Utilizing the Color Accounting Framework, Peter Frampton will take the fear and mystery out of accounting and apply the learning to your professional work in insolvency.
You Will Learn:
- The role of accounting literacy underpinning financial and business success
- The three essential competencies of Structure, Language and Movement
- Starting from scratch: What is accounting?
- Central role of assets in a business
- The funding of assets, and assets as a Use of Funds
- Introduction of the accounting equation
- The nature of a transaction
- Two effects for every transaction
- The Color Accounting Framework
- Distinguishing the general ledger from the general journal
- ‘ALEXI’, the five fundamental elements of every business story
- Reporting: the balance sheet and income statement and the structural connection between the two
- Precise meaning of financial terms
- The Value Cycle of Business
- Accounting applications in insolvency situations