I've co-taught a course at Bentley University for almost three years and have over 500 hours of tutoring at Bentley's tutoring center. I'm a senior accounting major with a 3.98 GPA, and I'm starting as a Big Four auditor after graduation. Most of my students are freshmen and sophomores in intro accounting and business classes, but I also tutor upper-level and graduate accounting courses, high school intro accounting, economics, and Excel.
I love accounting because once you understand why a...
I've co-taught a course at Bentley University for almost three years and have over 500 hours of tutoring at Bentley's tutoring center. I'm a senior accounting major with a 3.98 GPA, and I'm starting as a Big Four auditor after graduation. Most of my students are freshmen and sophomores in intro accounting and business classes, but I also tutor upper-level and graduate accounting courses, high school intro accounting, economics, and Excel.
I love accounting because once you understand why a rule exists, you don't have to memorize it. Most of it comes back to a few core ideas like the matching principle and revenue recognition, so I teach every topic by tying it back to those. I'll also ask why FASB set a rule up the way it did. Financial statements are built for investors and creditors, so you end up learning some finance too.
Bonds are a good example. When you buy a bond at a discount, you pay less than face value today but still get the full face value at maturity. That's because the coupon pays less than the market rate, and the discount makes up the difference. So your real return is the market rate, not the coupon, and that's what you record as interest revenue. The extra revenue above the cash you receive slowly raises the bond's book value until it hits face value at maturity, so there's nothing to clean up when you get paid out. Once you see the economics, the journal entries make sense.
I want you working through problems with me, not watching me solve them. I'll ask questions as we go and use active recall so you can do it on your own on exam day. I also hold Excel Associate and Expert certifications and work with Python and SQL if you need help on the data side.
If accounting feels like a bunch of random rules right now, message me with your class, when your next exam is, and what's tripping you up.