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The whole set on one page, with your weak spots marked.

A guide is built from the set itself: your categories as its sections, every card as a heading, and under each the key points a good answer has to contain — shaded by what you have shown you know, and printable as it stands.

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  • Key points, not paragraphs

    Each card lists the ideas a good answer has to contain, with the ones that matter most marked.

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Study guide · Accounting
  1. 1. The three statements
    • · How they link
    • · What net income feeds
  2. 2. Cash flow statement
    • · Non-cash adjustments
    • · Working capital changes
  3. 3. Balance sheet
    • · Net debt
    • · Deferred taxes
Mastery · Accounting · 31 of 48 cards measured
Deferred tax liability
  • Arises when book tax < cash taxstrong
  • Reverses as timing differences unwindsolid
  • Sits as a liability, not equityweak
Working capital
  • Current assets less current liabilitiesstrong
  • A rise is a use of cashnot measured

Mastery, card by card

The Mastery tab on every set is the live version of the guide: each card, each of its key points, and how well you have shown you know it. Filter to the weak ones and that is your next session.

Key points · Working capital
  1. A rise in working capital is a use of cash
  2. Operating current assets and liabilities only — cash and debt are excluded
  3. The change flows through cash from operations, not investing
  4. Growing companies typically consume cash through working capital

Every card, reduced to what it teaches

Under each heading, the key points of the card. A long definition becomes four or five ideas you can check off.

Print preview
Accounting — study guide
1. The three statements
· How they link · What net income feeds
2. Cash flow statement weak
· Non-cash adjustments · Working capital
3. Balance sheet
· Net debt · Deferred taxes

Take it to paper

The print view drops the shading if you want a clean copy, or keeps it so the weak spots are marked on the page in front of you.

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The whole set on one page, with your weak spots marked.

Every way of studying a set feeds the same memory of what you know — and every one is built for the answer in your own words.