ColorAccounting.com - Accounting Literacy & Business Acumen
  • Home
  • About Us
    • Sales Partners
    • In the media
    • Newsletter
    • Blog
    • Links
    • Vision
  • Solutions
    • Workshops
    • Remote Workshop
    • Books
    • Other Formats
    • FAQ
  • Clients
    • Clients
    • Testimonials
  • Schools
  • Contact us
  • In the media

What's The Worth of Words?

9/13/2017

0 Comments

 
When we started developing Color Accounting as a better way to teach accounting and business acumen, we thought color was the biggest deal. Now I believe it’s words.

To understand financial statements, you first have to understand the words. Without the words, the numbers are meaningless.

Picture
Some of the radical things we do with words include thinking of revenue more as a verb than a noun.

And pointing out the ambiguity of words that we use everyday. Is ‘income’ closer to ‘sales’ or ‘profit’? Europeans say the former, Americans the latter.

We also seek to define accounting terms as simply as possible, identifying Revenue as 'value generating activity' and Expense as 'value sacrificing activity.'

What is the worth of words? Well, many firms have gone bankrupt simply by confusing revenue for cash.

Best regards, Peter

Picture
0 Comments



Leave a Reply.

    Blog
    ​

    RSS Feed

    Or simply subscribe here to get it by email.

    Author

    Co-founder Peter Frampton is the lead author of this blog.

    Picture
    View my profile on LinkedIn
    If you are interested in a #financiallyconsciousworld, join the conversation at Color Accounting Friends on LinkedIn.

    Archives

    March 2020
    December 2019
    November 2019
    August 2019
    June 2019
    April 2019
    March 2019
    February 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2014
    August 2014
    July 2014
    June 2014
    May 2014
    April 2014


    RSS Feed

    Get notified:
    Use the RSS feed above or 
    Get the e-newsletter here...

    Categories

    All
    Accounting Literacy
    Account Management
    Assets
    Business Acumen
    Color Accounting
    Colour Accounting
    Costs
    Financial Literacy
    Investment
    Joint Value
    KAM
    Key Account Management
    Learning Style
    Luca Pacioli
    Organisations
    Resources
    Revenue
    SAM
    Silos
    Strategic Account Management
    Strategic Relationships
    Transactional


Finance and business acumen workshops for non-financial people using a breakthrough graphical system
© All rights reserved. Color Accounting International (1992-2019)
'Accounting Comes Alive', 'AccountingSchool.org', 'Color Accounting', 'Colour Accounting', the zebra icon AccountingSchool.com and 'BaSIS Framework' are trademarks of Color Accounting International.
Contact Us |  Corporate  |  Legals  |  Partner Orders  |  Register Event Held  |  Educators' Resource Center
  • Home
  • About Us
    • Sales Partners
    • In the media
    • Newsletter
    • Blog
    • Links
    • Vision
  • Solutions
    • Workshops
    • Remote Workshop
    • Books
    • Other Formats
    • FAQ
  • Clients
    • Clients
    • Testimonials
  • Schools
  • Contact us
  • In the media