Example: 4 flats (-4)If you add +7 to make it a flat key, you get, 3. Since 3 is A, the key is A flat major.However, you can also apply the minor modifier of -3, for a total of 0, so the key is C minor as well.
But the key signature of C minor is 3 flats...the minor key with 4 flats is F minor.
Well, tac-tics, I'm afraid I wouldn't call your method "simple"...but, as my father used to say, "There's more than one way to skin a cat!" Not that I believe in skinning cats...
What about languages which don't use the Latin alphabet? Your mnemonics would be just as complicated to explain as my system =-P
I'm sure I could find a number of much, much more comlicated ways to do it, noting that the "base" values above form a residue number system modulus 7