Learn Accounting Flashcards 1.53

Learn Financial Accounting Flashcards is an educational tool developed by a Certified Public Accountant (CPA) aiming to assist learners in mastering the subject efficiently. The app offers a variety of resources including lessons, flashcards, videos, audios, and downloads to facilitate easier comprehension. Targeted towards aspiring Certified Public Accountants and ACCA enthusiasts, this app serves as a solid starting point for those pursuing a career in accounting. Featuring flashcards that delve into fundamental accounting concepts and terminology through illustrative aids, the app is designed for on-the-go learning, emphasizing key topics such as the accounting equation, debit and credit principles, ratios, and accounting standards.

The app's primary focus lies in covering basic accounting principles, rules, as well as providing a comprehensive introduction to the world of accounting. It includes examples and illustrations of financial statements, with special emphasis placed on the accounting equation through both video and text-based lessons. Additionally, the app covers important topics like Generally Accepted Accounting Principles (GAAP) and other areas commonly tested in the CPA exam. Crucial subjects such as accounting standards, debits & credits, and the accounting equation are thoroughly addressed.

This content-rich application can be likened to an online course designed to assist individuals in passing examinations such as CPA, CFA, CMA, among others. Furthermore, students pursuing an MBA in finance can also benefit significantly from mastering the accounting equation and basic accounting principles.

Key lessons encompassed in the app include Accounts, Financial Statements Overview, Rationale Behind Learning Accounting, Various Accounting Methods like Cash Basis and Accrual, Different Business Types such as Sole Proprietorship, Partnerships including Flow-Through Businesses, Corporations, Small Business Structure Tips specific to USA regulations, Small Business Tax Tips tailored for USA practices. Moreover, introductory content on Financial Statements such as Income Statement and Balance Sheet is presented alongside lessons on Relationships within financial data, Statement Preparation methods, and much more.

Video tutorials offered cover essential accounting topics including the Accounting Equation with T-Accounts visualization, Debits & Credits breakdown diagram, examples of Asset T-Accounts management along with Expense T-Accounts handling. Besides these fundamentals explanations are provided for Liability Management, Equity Structure Explanation including Revenue and Expense Transactions.

The initial version of the app provides a substantial amount of content at no charge while unlocking all flashcards requires a one-time fee of $2.99. The complete set of cards encompasses a wide range of topics incorporating key subjects like Amortization Expenses, Current asset Management Principles or even more advanced concepts like Gross Profit Margin Calculations and Return on Investment ratios emphasizing a comprehensive learning experience for individuals interested in accounting practices.