Turn Accounting Into Something You Actually Get
Turn any accounting page into clear summaries, real-world examples, and exam-ready quizzes — all without leaving your browser.
Study Buddy
Just install and go
Everything you need to study smarter
Built specifically for accounting students. Every summary, explanation, and quiz reflects how accounting is actually taught and tested.
Page Summary
Turn any accounting page into a clear summary with key takeaways, term definitions, and exam relevance — in one click.
Lemonade Example
See every concept through a lemonade-stand scenario — with journal entries, statement impacts, and common exam mistakes.
Teach Me
Get calm, structured explanations in plain language with exam traps and a mini glossary. Like a patient tutor sitting next to you.
Test Me (Quiz)
5 exam-style questions mixing conceptual, numerical, and spot-the-mistake formats. Instant feedback helps you learn from mistakes.
Study History
Track every session — topics studied, quiz scores, and timestamps. All stored locally on your device.
Smart Classification
Automatically detects your content level (Intro, Financial, Managerial, Intermediate, Tax/Audit) and adjusts accordingly.
Three simple steps to study smarter
No complicated setup. Just highlight, click, and learn.
Highlight text on any page
Select any accounting content on a webpage — a textbook paragraph, a practice problem, or lecture notes. A floating menu appears with your study options.
Click the Study Buddy icon
Click the extension icon in your toolbar to open the side panel. Choose to summarize the full page or work with your highlighted selection.
Learn, quiz, or review
Pick what you need: a clear summary, a lemonade-stand example, a calm explanation, or an exam-style quiz. Results appear instantly in the side panel.
Pro tip: Highlight specific text on the page before using any feature. This focuses your summary, explanation, or quiz on exactly what you're studying — instead of the entire page.
See it in action
Preview the side panel and explore how each feature turns accounting content into study-ready material.
TL;DR
Revenue recognition under ASC 606 requires companies to recognize revenue when control of goods or services transfers to the customer, following a five-step model that replaced the older rules-based approach.
Key Accounting Takeaways
- Five-step model: Identify contract → Identify performance obligations → Determine transaction price → Allocate price → Recognize revenue
- Revenue is recognized when (or as) performance obligations are satisfied
- The concept of "control transfer" replaced the older "risks and rewards" approach
- Variable consideration must be estimated and constrained
- Contract modifications may require separate accounting
Key Terms & Definitions
- Performance Obligation: A promise to transfer a distinct good or service
- Transaction Price: The amount of consideration expected in exchange for goods/services
- Variable Consideration: Discounts, rebates, refunds, or bonuses that make the price uncertain
How This Shows Up on an Exam
- Expect multi-step problems requiring you to walk through all 5 steps
- Watch for questions testing whether goods/services are "distinct" (can the customer benefit from it on its own?)
Hear from students who study smarter
Accounting students at universities across the country use Study Buddy to turn confusing textbook content into something they actually understand.
"I used to re-read the same revenue recognition chapter three times and still not get it. The lemonade examples finally made it click — I actually understand accruals now."
Priya M.
Accounting Major · University of Texas at Austin
"The quizzes caught mistakes I didn't even know I was making. I went from a C+ to a B+ on my intermediate accounting midterm after two weeks of using this."
Jordan T.
Junior, Business Administration · Penn State
"I highlight a paragraph from my FASB codification reading, click Lemonade Example, and suddenly it's a story about selling cups of lemonade. My study group thinks I'm a genius now."
Marcus L.
MAcc Student · University of Illinois Urbana-Champaign
"This is the tutor I wish I had during my first accounting class. The Teach Me feature explains things the way a good TA would — patient, clear, and focused on what shows up on exams."
Sarah K.
Sophomore, Accounting · University of Michigan
"I work full-time and take night classes. I don't have hours to re-read chapters. One-click summaries save me at least an hour per week, and the quiz feature helps me check if I actually retained anything."
David R.
Part-time MBA · Georgia State University
"My professor assigns 40-page FASB readings. I highlight the key section, hit Summarize, and get the exam-relevant takeaways in seconds. It's like having CliffsNotes written by someone who actually passed the CPA."
Emily W.
Senior, Accounting · Ohio State University
Start free, upgrade anytime
Try every feature for free. When you're ready for more, upgrade to keep studying without interruptions.
Free
Explore Accounting Study Buddy and see how it fits your study workflow.
- All 4 study features included
- Page summaries & key takeaways
- Lemonade-stand examples
- Teach Me explanations
- Local study history
Standard
Perfect for regular accounting students who study consistently.
- Everything in Free
- Study as much as you need
- All features, no interruptions
- Full study history tracking
- Cancel anytime
Advanced
Built for heavy studying and CPA prep — study without limits.
- Everything in Standard
- Unlimited studying
- CPA-focused content depth
- Perfect for exam season
- Priority support
All plans include every study feature. Upgrade or cancel anytime. Payments processed securely via Stripe. Questions? [email protected]
Common questions, clear answers
Everything you need to know before getting started.
Still have questions? Reach us at [email protected]
Install in under a minute
No accounts, no configuration. Just install and start studying.
Visit the Chrome Web Store
Click "Add to Chrome" above to open the extension listing on the Chrome Web Store.
Click "Add to Chrome"
On the store page, click the blue "Add to Chrome" button and confirm the installation prompt.
Pin the extension
Click the puzzle icon in your toolbar and pin Accounting Study Buddy for easy access.
Start studying
That's it! No accounts, no setup. Click the icon or highlight text on any page to start learning.
You'll be redirected to the Chrome Web Store.
Ready to study smarter?
Install the extension and try every feature free. Understand accounting faster, learn without re-reading, and feel confident on exam day.
Add to Chrome — It's Free