Understand the concepts. Work through examples. Prepare with confidence.
Choose an exam, a subject, or both.
See how transaction documents become useful financial reports. Compare manual and computerized systems, review the accounting cycle, and test your understanding with original questions.
Decide which business events to record, identify the accounts affected, and explain their effects on the accounting equation. Includes original examples and three practice questions.
Prepare a post-closing trial balance, compare it with an adjusted trial balance, and learn which accounts remain and which errors it cannot detect.
Explore quality of earnings through two worked examples, a cash-flow ratio analysis, and common red flags. Test your understanding with a six-question interactive exercise and three additional practice questions.
Compare GAAP earnings with management’s adjusted measures. Use an original reconciliation to understand EBITDA, added adjustments, recurring costs, and the SEC’s reporting safeguards.
Distinguish evidence-based estimates from earnings management and fraudulent reporting. Follow a two-year reserve example and see why incentives, intent, and disclosure matter.
Calculate current cash debt coverage and cash debt coverage, then measure free cash flow using the lesson’s stated formula. Learn what each result can—and cannot—tell you.
Compare earnings protection, operating cash generation, financing, and book equity. Includes five reference measures, original calculations, and practice answers.
Compare three liquidity ratios using one original example. Learn which assets belong in each formula and when to use average current liabilities.
Learn how receivables, inventory, and asset turnover measure different uses of assets. One worked example explains the correct numerator and average balance.
