Recent Tutoring Session Reviews
"Today the student and I discussed his goals and previous learning strategies, and then dived in to review units on Human Resource Management (demographic changes, labor mobility, etc.), Crisis Management (contingency planning, competing incentives in the process, etc.), and Budgeting (a detailed example of variance analysis in a corporate budget). We get along well and as the student is bilingual and I am learning French, we had a nice point of connection."
"Student is going to create three different version of a pivot table that we will discuss at the next session. He seems very eager to learn Excel topics and possibly move into other areas as well in the future."
"We went through the student's real estate finance homework. Topics covered included fixed rate mortgages vs. adjustable rate mortgages, interest caps, end-of-year loan balances, and IRR."
"The student and I reviewed strategic cost management principles and integrating solving problems with ABC costing. The problems posed scenarios where different overhead activities and direct costs were modified, reduced, or eliminated to determine new profit per unit, overall profitability for a finite product life cycle, and increasing market share. He was unsure as to how certain calculations were computed but I pointed out that he had to always refer to the "traditional" costing method to determine activity rates. After a while, he became more confident and was aware of the different cost drivers."
"He re-did his chapter 8-11 test this time focused on the Discussion Questions which were not answered initially. We went through each chapter and answered the assigned questions."
"We covered several practice problems from chapters one and two. The student flies through the material and makes very few mistakes. He should be in good shape for his next exam. In the next session, we'll cover his class PowerPoints from chapters 5-8."
"Today we started with a given unadjusted trial balance, did the period ending adjustments then converted that into an income statement. I showed him how the "accounts" on the trial balance are in an order that actually IS the balance sheet and income statement. Not sure he comprehended that before so marked up that trial balance showing the different "groupings" of accounts as well as created a template if you will of all the "headers" you would have on a standard balance sheet and income statement for him to work with. Gave him some hints for looking at the unadjusted trial balance to not only learn the name of the accounts that were being presented in the problem but also note whether they were an account with a traditionally CR or DB balance. Discussed what "Gross" and "Net" mean. We have the basis for doing the balance sheet next but ran out of time today. My feeling is that he is slowly learning how much he doesn't know.... Not only about English but accounting as well."