Double-entry Bookkeeping Right at One's Fingertips
Internationally successful iPhone app now available on the American market
BERLIN, January 16, 2013 /PRNewswire/ --
StudyAccounting is the first iPhone app which allows learners to practice posting
transactions to the correct T-accounts just by tapping their touchscreens. Users get
immediate feedback on whether their choices are correct, so they continue learning
throughout the entire exercise. The app, which is available for purchase in the App Store,
is particularly suited to 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," explains
bookkeeping expert Hans Peter Ruehl. App 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 T-accounts.
The app starts by presenting some basic terminology, using clear graphics to make
concepts more easily accessible; multiple-choice questions help users internalize new
words. Bit by bit, users add to their knowledge, working their way up to the most
essential element of double-entry bookkeeping: posting business transactions to so-called
T-accounts. After that, it's time to start practicing-the app presents a series of
transactions, and users post each one by tapping the correct T-accounts. Immediately after
making each 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 method provides a playful introduction to the different steps of the
double-entry bookkeeping process and helps learners consolidate their knowledge.
For the past 13 years, Hans Peter Ruehl has been training and consulting managers on
double-entry bookkeeping; his app's explanations draw upon the pedagogical concept he has
developed over time. Apps using Ruehl's teaching model are available in all
English-speaking countries, and his German-language bookkeeping app has already become one
of Germany's most successful educational apps. StudyAccounting was launched in December
2012, and can be downloaded from the App Store for $9.99.