Recent Tutoring Session Reviews
"We covered IRR, EAY, cash flows, solving for PV and FV. I also worked with the student to review for her pre-cal test that got pushed to this week. I tested her with note cards over key concepts."
"The student and I worked on looking at problems concerning lean manufacturing and reducing waste. He did well for the majority of questions and only had a few concerns, especially with productivity ratios and price-recovery component when a manufacturing process is made more efficient. He is going to do well in the remainder of the course because he is concerned about doing well."
"Today the student worked on his Accounting project on an auto company. He completed the executive summary. He has information to complete the second part, which will be on the history of the company. He then worked on the fourth section, which had to deal with stockholder's recommendations. This included buying, holding, or selling. Then, we began to discuss the competitive analysis section. We ended with a brief discussion of his other classes."
"We went through two chapters for her class since she missed her last in-class session. We talked through Revenue Management and Financial Analysis and Ratios. We covered different topics in each such as pricing structures, customer segmentation, and RevPAR. For Financial Analysis, we also discussed the formulas form and real-world applications of metrics with as P/E Ratio, EPS, Current Ratio, Occupancy %, and different profit margins. She is moving along quite well and with a little bit more practice/memorization will have all the ratios down."
"In preparation for her exam on Thursday, we've been reviewing book problems as well as practice tests. She has also been doing a lot of studying on her own."
"Session Three: 03-14 from 3:30-5:45. We did a strong session on chapter one with the student doing a full "demonstration problem" from the text by himself this time. I didn't help him do it, rather queried what he thought the other part of the transaction was supposed to be. It was a good problem for him and we spent as much time on teaching English as doing accounting. The problem was all "written" in English and sometimes "revenues" were discussed as "services," others as "things done for cash," and other times as "things done to be paid for later," other times "cash from haircuts." All were "sales" and he had to work out in his mind what these different concepts meant. I showed him several "tips" on how to handle the credit/debit issues. (If you know that the first part of the transaction is a debit and you are SURE of that, then you are then looking for what the credit account is supposed to be.) Much of the session was based on "translation" where we discussed the difference between accounts payable and notes payable and things like that. He read out each of the "transactions" from #a-m in the demonstration problem in the book and we discussed the vocabulary in each question to be sure he understood what each of the concepts/words meant. On Tuesday we are going to review chapters 2-4 and on Wednesday, chapters 5-6. He has a test the following Thursday on chapters 5-8, so the next week we are going to work on chapters 7-8 and review for the test."
"We went over general introductions. We talked about what student has previously struggled with in subject. We addressed her review sheet and study methods. We addressed upcoming exam for student and being off for spring break. Student wanted opportunity to review exam sheet and touch base with me in the week regarding five problems on review sheet."