Colour Accounting in Municipal Government

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. […]

February 12th, 2015|0 Comments

Language Gives New Life To Accounting

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 […]

August 15th, 2014|0 Comments

Accounting Language Not Relevant Anymore

The language of accounting has not been updated in 500 years – and, according to Peter Frampton of Color Accounting International, businesses are failing because of it.
“The words we use to describe fundamental accounting concepts, like ‘income’ and ‘expense’, were used by 15th-century Venetian merchants to describe trade in physical goods like silk and […]

June 15th, 2014|0 Comments