Recent Tutoring Session Reviews
"Another great session. The student is beginning to demonstrate more and more confidence in the material. Stepped through the Macro session again, completed an exercise that parsed out summary data from a large sample and created various graphs and charts, went through importing a text file and importing data from the Web, and creating hyper-links for each tab in a workbook."
"We reviewed chapters 2 and 3 and went over practice questions and quizzes. We covered mostly the recording process and posting of transactions."
"The student and I reviewed material for Chapter 11, and went through the concepts necessary to succeed on her Chapter 11 quiz. We also discussed her assignment due dates."
"The student is preparing for several accounting/finance related tests for his job as an investment banker. Today, we spent most of the time talking about the general theory of valuation. We outlined the idea that is central to academic valuation: discounted value of prefinancing free cash flows. First we discussed why free cash flow is not the same as net income and the nature of the key adjustments required to get from net income to net cash flow. These adjustments include: depreciation and amortization, changes in receivables, inventory and payables, and capital spending. We also went through a very brief summary of the Capital Asset Pricing Model (CAPM) in order to come up with how we calculated the required rate of return on equity and in turn, the Weighted Average Cost of Capital (WACC). We also talked about the weaknesses of discounted free cash flow as a valuation methodology. Other valuation methods we discussed are the use of multiples like EBITDA or EBITDA-Capex or even in rare cases, revenue multiples. We will discuss dividend discount model valuation techniques next time."
"We met to look over the textbook and future assignments. I introduced the student to the basic accounting equation and other basic principles."
"We discussed the use of three major accounting statements. We looked at the difference between financial and management accounting. We ended by going over his homework."
"We mainly covered revenue recognition for installment sales using the percentage of completion method. We also looked at the format of a basic income statement."
"The student worked on activity based management for a case study. I addressed the student's questions with the homework."
"We went over Asset, Liability and Equity accounts as well as debits and credits. We also partially covered the test review."
"We covered topics including General Journal, Adjusted Trial Balance, Unadjusted Trial Balance, solving multiple choice questions and problem statements."
"Today we prepped for the student's test by reviewing all of her notes and materials for the semester thus far."
"We continued our tutoring session in Macroeconomics from last session. We finished up chapter 12 dealing with production, capital and human resources."