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ACCOUNTING
talk2me@optugob.com
FB:OPTTraining and Consulting Services
https://talk2me26.wixsite.com/opttraining
In-house Training for Non-accountants
ACCOUNTING isBoring?
“According to the American Journal of
Business Education the decline in quantity
and quality
accounting
of
majors
student enrollments in
alerted academicians,
professionals, and professional bodies.
This led
reasons
researchers
regarding
to investigate the
career choice in
accounting field.
The results indicated that non-accounting
majors may
accounting
choose a
because they
major other than
believe accounting
to be too number-oriented and boring.”
Rainbow Accounting for Non-Accountants
Accountinghasanundeserved reputation of beingadull
subject. To remove this stigma, Orly Tugob, a CPA-
Toastmaster, created Rainbow Accounting. Like a
anpowerful speech, the program is delivered in
engaging manner. Colors,charts, graphsand pictures
are used to identify the features of balance sheet and
income statement. It is not mathematical! Attendees
work on aplayboard asatool to analyzeaccounting data.
Rainbow Accounting for Non-Accountants
Major takeaways from this training:
? Play with hands-on exercises to record transactions
and prepare financial statements
? Be familiar with forms and books needed to avoid
BIR and SEC examination findings
? Apply internal controls to safeguard assets
? Easily understand accrual accounting and adjusting
entries
? Read and understand the Audited Financial
Statements, Notes to FS and the CPA opinion
? Make intelligent decisions using data from financial
statements
Who will benefit from thistraining?
? Supervisors, Managers, Entrepreneurs, Business
Owners, Engineers, Project Managers, Doctors and
other technical professionals who make business
decisions.
? Accounting Professors
looking for a simple
and Accountants
and fun way of
who are
teaching
accounting to theirstudents/subordinates.
Forin- house training : talk2me@optugob.com
Colors and the
Elements of
Accounting
Assets
Resources owned by the business
Uses of Funds External and Internal Sources of Funds
Liabilities
Claims on the
assets by creditors
Capital
Claims of
the owner
Expenses
Value consumption
Revenue
Value generation
Income
Revenues and Expenses
Rainbow Accounting Guide Sheet
+=
Green Assets Grow
Cash
Receivables
Prepaid Insurance
Office Supplies
Plant or Building
Equipment
Balance Sheet -Assets
Red Liabilities Fierce
SAYHELLO TO
Advances from Members
Payables to Suppliers
Salaries of Employees
Accrued Taxes
Deposits from Members
Long Term Loans
Balance Sheet -Liabilities
Blue Ownership Commitment
RAISING CAPITAL
Contributions/Capital
Stock
Retained Earnings- Surplus
Advances
Income /
Loss
Revenue Less
Expense
Balance Sheet – Owner’s Equity
Purple – Income – Mystical
Resultsof Operation
Orange and Yellow – Revenue – Warning
Inflows and Outflows
Guided by colors, learners analyze transactions
and easily create entries on a guide board that
will soon transform into FinancialStatements.
Easy andFun!
Accounting Storytelling
Learn to Read FinancialStatements
Read and
relate the
numbers on
the financial
reports, the
fun way.
Ang boyfriend ni
Inday aymayaman.
May $321.9MIN
TOTALASSETS !
Pakasal kana,Inday!
Teka,ang cash isonly
$364.16K, kasama pa
dun yung mga cheke .
Baka naman tumalbog
mga checks, eh di mas
kokonti ang cashnya!
Mayaman ba talaga
yun? Eh 0.11 % lang
ang cash ng$321.9M
total assets.
Nasa
pautangan
pala ang mga
assets! Ano
bang negosyo
ng BF niInday?
CONTINUE THESTORY…………………….
ForIn-House Seminaron
Rainbow Account
ORLY P. TUGOB trains business professionals
to understand complex enterprise scenarios,
analyze financial reports and present ideas
with powerful persuasion. Orly represented
the Philippines in Toastmasters International
Competitions in Atlanta and Texas, USA. He
won 2nd place among countries he
competed within theregion.
As a CPAwith 25 years of banking experience, he has examined a
wide spectrum of businessoperations.
Orly is the creator of Rainbow Accounting. This fun training uses
colors, charts and pictures to demystify accounting jargons. It is
non-mathematical and learners read financial statements like a
comic book.
Ad

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Ad

Rainbow Accounting for Non-Accountants

  • 1. ACCOUNTING talk2me@optugob.com FB:OPTTraining and Consulting Services https://talk2me26.wixsite.com/opttraining In-house Training for Non-accountants
  • 2. ACCOUNTING isBoring? “According to the American Journal of Business Education the decline in quantity and quality accounting of majors student enrollments in alerted academicians, professionals, and professional bodies. This led reasons researchers regarding to investigate the career choice in accounting field. The results indicated that non-accounting majors may accounting choose a because they major other than believe accounting to be too number-oriented and boring.”
  • 4. Accountinghasanundeserved reputation of beingadull subject. To remove this stigma, Orly Tugob, a CPA- Toastmaster, created Rainbow Accounting. Like a anpowerful speech, the program is delivered in engaging manner. Colors,charts, graphsand pictures are used to identify the features of balance sheet and income statement. It is not mathematical! Attendees work on aplayboard asatool to analyzeaccounting data.
  • 6. Major takeaways from this training: ? Play with hands-on exercises to record transactions and prepare financial statements ? Be familiar with forms and books needed to avoid BIR and SEC examination findings ? Apply internal controls to safeguard assets ? Easily understand accrual accounting and adjusting entries ? Read and understand the Audited Financial Statements, Notes to FS and the CPA opinion ? Make intelligent decisions using data from financial statements
  • 7. Who will benefit from thistraining? ? Supervisors, Managers, Entrepreneurs, Business Owners, Engineers, Project Managers, Doctors and other technical professionals who make business decisions. ? Accounting Professors looking for a simple and Accountants and fun way of who are teaching accounting to theirstudents/subordinates.
  • 8. Forin- house training : talk2me@optugob.com Colors and the Elements of Accounting
  • 9. Assets Resources owned by the business Uses of Funds External and Internal Sources of Funds Liabilities Claims on the assets by creditors Capital Claims of the owner Expenses Value consumption Revenue Value generation Income Revenues and Expenses Rainbow Accounting Guide Sheet +=
  • 11. Cash Receivables Prepaid Insurance Office Supplies Plant or Building Equipment Balance Sheet -Assets
  • 13. Advances from Members Payables to Suppliers Salaries of Employees Accrued Taxes Deposits from Members Long Term Loans Balance Sheet -Liabilities
  • 15. Contributions/Capital Stock Retained Earnings- Surplus Advances Income / Loss Revenue Less Expense Balance Sheet – Owner’s Equity
  • 16. Purple – Income – Mystical Resultsof Operation
  • 17. Orange and Yellow – Revenue – Warning Inflows and Outflows
  • 18. Guided by colors, learners analyze transactions and easily create entries on a guide board that will soon transform into FinancialStatements. Easy andFun!
  • 19. Accounting Storytelling Learn to Read FinancialStatements
  • 20. Read and relate the numbers on the financial reports, the fun way.
  • 21. Ang boyfriend ni Inday aymayaman. May $321.9MIN TOTALASSETS ! Pakasal kana,Inday!
  • 22. Teka,ang cash isonly $364.16K, kasama pa dun yung mga cheke . Baka naman tumalbog mga checks, eh di mas kokonti ang cashnya! Mayaman ba talaga yun? Eh 0.11 % lang ang cash ng$321.9M total assets.
  • 23. Nasa pautangan pala ang mga assets! Ano bang negosyo ng BF niInday? CONTINUE THESTORY…………………….
  • 25. ORLY P. TUGOB trains business professionals to understand complex enterprise scenarios, analyze financial reports and present ideas with powerful persuasion. Orly represented the Philippines in Toastmasters International Competitions in Atlanta and Texas, USA. He won 2nd place among countries he competed within theregion. As a CPAwith 25 years of banking experience, he has examined a wide spectrum of businessoperations. Orly is the creator of Rainbow Accounting. This fun training uses colors, charts and pictures to demystify accounting jargons. It is non-mathematical and learners read financial statements like a comic book.