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Let's Talk Accounting

Teacher companion
A digital guide to Let's Talk Accounting. that supports you in teaching Color Accounting in your classroom. 
  • Outlined learning outcomes
  • "How to" information and tips
  • Links to interactive activities
  • Instructions for activities and supporting materials
Classroom companion
The Let's Talk Accounting Classroom companion is a printed book that lays bare the simple logic and principles behind Color Accounting for your students.
AVAILABLE NOW

Let's Talk Accounting

Accounting fundamentals
for successful living

The new classroom companion for Color Accounting.
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Quick clips

Feel like you need a quick refresher on a key topic?
These short clips are just what you need.
 

00:01:36

Shift your relationship with accounting

The "zebra" reference and helping participants to leave their baggage behind.

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00:01:12

Foundation first

Lay the foundation for business acumen by starting from the ground up with accounting literacy.

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00:01:38

Learning accounting

is now easy

Understanding the language, structure and mechanics of accounting makes it easier to learn.

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00:00:49

History of accounting

A quick perspective on the history of accounting.

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00:03:17

What is accounting?

Hear about accounting as a filing or sorting system.

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00:02:35

Whose story?

Illustrate the importance of point of view in accounting with the pineapple conversation.

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00:05:21

Types of assets

Explore the different types of assets using the balance sheet butterfly.

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00:01:02

Measuring assets

The six different ways to measure assets.

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00:05:18

Obligations

Discussing Liabilities and Equity.

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00:00:00

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00:00:00

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15 Classic Transactions

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Jan 2:
Borrow money from lender – put into business bank account. 30,000
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Jan 3: 
Owner contributes funds – put into business bank account. Not a loan. 20,000
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Jan 4:
Repaid part of loan. 5,000
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Jan 5:
Buy and install equipment. We pay immediately. 6,000
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Jan 25:
Buy products to sell – put onto shelf. Supplier ZZZ gives us 60 days to pay. 10,000
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a) Jan 30:
Our first sale, to Adam. And, they paid cash on the spot! Cash banked. 1,000

b) Jan 30:
Used some of our product inventory in sale to Adam. 250
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Feb 5: 
Paid window cleaner in cash for cleaning display window today. Window looks great! 50
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a) Feb 10: 
Another sale – Brian says assistant will come in and pay tomorrow. 2,000

b) Feb 10: 
Used some of our inventory in sale to Brian. 500
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Feb 15:
Cate drops in and pays cash for a gift voucher as a present. Cash banked. 150
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Feb 20:
Brian's assistant comes in and part-pays amount owing – cash banked. 800
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Feb 25:
Paid for advertising campaign to run in March through May by bank wire transfer. 240
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a) March 15: 
Dale buys some products and presents the gift voucher as payment. 100

b) March 15: 
Used some of our inventory in sale to Dale. 20
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March 31:
Ace Co. cleaned the shop during March. We estimate the bill will be 170.
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March 31:
Account for three month's equipment usage. We estimate it will last for 5 years with no resale value at the end.
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March 31:
Account for advertising used up in the month.
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