The program allows you to listen to any audio or video file. You can rewind or fast-forward a few seconds in order to retrieve any part that you might not have understood. In addition, the program comes with a fully-functional and integrated text editor, with which you can easily create a document with all the audio content.
The program is particularly useful for students, conference members, and even journalists - anyone who might need to record audio from which they can later take notes.
Listen N Write Free is a great transcription tool. It uses a relatively simple interface so that any user may use it to record and takes notes.