A new iPhone app aims to teach double-entry bookkeeping to accounting students and non-accountants.
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StudyAccounting allows users to practice posting transactions to the correct accounts by tapping their touch screens.
Users receive feedback on whether their choices are correct, so they can continue learning throughout the entire exercise. The app, which is available for purchase in the App Store, and is aimed at students preparing for exams and managers unfamiliar with accounting.
"I want to make it as easy as possible for new business-management students and people with no accounting experience to get started with double-entry bookkeeping," said Hans Peter Rühl, who developed the app, and brought it from the German market to the U.S. He has been training managers on double-entry bookkeeping for 13 years.
Users learn the principles of double-entry bookkeeping step by step over 44 chapters, and can practice posting even complex transactions just by tapping graphical representations of the relevant accounts.
The app starts by presenting basic terminology, with graphics to make concepts more understandable. Multiple-choice questions help users learn the correct terminology.
Once users learn how to post business transactions to accounts, they can start practicing. The app presents a series of transactions, and users post each one by tapping the correct accounts. After making a selection, users learn whether their choices were correct or not. Only after having successfully posted the entire set of transactions can they move on to the next page.
The app is available from Apple’s App Store for $9.99. For more information, visit