Services.How we work for you is simple. We receive funds for providing access to specific or general purpose accounting literacy education. The education projects may be managed by you or us, our partners or our wonderful volunteers. In developing communities, we endeavour to train suitable individuals to become ambassadors, educators and coaches so accounting literacy may spread exponentially. And more.
In every project, we track key metrics so the return on your investment is clear. |
Test yourself[Coming] The Foundation is developing a universal test instrument for accounting literacy. So, how do you measure up?
This will be a free service allowing you to test your degree of accounting literacy and receive feedback on areas for improvement. Accounting studentsOur friends at Wealthvox Innovation Ltd have provided free access for teachers and lecturers to AccountingSchool.com and their Educators Resource Center. Even if you already have a jam-packed curriculum, introducing the Color Accounting System™ will give you more learning outcomes for less (or the same) time.
There are student materials for sale or you can even create your own if money is an issue. |
Accounting literacy educationAccounting literacy is the ability to clearly understand and communicate financial situations and events: to tell a financial story and make decisions. Accounting literate people can see and describe financial matters with clarity. They can think clearly about money and resources. They can make more effective decisions and help minimise theft and waste.
The Foundation can help you design your program for maximum impact. In developing communities this can include training up local resources to be facilitators, coaches or mentors. In every project, we track key metrics so the return on your investment is clear. Pay it forwardAnyone can fund a Fundamentals Of Finance workshop which can be held anywhere in the world for a group up to 20. Can be community groups, special interest groups, individuals...
We provide the learner materials and the accredited facilitator. You provide the logistics, the room (or remote access) and the learners. Investment: US$4,000. MBAIf you are sick and tired of the accounting module underperforming in your MBA, why not make a change and aim for top billing? It might be easier than you think. Contact us.
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Boomerang education fundEntrepreneurs can create new products, ideas, services, jobs, businesses and even industries. They can literally change the world. And too many of these new ventures don't reach their potential: they run out of cash or the founder sells out too soon or for too little.
What if we could get successful entrepreneurs to 'pay it forward' and help nurture emerging entrepreneurs. With some business education. With some mentoring. With some networking. And for business education, we first lay a rock solid foundation of accounting literacy. In essence, successful entrepreneurs fund a 'boomerang' which is a package of business support. The boomerang goes to an emerging entrepreneur. Once successful, the newly successful entrepreneur re-loads the 'boomerang' and on it goes to the next emerging entrepreneur. Multiple boomerangs can be in the air at once - in fact, the more the better. Who will fly Boomerang #0001? Financial literacy PLUSIf you are already investing in Financial Literacy or Business Acumen, using Accounting Literacy Education as a catalyst will really supercharge your offering, and most likely won't add any additional time.
Pineapple?The pineapple story is a juicy metaphor (and auditory anchor) for one of the most common mistakes in teaching and learning accounting literacy: incorrect perspective.
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Conceptual Incoherence
The Foundation has started a project of collecting examples of 'conceptual incoherence' (in relation to accounting literacy) found in any text, report or other media. This includes what we believe to be errors, incongruities, conflations, contradictions, or language that is in any plain-speaking sense misleading. Examples are not limited to newspaper articles and other 'lay' sources, but can be found in accounting software guides, accounting textbooks and even the conceptual frameworks of the accounting regulators.
Not all of these are "errors" as unfortunately conceptual incoherence as established itself within the language of accounting. For example, the accounting term "prepayment" literally means before payment although accountants usually mean the opposite - an expense that has already been paid (which isn't even an expense but an asset*). No wonder accounting literacy has been difficult to acquire.
If you find something which may apply, please forward a complete copy of the full article or reference, the element that is 'incoherent' and a suggestion for improvement.
* extract from Toby York's excellent draft paper on Concept Mapping.
Not all of these are "errors" as unfortunately conceptual incoherence as established itself within the language of accounting. For example, the accounting term "prepayment" literally means before payment although accountants usually mean the opposite - an expense that has already been paid (which isn't even an expense but an asset*). No wonder accounting literacy has been difficult to acquire.
If you find something which may apply, please forward a complete copy of the full article or reference, the element that is 'incoherent' and a suggestion for improvement.
* extract from Toby York's excellent draft paper on Concept Mapping.
Accounting Literacy and Financial Literacy Not The Same
Accounting literacy and financial literacy are not the same. Accounting literacy is a precursor to and catalyst of financial literacy.
Financial literacy is the ability to make sound financial decisions and manage your financial affairs. Education typically covers topics such as:
Accounting literacy comes before all of this. It deals with the component elements and language of these topics.
Being accounting literate means being clear about the practice and language of:
Accounting literacy is the foundation upon which financial literacy (and ultimately business acumen) stands.
We believe that financial literacy education is often (much) more effective and rapidly taught when it is built on a foundation of accounting literacy.
Financial literacy is the ability to make sound financial decisions and manage your financial affairs. Education typically covers topics such as:
- Saving
- Budgeting
- Investing
- Banking
- Financial products
- Tax
- Interest and compounding
- Retirement planning
- Wealth accumulation
- Financial regulations and resources.
Accounting literacy comes before all of this. It deals with the component elements and language of these topics.
Being accounting literate means being clear about the practice and language of:
- assets,
- liabilities,
- equity/net worth/profit,
- value generation, and
- value consumption.
Accounting literacy is the foundation upon which financial literacy (and ultimately business acumen) stands.
We believe that financial literacy education is often (much) more effective and rapidly taught when it is built on a foundation of accounting literacy.
We promise you our BESTIn all communities, accounting literacy is the first step towards financial harmony and a life that supports health, wellbeing and prosperity:
In developing communities, accounting literacy education can offer additional benefits. Accounting skills can lead to employment as a bookkeeper or accountant, and this can mean the difference between a life of poverty and middle class family prosperity. |
Behaviours you can judge us by: Bold | Accountable | Kind | Simplicity | Community