Recent Tutoring Session Reviews
"We covered chapter 7 and chapter 8, graded problems and self-test quizzes. We also prepared for the upcoming exam this week and started preparing for four more chapters next week."
"The student and I reviewed Chapter 6 material together. His understanding of accounting increases in leaps every week, and he is starting to see the big picture of how things are connected."
"We studied Activity-Based Management, Balanced Scorecard, Reviewing Overhead Allocation based on different activity drivers for paper case study."
"We went over Asset, Liability and Equity accounts as well as debits and credits. We did two practice problems that I brought to the session and we also partially covered the test review."
"We reviewed the concepts: financial/management accounting, use and preparation of balance sheet, statement of cash flows, and income statement."
"Continued Chap. 13. We discussed Monetary policy, M1, M2, we discussed the Fed and its affect on monetary policy. Discount Rate, Leverage Ratio, Reserves, Excess Reserves and how it all affects lending all the way down to individuals."
"We reviewed the student's homework, which included journal entries for accumulated depreciation, interest expense, and sale of assets."
"Reviewed Time Value of Money, Bonds, and Liabilities. The student provided study material and we reviewed several concepts in preparation for Friday's exam."
"In this session we covered profit ratios and retention/ through-put calculations for the student's accounting class. We ran through her practice problems for her class, and then I sent her the same problems with different numbers in Excel which we they worked through. We also covered an overview of concepts including what profit margin is, why it is expressed in percent, and what the real-world implications of the numbers are."
"The student is very nice and a smart girl. She has an Accounting exam next Friday covering chapters 8,9, and 10 of her text book about Current Liabilities, Long-Term Assets, and Long-Term Liabilities. Tonight we covered Current Liabilities. I will meet her next week Monday and Wednesday to cover the other 2 chapters for her before her exam. She agreed we would extend our session for 2 hours instead of 1.5."
"During the session, the student and I covered inventory costing methods including FIFO, LIFO and the average cost method. We completed three homework problems related to the concepts. I instructed her how to read accounting problems, synthesize the questions and respond logically to the questions. Since we've started working together, I've seen an increase in her confidence level and ability to think critically about the problems and work toward a solution."