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J. Thomas F.

Ret'd college instructor, Accounting Principles and Business Law

Ret'd college instructor, Accounting Principles and Business Law

$40/hour

About J. Thomas


Bio

I took my first Accounting course for the same reason that most students do so, because it was required. I began somewhat in toleration mode but obviously became more enthusiastic during my years of study. I have come to view Accounting as the nervous system of the business, gathering information to help define the future course of action. The best doctors must be both technically competent and have good interpersonal skills. A similar balance must be present for a manager to be...

I took my first Accounting course for the same reason that most students do so, because it was required. I began somewhat in toleration mode but obviously became more enthusiastic during my years of study. I have come to view Accounting as the nervous system of the business, gathering information to help define the future course of action. The best doctors must be both technically competent and have good interpersonal skills. A similar balance must be present for a manager to be effective. Small businesses thrive because the entrepreneur has such a balance. Quite commonly good ideas fail, not for lack of merit, but because there is limited business sense. In this context, Accounting is not an option, it is essential.

While I take pride in the fact that several students have told me that, because of my class, they have decided upon Accounting as a career, I realize that I am teaching mostly to those who will not do so. I make efforts to build confidence in those who may have been intimidated by stories about the difficulty of the subject. Business Law is also taught from the standpoint of influencing business decisions, not litigating and winning cases. They are expensive and have an uncertain outcome. So, Business Law is much less dramatic than the law shows on television because a good business lawyer doesn't win cases; he or she avoids them to the extent possible.

With 40 years of experience, I have developed many ways of making the same point until I find the best fit for the students. One example very early in Principles I, is to compare the Income Statement (temporary accounts) with the season and the Balance Sheet (permanent accounts) with the team record. Later, in both Principles I and II, when we get to financial analysis, I compare that to a physical. Both produce quantitative data which can yield warning signs and influence subsequent decisions. Adjusting entries can be compared to the senior portrait where the photographer definitely has the basic picture but may suggest changes in angle and posture to improve the portrait.

Also, I have developed my own method of teaching the Statement of Cash Flows so that, in one continuous process, the student can produce the statement producing both the direct and the indirect method.

In addition to teaching Accounting and Business Law, full-time, I practiced law part-time for 32 years, and have many personal experiences upon which to draw. Much of my practice was devoted to employment and real estate law, and the formation and transactions of small businesses. The cornerstone of Business Law is contracts. Indeed, examination of the contents of most Business Law textbooks reveals that a very substantial portion of each topic relies on a contractual foundation. Approximately one third of my course consisted of introductory material, and the remainder consisted of contracts with integration of the Uniform Commercial Code.

Retirement has its advantages but I thoroughly enjoyed the classroom and would like to continue to help students develop their skills in Accounting and/or Business Law. I will use various methods to make a point until arriving at one that does just that. Particularly as to Accounting, I have derive considerable satisfaction in watching may students following my path from tolerance of a necessity to embracing a subject.


Education

University of Detroit Mercy
Management Science
University of Michigan
MBA
Michigan State University - College of Law
J.D.

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Subjects

Business

Financial Accounting,

Financial Accounting

I have taught Principle I & II to community college students for over 45 years. Many arrive with little or no business background as well as anxiety about their math skills. In such an environment, I have devised many ways to impart the underlying concepts, including Financial Accounting.
Law

Law

I taught Business Law at a community college for over 45 years, and also practiced law part-time during that period. The law practice concentrated on real property, employment and small business formations and transactions.

Corporate Training

Law

Law

I taught Business Law at a community college for over 45 years, and also practiced law part-time during that period. The law practice concentrated on real property, employment and small business formations and transactions.

Homeschool

Prealgebra

Prealgebra

My undergraduate major was management science, which required Mathematics courses through Calculus III, as well as Linear Algebra, Probability and Business Statistics I & II. Although I spent my community college teaching career in the Business Department, I also taught Basic College Mathematics and Pre-Algebra outside that department for over 40 years. Each semester, I found a new way to convey at least one of the concepts involved. In retirement, I have also volunteered as an Algebra I tutor at the high school level, including Prealgebra.

Math

Prealgebra

Prealgebra

My undergraduate major was management science, which required Mathematics courses through Calculus III, as well as Linear Algebra, Probability and Business Statistics I & II. Although I spent my community college teaching career in the Business Department, I also taught Basic College Mathematics and Pre-Algebra outside that department for over 40 years. Each semester, I found a new way to convey at least one of the concepts involved. In retirement, I have also volunteered as an Algebra I tutor at the high school level, including Prealgebra.

Most Popular

Prealgebra

Prealgebra

My undergraduate major was management science, which required Mathematics courses through Calculus III, as well as Linear Algebra, Probability and Business Statistics I & II. Although I spent my community college teaching career in the Business Department, I also taught Basic College Mathematics and Pre-Algebra outside that department for over 40 years. Each semester, I found a new way to convey at least one of the concepts involved. In retirement, I have also volunteered as an Algebra I tutor at the high school level, including Prealgebra.

Other

Law

Law

I taught Business Law at a community college for over 45 years, and also practiced law part-time during that period. The law practice concentrated on real property, employment and small business formations and transactions.

Examples of Expertise


J. Thomas has provided examples of their subject expertise by answering 8 questions submitted by students on Wyzant’s Ask an Expert.

Ratings and Reviews


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Reviews

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Subject Matter Expert and excellent teaching style

Tom knows how to explain difficult concepts in practical terms. I was having difficulties on understanding several concepts in my graduate course in Financial Accounting, but after Tom explanations I got it. Excellent tutor!

Carlos, 8 lessons with J. Thomas
Contact J. Thomas

Response time: 4 hours

$40/hour

J. Thomas F.

$40/hour

  • No subscriptions or upfront payments

  • Only pay for the time you need

  • Find the right fit, or your first hour is free

Contact J. Thomas

Response time: 4 hours