Common Challenges With Accounting
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Accounting Principles
Accounting is based on fundamental principles like the matching principle, revenue recognition principle, etc. We break down these principles into smaller, understandable parts, using real-life examples to illustrate them.
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Accounting Terminology
Accounting has a specific language. Terms like debits, credits, liabilities, equity can be confusing for beginners. We provide clear definitions and contexts for these terms to make them more accessible and relatable.
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Formulas and Calculations
Accounting involves various formulas and calculations. Students may find it challenging to remember and apply them. We offer structured lessons and practice exercises to help students understand and remember these formulas.
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Financial Statements
Reading and interpreting financial statements is a crucial skill in accounting, but students often find it daunting. We use actual financial statements from different types of companies to provide hands-on practice in analyzing these documents.
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Theoretical Knowledge
Students may struggle to apply their theoretical accounting knowledge to real-world scenarios. We bridge this gap by providing practical examples that demonstrate how accounting principles are used in actual business situations.
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Managing Time during Exams
Accounting exams can be stressful and demanding. We provide test-taking strategies, practice tests under timed conditions, and stress management techniques to help students succeed.
Ways We Tutor Accounting
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Progressive Learning
Accounting is a cumulative subject where one topic often builds upon another. We ensure our teaching method follows a progressive structure, starting with foundational concepts before moving on to more complex topics.
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Concept Maps
This involves visually representing the relationships between different accounting concepts. This approach is particularly useful in explaining how various elements of financial statements interact with one another.
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Real-world Case Studies
By analyzing real-world case studies, students can apply theoretical knowledge to practical situations. This also provides context to accounting rules and principles, helping to cement understanding.
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Practical Exercises
We engage students in activities such as preparing balance sheets, income statements, and cash flow statements from provided data. This hands-on approach solidifies understanding and application of accounting principles.
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Flashcards for Terminology
We use flashcards to help students remember key accounting terms and definitions. This can be particularly useful in mastering the specific language of accounting.
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Use of Accounting Software
Familiarizing students with commonly used accounting software such as QuickBooks or Sage can help them understand how theoretical concepts are applied in a modern, digital context.
Our Accounting Tutor Qualifications
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Advanced Business Degrees
Our Accounting tutors are highly skilled and knowledgeable in the subject, backed by strong academic credentials. With degrees in business or related disciplines, they bring a deep understanding of business concepts to the table.
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Experience Teaching Business
Our tutors are skilled educators who have honed their teaching methods through experience and training. They employ a variety of effective instructional strategies, adapting their approach to suit individual learning styles.
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Friendly Personality
Our tutors embody warmth and approachability. They foster an engaging learning environment, facilitating open communication and making students feel comfortable asking questions or expressing concerns.
Example Accounting Tutoring Packages
We offer diverse and flexible options, catering to your child's unique needs and your family's schedule. Choose from ad-hoc sessions for immediate needs, to long-term plans for ongoing support.
Our most common tutoring plans:
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Semester Support
This package offers regular tutoring sessions for an entire academic semester, ensuring consistent support for the student. The frequency could be 1-3 times per week depending on the need.
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Monthly Intensive
This offers more frequent sessions over a one-month period. This could be suitable for a student who needs to catch up quickly or prepare for an important exam.
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Ad-hoc Sessions
For students who require tutoring on a more sporadic or as-needed basis.