I decided to start a new thread dedicated to the software-based flashcards. The main principle is the same - repeat, repeat and repeat. However, the software-based flashcards follow more scientific approach of spaced repetition technique i.e. the software will show you a card according to its algorithm. The most popular package available today is Anki. (another one is Mnemosyne, however it is a bit complicated to everyday use). Anki allows text, formulas, pictures and even audio to be used as a flashcards. I find this kind of diversity very useful as human brain learns via all sensory inputs. The best feature of Anki comes from its ability to save your deck on the server online and sync up all of your installations. For example I use Anki at home, at work and on my laptop. To kick start the project I'm going to upload my own version of the card deck for GMAT. It is by all means not a complete version as I have not finished all the books I have stacked up for the exam

Please feel free to provide your suggestions and corrections.
Cheers, kundozei