CPA Exam Prep - mi. Accounting 5.3.1

For individuals seeking an introduction to the field of accounting but feeling uncertain about where to start, this application serves as a practical and accessible tool. Its purpose is to facilitate understanding of the fundamental "Language of Business" in a straightforward manner.

Designed to be user-friendly, versatile, and visually engaging, this app offers a simplified yet comprehensive overview of key accounting concepts, making it a valuable resource for beginners.

Available for free trial, it encourages users to explore its features without initial commitment.

Key Features include:

• ProSheet: An innovative interactive reference series covering various accounting topics. Presently featuring Volume 2, with plans for additional volumes to expand its scope.
• Multi Views: Enables side-by-side display of two or three scenarios on a single screen for effective comparison of different accounting methods. It provides perspectives such as seller versus buyer and investor versus investee to facilitate quick understanding of differences.
• Solution Mode: Allows access to detailed explanations and calculations by tapping the [S] button. This feature clarifies the rationale behind each journal entry and illustration, accessible via the blink button at the bottom of each example.
• Financial Statements Mode: Demonstrates how individual journal entries impact the overall financial statements, illustrating the connection between entries and financial reporting outcomes.

Additional functionalities include:

• Easy switching between US GAAP and IFRS standards with a single tap.
• Accounts list organization by classification, allowing reordering through tap-and-hold actions.
• Quick toggling to opposite views via an 'Opposite' button.
• Smooth navigation between various methods or illustrations through simple flick gestures.
• Accessing detailed account information by tapping and holding on account names within journal entries.

The app's content is organized into categories such as Current Assets, Fixed Assets and Intangible Assets, Current Liabilities, Long-Term Liabilities, Equity, Investments, Diluted Securities, Leases, Revenue Recognition, Income Taxes, and Cash Flow Statements.

ProSheet Volume 1 focuses on "Interactive Accrual & Cash Flow Reconciliation," providing users with the skills to effectively adjust account balances between accrual and cash accounting methods.