Recent Tutoring Session Reviews
"I worked with the students and discussed short-term decision making and important related concepts including relevant costs, sunk costs, and contribution margin. We also reviewed fixed costs, variable costs, and depreciation. Next time, we will work on a review of their accounting lab assignment."
"In this session, things began to fall into place. The student has a tremendous ability to pull things together. Somehow, she scored a 94% on her Intro to Microeconomics test. I expect her to somehow hit a home run tomorrow."
"The student and I began to prepare for his final on Saturday by looking at questions from previous final exams. This required the use of interpreting financial statements and their accompanying notes. We plan to continue this tomorrow."
"The student and I covered concepts related to revenue recognition, primarily focusing on the percentage of completion method. We reviewed the percentage of completion calculations and the application of these values to determine gross profits to date and for each year, as well as the required journal entries to record construction in progress, receivables/billings, construction revenue to date, etc. We also reviewed depreciation methods again, focusing on partial year straight line, double declining, and the sum-of-years digits."
"The student is very pleasant. She is looking to transition back into an accounting career and wanted a refresher discussion. We discussed the basic general ledger accounts of assets, liabilities, equity, revenue, and expense. We also explored uncollectable receivables and adjusting entries in detail. She would like to do at least four more sessions at this time each week. She has very strong accounting skills to build from."
"This was our second meeting in review for the student's upcoming final exam. This time, we tackled the indirect method for calculating the statement of cash flows for each section of the document (operating, investing, and financing activities). Supplements to her final cheat sheet were provided."