Recent Tutoring Session Reviews
"Today the student and I did the final prep for her exam later today. We covered the multi-step income statement and how to solve for income/loss from discontinued operations. We also covered the difference between FIFO and LIFO methods of reporting. We will meet later this week to go over new material."
"We covered balance sheets, income statements and cash flow statements. We discussed cash base accounting and accrual accounting, the difference between cash flows and income flows, spent some time on prepaid expenses and deferred expenses and taxes."
"During our session, the student completed two worksheets/homework assignments covering how to account for different types of bonds, installment sales, operating lease and capital lease transactions. We discussed the similarities and differences among the various types of transactions noted above and how the accounting treatment differs for each. He did well during our session."