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ACA Canada newsletter Summer2016
Entrepreneurs who don’t understand basic accounting concepts are setting themselves up for unnecessary stress and failure, according to Peter Frampton of Color Accounting International.
He adds that the good news is that everyone can learn the basic skills they need.
“Business owners often tell us they’re slightly intimidated when meeting their accountants. They end up saying […]
When I came across “Colour Accounting” in 2013, I was intrigued; but not sure if it would work for government accounting. All the examples in the workshop were for private sector entities and small business.
I called Peter Frampton, co-founder of the system and he told me: “The basic accounting principles apply to all entities. […]
“Accounting is the language of business, and you have to learn it like language. You can’t be comfortable in the country if you aren’t comfortable with the language. To be successful at business, you have to understand the underlying financial values of the business.” Warren Buffet
We couldn’t agree more with legendary investor Warren Buffet.
I see the financial statements; but I have no idea what they mean!” How often have we heard that refrain? First Nations have very complex financial statements according to Chartered Accountant, Sam Weller, of Accounting Comes Alive: “The full statements are often 60-100 pages. On top of the normal taxation and service functions of […]
THE accounting literacy movement may not sound very revolutionary, however it is regarded as a breakthrough in the way people “talk” accounting. The main aim of the movement is to focus on the language of accounting and to communicate the correct use of terms.
If accounting is approached as a language it will become accessible […]