Built with Professor Omri Even-Tov

Accounting that finally makes business sense.

Practice real transactions, visualize their financial-statement impact, and master the accounting concepts MBA students actually need.

Interactive workbook practice for Berkeley students.

Practice · Problem 1 of 3
Cash purchase of equipmentFoundational

A company purchases equipment for $12,000 in cash. Record the journal entry on the transaction date.

Statement impact

  • Assetsno net change
  • Net incomeno change
  • Cash flow↓ $12,000
AccountDebitCredit
Equipment12,000—
Cash—12,000
Totals12,00012,000
Balanced entrySubmit answer
“Accounting is not difficult. It is just very committed to making you think it is.”

Everything you need, nothing you don't.

Feature 1

Practice real transactions

Work through realistic business scenarios instead of memorizing isolated rules.

Build confidence applying debits and credits under exam and interview pressure.

Scenario library

Equipment bought with cashFoundational
Revenue earned on accountIntermediate
Accrued salary at month-endApplied
Feature 2

See the statements change

Understand how every journal entry affects the income statement, balance sheet, and cash-flow statement.

Connect accounting mechanics to the business outcomes managers actually care about.

One entry, three statements

Income statement↑ Revenue +8,000
Balance sheet↑ A/R +8,000
Cash flow→ Cash +0
Feature 3

Review without the lecture

Use concise explanations, cheat sheets, and targeted practice designed for short study sessions.

Learn high-yield concepts without sitting through long videos or searching through lecture notes.

Assets = Liabilities + Equity

Cheat sheet

What increases with a debit?

Assets and expenses generally increase with debits.

FlipEditNew card

How it works

Three steps, roughly ten minutes. Repeat between meetings, on the train, or the night before your midterm.

  1. 1

    Choose a practice scenario

    Pick a transaction that mirrors real business decisions.

    Equipment purchaseSelected
    Revenue on account
    Accrued salaries
  2. 2

    Complete the journal entry

    Work in an Excel-like workspace with debit and credit columns.

    AccountDrCr
    Equipment12,000—
    Cash—12,000
  3. 3

    Review the explanation

    See why it works and how the statements move.

    Correct — assets simply reshuffle.

    Assetsno net change

    Cash flow↓ $12,000

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