Produced by a CPA – Certified Public Accountant, Learn Financial Accounting Flashcards has lessons, cards, video, audio, and downloads to make this subject faster and easier to learn. Learn Accounting. For the aspiring CPA or ACCA fan, this is a great start to becoming an accountant. Cards focus on accounting basics and accounting terms using illustrations. The app is designed so you can learn accounting on the go and focuses on the accounting equation, debit and credit, ratios, and accounting principles.
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The app focuses first on accounting basics, accounting rules, and a general introduction to accounting. There are financial statement examples and financial statement illustrations. The accounting equation gets special attention in both video and text lessons. GAAP is another key point covered along with other topics frequently tested on the CPA exam. The CPA exam topics that can be critical include the accounting equation, accounting standards, and debits & credits.
This content packed app is comparable to an online course that can be used to pass the CPA, CFA, CMA, and more. Even MBA students studying finance can benefit from a solid understanding of the accounting equation and accounting basics.
Selected lessons covered: Accounts, Financial Statements, Why Learn Accounting, Accounting Methods, Cash Basis, Accrual, Business Types and Sole Proprietorship, Partnerships and Flow-Through Businesses, Corporations, Small Business Structure Tips - USA, Small Business Tax Tips - USA, Intro to Financial Statements, Intro to Income Statement, Intro to Balance Sheet, Intro to Other Statements, Relationships, Preparation, and more.
Video lessons: Accounting Equation and T-Accounts, Debits & Credits diagram, Asset T-Accounts, Asset and Expense T-Accounts, Debits & Credits tutorial, Liability, Equity, Revenue, and Expense transactions, and more.
The free version has a significant amount of content and you can unlock all cards for $2.99. All cards covered: Accounting equation, Accounts payable, Accounts receivable, Accounts receivable turnover, Accrued expenses, Accumulated amortization, Accumulated depreciation, Additional paid-in capital, Adjusting journal entries, Allowance for doubtful accounts, Amortization expense, Asset life, Asset retirement, Asset T-account transactions, Balance sheet, Balance sheet example, Bank reconciliation, Capital improvement, Capitalized interest,Cash basis v. Accrual, Closing retained earnings, Commercial loan, Common stock, Conservatism, Controller, Corporate characteristics, Cost of goods sold, Current assets, Current liabilities, Debits and credits system, Debt to total assets, Debt to total equity, Declining-balance depreciation, Deferred revenue, Depreciation expense, Dividends, Equity T-account transactions, Expense recognition, FIFO Inventory, Financial statement relationships, Finished goods, FOB Ship point v. FOB destination, General ledger, Gross profit, Gross profit margin, Hierarchy of GAAP, IFRS, Income statement, Intangible assets, Interest expense, Inventory, Inventory turnover, Investments, Liabilities, Liability T-account transactions, LIFO Inventory, Notes payable, Notes to financial statements, Partnerships v. limited partnerships, Prepaid expense, Pronouncements, Property, plant, and equipment, Return on assets, Return on equity, Revenue, Revenue recognition, Salvage value, Selling, general, and admin expense, Shareholders, Shareholders' equity defined, Sole proprietorship, Stakeholders, Statement of cash flows defined, Statement of cash flows, Statement of shareholders' equity, Statement of shareholders' equity, Stock split, Straight-line depreciation, Sum-of-the-years-digits' depreciation, Times interest earned, Treasury stock, Trial balance, Units-of-production depreciation, Unrealized gain (loss), US-GAAP,US-GAAP v. IFRS, Work-in-process and more.