CPA Exam Prep - mi. Accounting 5.3.1

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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:

<ul>
<li>ProSheet: An innovative interactive reference series covering various accounting topics. Presently featuring Volume 2, with plans for additional volumes to expand its scope.</li>
<li>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.</li>
<li>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.</li>
<li>Financial Statements Mode: Demonstrates how individual journal entries impact the overall financial statements, illustrating the connection between entries and financial reporting outcomes.</li>
</ul>

Additional functionalities include:

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

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.

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