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Learn Accounting Flashcards

Learn Accounting Flashcards

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Learn Accounting Flashcards / Description

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.

Contact me personally with questions: John at Accounting Play dot Com – Thanks!

-John CPA – http://www.accountingplay.com

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 interestCash 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-GAAPUS-GAAP v. IFRS Work-in-process and more.

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