Recent Tutoring Session Reviews
"The student and I were able to successfully complete additional problems related to Tax Accounting, which this provides him with a good head start in understanding the accounting standards and requirements related to the personal, rental, and business use of homes. Questions covered included a focus on before and after interest expense/tax deductibility, as well as the business use of a home (and the completion of Form 8829)."
"We reviewed cost of goods manufactured, cost of goods sold, income statement, job order costing, over/under applied overhead, period costs, product costs, and manufacturing overhead components. I also assisted in reviewing an Extra Credit assignment involving comparisons of two corporations using liquidity, solvency, and profitability ratios. The student shows good progress with the material."
"The student and I worked on figuring out what she remembers the least about her high school math education. We worked with solid geometry today and in our next session we would work on coordinate geometry."
"The student did great today. He buckled down and studied enough the past week. Today we went over things that he didn't quite understand."
"Tonight, the student and I worked a couple of problems on depreciation, involving straight Line, MACRS, double line depreciation, and sum of years depreciation. We discussed the difference in each formula and how to construct an excel sheet to do these calculations We finished a little early. He is sending me his completed excel sheets to look over before class on Saturday."
"We covered the basics of accounting, including account types, journal entries and T accounts. I recommended that the student prepare a "cheat sheet" to help in the preparation of journal entries. This cheat sheet lays out the main account types, and whether increases and decreases are represented by debits or credits. I also explained a process of understanding why certain accounts are used to reflect the transaction. By using this method, he can check his own work and force an explanation of why. This process often reveals errors, which can easily be corrected. I am confident that we can work together to improve his understanding of the material and improve success in his course."