vocabulary. This is profoundly different from the traditional approach to teaching accounting and results in better outcomes.
Firstly, the accounting language and its underlying principles can be learned very quickly. Much more quickly than traditionally thought possible.
Secondly, the learning can be applied immediately. For most people, learning about accounting is simply a means to an end, and that end is being able to better understand and use financial statement information to make better decisions. It is ALL about the application. Once the learners have acquired their foundational financial literacy they really enjoy applying that knowledge on the job.
HOW IT WORKS
Accounting Comes Alive achieves better learning outcomes by using discovery (Socratic) learning, layered and looped through very specific business event scenarios. The 'students' unlearn and relearn some things, and also learn new things. Even accountants attending Color Accounting training events are often heard saying things like "I actually learned something new today!" Importantly, they also get to understand what non-accountants don't "get".
The Color Accounting learning system is perfect for those who need to use and understand accounting information and increase their business acumen.
It includes:
> creating a financial context
> telling a value story - it's all about the balance sheet
> describing changes in value: the income statement
It avoids:
x boring lectures
x excruciating overheads (most of our training events don't use them)
x mind-numbing jargon
x confusion
x ongoing dependency on the trainer
It uses:
* simple, clear and interesting business symbolism to stimulate your curiousity
* conversational language that evolves with your understanding
* hands-on approach to business simulations
* accelerated learning system achieves more in less time
* unique approach (patents pending)
* immediate workplace application
* long-lasting learning outcomes
Color Accounting Trainers look for 'congruity responses' from participants to be sure that each one is really 'getting' the essential language and concepts as they unfold. Remaining conscious of the groups needs, the trainer will adapt explanations and conversations to support each participant's learning needs. They also ensure that the content is connected to the participant's own experience and business environment throughout the training event.
We don't use games in Color Accounting trainings so don't be fooled by what you are seeing here. This is an actual working model of an accounting system using color to physically represent the balanced duality of debits and credits. It has been precisely designed and tested over many years to perfectly compliment learners' needs. It is important for many learners because it allows them to feel the physical tension in representing how real world business events impact on financial information in real time.
This is part of the hands-on Color Accounting™ learning system as used in a CORE! workshop