Request Tutoring Info
Please enter name
Please enter email
Please enter phone
Please enter details
NORTHBROOK Accounting tutors

Book Top-Rated Accounting Tutors Near Me In NORTHBROOK, IL

Our NORTHBROOK Accounting tutors are top college students and graduates from local area universities. They have an average GPA of 3.5 or higher in their areas of tutoring specialization. At Frog Tutoring, we work with students in all grade levels and our NORTHBROOK private Accounting tutors provide customized one on one in-home tutoring through our proven three step approach to academic success.

1.Bring student up to speed by reviewing past work to ensure they are not missing any important concepts that might affect their abilities to learn future lessons. 2. Keep student ahead of the class by using the teachers lesson plan, textbook, and online curriculum to cover lessons before it is taught in class. 2. Reinforce key concepts they might have missed. This ensures they will never be behind again. Your tutor will also help with organization, study skills, and note taking strategies.
Your NORTHBROOK area Accounting tutor will also track student progress through detailed session reports which will be available to you at the end of each tutoring session. If it is okay with you, your tutor will contact your child's teacher, for K-12, to get a more detailed understanding of what they are struggling with and also to make sure that he/she and the teacher are both on the same page in their approach to tackling the problem.

Browse our list of qualified Accounting tutors below. If you are in need of an Accounting tutor in NORTHBROOK, please call us or simply go to the tab above and Request a Tutor and let us help provide the understanding and assistance needed for success.

Read more... Read less
cnn cbs boston miami fox news

List of High-Achieving Accounting Tutors Near Me In NORTHBROOK, IL For In-Person & Online Tutoring


How it works

tutors, tutoring, tutoring service, tutoring services, homework help, private tutors, home tutors

Request any tutor by submitting a form

tutors, tutoring, tutoring service, tutoring services, homework help, private tutors, home tutors

Speak with our enrollment advisor to get your questions answered

tutors, tutoring, tutoring service, tutoring services, homework help, private tutors, home tutors

Get connected with your private in-person or online tutor

Our Students and Parents Love Us
as Much as We Love Them

">
DM
Knowledge
Presentation

{not commented yet}she was very knowledgeable and patient with my daughter

">
JN
Knowledge
Presentation

Robert has been excellent and extremely helpful to my son. He is also flexible and has been willing to meet with my son prior to his exams for tutoring. MY son started the semester with a D and has increased his to a B. Thank you Robert!

">
TA
Knowledge
Presentation

Alex has thoroughly enjoyed the sessions and found them to be very helpful. I am really happy with the feedback and the communication. Wouldn't hesitate to recommend.

">
JY
Knowledge
Presentation

Rosemary was super helpful going over some of the concepts that were tricky, and helped explain the content well.

">
HM
Knowledge
Presentation

Super helpful and willing to adjust to my learning habits. I really enjoy our time working together as the preparation from her end is very noticeable and appreciated.

">
LC
Knowledge
Presentation

Great tutoring session!

">
JC
Knowledge
Presentation

Sarah is our 5th tutor we have used on Frog tutoring. In just one short month of tutoring my child with ADHD, she has improved his math grade from a C to an A-!! We are so happy for the progress our child has made with Sarah’s help, and we will definitely continue to use her as our child’s...

">
JL
Knowledge
Presentation

{not commented yet}The sessions are going well and I am understanding the material . The information is clear , which I love.

">
RG
Knowledge
Presentation

Overall, AJ was absolutely amazing. I didn’t understand almost anything in physics and he made it seem like elementary grade stuff, overall was amazing and I will miss him

">
KB
Knowledge
Presentation

Ali is an amazing tutor always willing to help me on my school assignments and is a very down-to-earth person.

">
JD
Knowledge
Presentation

good tutor

">
KB
Knowledge
Presentation

Looking forward to meeting you.

">
AN
Knowledge
Presentation

Joyce has been great in helping me review topics for the NCLEX

">
SM
Knowledge
Presentation

Ryan in very knowledgeable on the topics I was needing help with. He is professional and works around your schedule. The best tutor I have had on frog tutoring.

">
RW
Knowledge
Presentation

Good tutor

">
RW
Knowledge
Presentation

Never partnered so unable to rate accurately but frog tutors are great so why not give a 5

">
OS
Knowledge
Presentation

patient and knowledgeable

">
Dm
Knowledge
Presentation

{not commented yet}Hayeon Lee is fantastic !
Very knowledgeable and wonderful to work with.
She is kind and is very easy to learn from.
Thank you for finding her.
We have another session Tuesday but I have to reschedule
Perhaps Wednesday?

">
DY
Knowledge
Presentation

Very encouraging and funny. He makes learning fun and teaches in a very simple, easy way to understand.

">
MP
Knowledge
Presentation

Pamela is wonderful! She's the perfect fit for my son! She's very engaging and makes tutoring fun for him

">
HB
Knowledge
Presentation

{not commented yet}
Vince is very happy with this tutor.

">
RF
Knowledge
Presentation

{not commented yet}Jaelynn Cafourek's accomplished computer skills and college training make her a very valuable asset to those who need a professional with their studies.I highly recommend her and her excellent attitude, and clear ability to connect with others and their specific learning...

">
JS
Knowledge
Presentation

Carolle is an excellent tutor. She explains things well, sends me frequent reminders of what I learned during the week, and is altogether a pleasure

">
DR
Knowledge
Presentation

Jeff was extremely knowledgeable and helpful. Deep industry knowledge in running in investment firm and very solid resource. Thank you!

">
MV
Knowledge
Presentation

{not commented yet}
Joyce is very knowledgeable and helpful.

">
TS
Knowledge
Presentation

A very smart individual, has great knowledge to cover the stuff needed based off your preference.

">
RF
Knowledge
Presentation

{not commented yet}Craig has been a big help with helping me learn how to use the internet, navigate a job search and I have learned quite a bit in a shot time.

">
DY
Knowledge
Presentation

Makes learing fun!

">
OT
Knowledge
Presentation

Matthew and I concentrated on financial statements in my CFA Level 1 curriculum. He was extremely knowledgeable and, with his own industry experience, he was very effective at providing real-life examples that made it easier to understand the concepts.

">
Ma
Knowledge
Presentation

He is a great tutor. He knows the topics very well and explains them easily. My only complaint is that his handwriting is somewhat messy. All in all, he is a great SAT tutor for English and math.

">
MB
Knowledge
Presentation

Awesome! he and my son work great together! My Son won't work with anyone else.

">
IB
Knowledge
Presentation

Gurleen is AMAZING!!!!!! She is the best tutor you will find on here. She is very knowledgeable on chemistry and will help you work through so many problems despite them being very challenging. Gurleen helps with retaining the knowledge and provides notes and practice problems as well. if you need...

">
RH
Knowledge
Presentation

Dana is very knwoedgable, especially with anatomy. I was a earning around an 80-84 percent(C) in my medical program exams. With Dana's assistance and vast knowledge in this subject I have passed a written exam AND a practical with a 92(A)!!! Dana positively encourages/challenges her students...

">
LC
Knowledge
Presentation

Sunita Woodcheke has not only demonstrated an extraordinary commitment to my child's academic progress but has also exhibited remarkable patience, enthusiasm, and expertise in their teaching approach. Through personalized lessons and tailored guidance Sunita has fostered a supportive learning...

">
SM
Knowledge
Presentation

Kevin is knowledgeable about math, and he knows how to teach. I’m very rusty on my skills, but he’s been nothing but patient with me. He absorbs my weaknesses and focuses on what I need help with. I appreciate all he’s done so far.

">
TG
Knowledge
Presentation

McKenna has done a great job of working with my daughter on geometry.

">
TM
Knowledge
Presentation

school rating and grades improved.

">
NC
Knowledge
Presentation

I am so happy with this tutoring, my son is engaged all the time. He loves to work in the computer and the activities that they do during the tutoring. She used many different way and form in order to keep him engaged.

">
EC
Knowledge
Presentation

Annie is great!!!!

">
EC
Knowledge
Presentation

Madi is fantastic!!

">
NT
Knowledge
Presentation

I don't sit next to my 9yo during sessions, and this is the first time I ever used a tutor. I can tell you that using a tutor eliminates all the fighting and whining from my kid about doing homework which makes me very happy. They get a lot done during an hour. The tutor is focused, prepared,...

">
PM
Knowledge
Presentation

Fabulous. Olivia is engaging, knowledgeable, and a delight to work with. Highly recommend. Always punctual. Always reliable. Always helpful. Competent with both homework help and direct instruction.

">
CH
Knowledge
Presentation

Extremely knowledgeable and gave direct examples of certain concepts I had trouble with. He also helped assess some of the specific terminology that I need to look for on the exam.

">
TG
Knowledge
Presentation

Chigbo explains concepts in a way that makes it easy to understand. My daughter's understanding and confidence had a real boost in just two days.

">
JE
Knowledge
Presentation

Matthew was very knowledgable in the CFP topics and is very flexible with his ability to review materials and go through the questioning.

">
KK
Knowledge
Presentation

Ivan is absolutely amazing with his knowledge, He is my tutor for college level pre-calculus and I can confidently say that I would not be able to get through my class without ivans help with the class material. He has great patience and will explain and walk you through each problem until you need...

">
AC
Knowledge
Presentation

Very encouraging and goes at a good pace which has been immensely beneficial. Very punctual, there's never been any issues with scheduling. Overall, I have been enjoying my sessions and I look forward to more as he helps me prepare for my ACT.

">
CP
Knowledge
Presentation

Taitana Has tutored my daughter in math and english, she has my daughter think differently in problem solving and expanded her vocabulary. She never gives you the answer but helps you solve a problem together for my daughter to understand why the problem or word is not correct. Will request her...

">
NB
Knowledge
Presentation

So far so good

">
ER
Knowledge
Presentation

Very encouraging, and I enjoy working with her

Qualification and Certification of Accounting Tutors Near Me In NORTHBROOK, IL


  • Undergraduate
  • Bachelor degree holders
  • Master degree holders
  • Ph.D. holders
  • Teaching Certification
  • Professional Certificate
  • Background checks
  • Tutoring experience
  • Continuous education
  • FrogTutoring verification certification

NORTHBROOK, IL Accounting Tutoring Rates


  • Price range from $37/hr - $65/hr
  • Rates vary based on the type of tutoring, methods used, and the number of hours required.
  • Contact our enrollment team to receive your personalized rate.

Tutoring Methods of Our Private Tutors In NORTHBROOK, IL


  • In-person/in-home tutoring
  • Online tutoring
  • One-on-one tutoring
  • Group lessons tutoring.

Tools We Use For Online Accounting Tutoring


  • Zoom
  • FrogTutoring custom online tutoring platform
  • The Lesson space

Our Accounting Clientele In NORTHBROOK, IL


  • High school students
  • Middle school students
  • College students
  • Adults
  • Special needs students

Tutoring Locations For Accounting In NORTHBROOK, IL


  • Student homes
  • Public Libraries
  • NORTHBROOK neighborhoods and suburbs

Sign up now for our one-on-one private Accounting tutoring in NORTHBROOK, IL


NORTHBROOK, IL Tutoring FAQ

What are the best tutoring services available in Northbrook, IL?

In Northbrook, IL, FrogTutoring stands out as one of the best tutoring services due to its personalized approach to education. They offer one-on-one tutoring tailored to the individual student's learning style and needs, covering a wide range of subjects and grade levels.

How can I find a qualified tutor in Northbrook, IL?

To find a qualified tutor in Northbrook, IL, you can utilize the services of FrogTutoring. They have a selection process that ensures their tutors are not only experts in their subject areas but also have the teaching skills necessary to convey complex concepts effectively.

What subjects are offered by tutors in Northbrook, IL?

Tutors in Northbrook, IL, especially those from FrogTutoring, offer a diverse range of subjects including mathematics, science, English, foreign languages, and test preparation for exams like the SAT and ACT. FrogTutoring also caters to specialized subjects depending on student needs.

Are there any flexible tutoring options for students in Northbrook, IL?

Yes, flexible tutoring options are available in Northbrook, IL, through FrogTutoring. They provide in-person and online tutoring sessions that can be scheduled around the student's availability to accommodate busy lifestyles and differing learning preferences.

Is it possible to get tutoring help for a child with learning differences in Northbrook, IL?

FrogTutoring in Northbrook, IL, acknowledges the unique challenges faced by students with learning differences. They offer specialized tutors trained to work with students with ADHD, dyslexia, and other learning disabilities, using tailored strategies to help them succeed.

What is the average cost of tutoring services in Northbrook, IL?

The cost of tutoring services in Northbrook, IL, can vary depending on several factors such as the subject, education level, and length of the tutoring sessions. FrogTutoring provides competitive pricing and package deals to make high-quality tutoring accessible for families.

How do I determine the right tutor for my child's needs in Northbrook, IL?

Determining the right tutor for your child involves considering the tutor's expertise in the relevant subject area and their ability to connect with your child. FrogTutoring offers consultations to understand your child's needs and then matches them with a tutor who is equipped to help them thrive academically.

Can tutoring improve my child's test scores in Northbrook, IL?

Yes, tutoring can significantly improve test scores. FrogTutoring in Northbrook, IL, provides targeted test preparation tutoring, which includes practice tests, test-taking strategies, and time management skills that can boost confidence and performance in exams.

Accounting FAQ

What is accounting tutoring?

Accounting tutoring is a form of personalized instruction focused on the subject of accounting, which includes understanding financial statements, bookkeeping, tax principles, auditing, and various accounting practices and standards. It is designed to help students and individuals gain a deeper comprehension of accounting concepts, improve their grades, prepare for exams, or enhance professional accounting skills.

How can accounting tutoring help improve my accounting skills?

Accounting tutoring can help improve your skills by providing one-on-one support tailored to your learning pace and style. A tutor can offer in-depth explanations of complex concepts, practice problems for mastery, real-world examples, and study strategies. This personalized attention can enhance your understanding, increase confidence, and improve academic or professional performance in accounting.

What topics are commonly covered in accounting tutoring sessions?

Accounting tutoring sessions commonly cover a range of topics including basic accounting principles, financial and managerial accounting, cost accounting, tax accounting, auditing, accounting software, financial analysis, and preparation for CPA exams. Sessions can be customized to focus on specific areas where a student may need additional help or practice.

How do I find a qualified accounting tutor?

To find a qualified accounting tutor, you can search for tutoring services online, ask for recommendations from peers, consult academic advising centers at educational institutions, or use platforms that connect students with professional tutors. Look for tutors with relevant degrees, professional certifications such as CPA designation, and positive reviews or testimonials from former students.

What qualifications should an accounting tutor have?

An accounting tutor should have a strong background in accounting, which typically includes a degree in accounting or a related field, practical accounting experience, and any relevant certifications, like the CPA (Certified Public Accountant). They should also possess good teaching skills and the ability to explain complex topics clearly and effectively.

Can accounting tutoring help me prepare for the CPA exam?

Yes, accounting tutoring can be extremely beneficial in preparing for the CPA exam. A tutor who is familiar with the CPA exam format and content can provide targeted guidance, test-taking strategies, and practice questions to enhance your understanding of the material and increase your chances of passing the exam successfully.

Common Questions on Accounting Tutors

How can an accounting tutor help me improve my grades?

An accounting tutor can provide personalized, one-on-one assistance to help you better understand accounting principles, improve your study habits, and grasp complex topics such as financial statements and tax laws. A tutor can also help prepare you for exams by offering practice problems and clarifying any points of confusion. If you're seeking to bolster your accounting knowledge and raise your grades, a specialized tutor can offer the targeted support you need. For personalized assistance, click on the link to request a tutor or learn more about our services. Request a tutor.

What qualifications should I look for in an accounting tutor?

When searching for an accounting tutor, you should look for someone with a strong educational background in accounting or a related field, professional experience in accounting, and the ability to teach complex concepts in a way that is clear and easy to understand. Additionally, a good tutor should be patient, communicative, and willing to tailor their teaching methods to suit your individual learning style. For access to qualified accounting tutors, click on the link to request a tutor or to learn more about our services. Find a qualified tutor.

How often should I meet with my accounting tutor for the best results?

The frequency of meetings with an accounting tutor will depend on your individual needs and goals. Some students may benefit from weekly sessions, while others might need more or less frequent help. Assess your coursework requirements, exam schedules, and personal learning pace to determine the most effective tutoring schedule for you. A tutor can also help you create a custom study plan. Ready to create a study plan that works for you? Click on the link to request a tutor or to find out more about our services. Schedule your tutoring sessions.

Can an accounting tutor help me with specific accounting software?

Yes, many accounting tutors have expertise in a variety of accounting software such as QuickBooks, Sage, or Microsoft Excel. They can provide hands-on guidance and instruction on how to effectively use these tools for accounting tasks, bookkeeping, and financial analysis. If you need help mastering accounting software, we have tutors ready to assist you. Click here to request a tutor or to get more information on our services. Learn accounting software.

Is online accounting tutoring as effective as in-person tutoring?

Online accounting tutoring can be just as effective as in-person tutoring, offering convenience, flexibility, and access to a wider range of tutors. With interactive tools such as video calling, screen sharing, and digital whiteboards, online tutoring provides an immersive learning experience. Whether you're looking for in-person or online support, the right tutor can make all the difference. Discover the benefits of online accounting tutoring today. Click the link to request a tutor or explore our tutoring options. Experience online tutoring.

NORTHBROOK, IL Neighborhoods We Service

Nestled in the northern suburbs of Chicago, Northbrook, Illinois is truly a gem for those seeking a harmonious blend of small-town charm and upscale suburban living. While some might not delineate Northbrook into traditional "neighborhoods" like the boroughs of a large city, the community does feature distinct areas, each with its unique character and appeal. From the lush, sprawling estates to family-friendly pockets with a strong sense of community, the village of Northbrook provides residents with an array of living experiences.

Starting in the east, you'll find the neighborhoods closest to the beautiful shores of Lake Michigan. Here, the areas often boast an ambiance of tranquility and seclusion, offering large lots and tree-lined streets. This region is perfect for those who value privacy and a slower pace of life just minutes away from the natural beauty of the lakefront.

Moving westward, the landscaped elegance of the Charlemagne and La Salceda subdivisions can be found. These neighborhoods are characterized by their spacious homes, groomed lawns, and peaceful surroundings, matched with a welcoming atmosphere that epitomizes suburban comfort.

Central Northbrook is the heart of it all, surrounding the bustling downtown area with its quaint shops, restaurants, and the Northbrook Court shopping mall. This district includes neighborhoods like Sunset Fields, where families thrive amidst parks and quality schools. The proximity of these homes to the village's wealth of amenities—from the Northbrook Public Library to the Meadowhill Aquatic Center—makes them ideal for active families.

Towards the northern boundary of Northbrook lies the Highlands neighborhood, known for its older, charming homes that blend the past with the present. The Highlands area is a testament to the village's history while still evolving with contemporary renovations and expansions that cater to modern needs.

On the western front, neighborhoods such as Sportsman's Cove and Timberlane Estates provide a more secluded lifestyle, with the added beauty of being adjacent to the Techny Basin and Sportsman's Country Club. Residents here value the spaciousness and natural scenery, including access to golf courses and forest preserves.

The neighborhood of Northbrook West is where serenity meets convenience, with its mix of ranches, split-levels, and two-story homes. This enclave is particularly known for its tight-knit community and active homeowners' association, fostering a strong sense of togetherness.

Lastly, towards the southern edge of Northbrook, one will find neighborhoods such as Royal Ridge and Cobblewood. These areas feature newer construction and often a blend of townhomes and single-family residences, delivering a modern take on the suburban lifestyle with lower maintenance properties, without sacrificing access to Northbrook's parks and excellent school system.

Whether you seek the expansive, luxury homes of east Northbrook, the community-centric living in the central districts, or the modern conveniences on the southern edge, Northbrook offers a neighborhood that caters to every type of resident. From young professionals to growing families, to those seeking a peaceful retreat for their retirement years, Northbrook's diverse neighborhoods come together to form a village that's rich in community spirit and quality of life.

About NORTHBROOK, IL And It’s Education Institutions

Nestled in the northern suburbs of Chicago, Northbrook, IL is a village rich in history and community spirit. Founded as Shermerville in 1901, it was later renamed Northbrook in 1923 to improve its public image. Today, Northbrook is a thriving community with a population of over 33,000 residents, according to recent estimates. Landmarks such as the Northbrook Historical Society and History Museum, which is housed in the restored 1890s Innisfail, provide a profound glimpse into Northbrook’s past. Furthermore, the Village Green, a central park located downtown, serves as a hub for community events and festivities. Other notable landmarks include the pristine Skokie Lagoons, a natural habitat for a wide array of wildlife and a beloved spot for kayaking, fishing, and walking trails.

Education plays a pivotal role in Northbrook's vibrant community. The Northbrook School District 27, Northbrook/Glenview School District 30, and Northbrook School District 28 serve the village's public elementary and middle school students with a commitment to excellence. The highly acclaimed Glenbrook North High School, ranked among the top public high schools in the state, serves as the primary public high school in Northbrook and is a part of Northbrook's District 225, which also includes Glenbrook South High School serving neighboring Glenview residents. Several top-rank private K-12 institutions also populate the area, such as St. Norbert Catholic School and the Cove School for children with learning disabilities. For those seeking higher education without venturing far, the College of American Pathologists, a leader in pathology and laboratory medicine education, has its headquarters in Northbrook.

Residents of Northbrook benefit from a myriad of educational resources. Local libraries like the Northbrook Public Library provide not just vast collections of literature, but also technology labs, study rooms, and a schedule of educational programming for all ages. The surrounding area, while not home to a traditional university campus within the village limits, boasts proximity to numerous notable institutions of higher learning within a short drive, such as Northwestern University in nearby Evanston, and Northbrook supports continuing education through various community programs. The village's neighborhoods are characterized by well-maintained homes, expansive parks, and family-friendly amenities, reflecting Northbrook’s dedication to nurturing a community that values education, nature, and a high quality of life.

Students at These NORTHBROOK, IL Schools Excel with Our Tutoring

Below is a sample list of schools in Northbrook, IL whose students have benefited from our tutoring services. This list is not exhaustive but represents both private and public educational institutions where our tutelage has made a significant impact on student performance and achievement.

Maple School - A middle school in Northbrook that is part of the North Shore School District 112, known for its comprehensive academic programs.

Glenbrook North High School - An esteemed public secondary institution with a strong commitment to academic excellence and extracurricular activities.

Westmoor School - A Northbrook School District 28 elementary school, dedicated to fostering a nurturing and challenging learning environment for young minds.

Greenbriar School - Another excellent public elementary school in Northbrook that strives to create a supportive community for students.

Meadowbrook School - Part of District 28, this school offers a strong educational foundation for its students in a supportive environment.

St. Norbert School - A private Catholic school providing quality faith-based education from pre-kindergarten through eighth grade.

Wescott School - A community-focused elementary school offering a vibrant learning experience to its students.

Shabonee School - Known for its dedication to academic excellence and innovative teaching methods for grades three through five.

Wood Oaks Junior High School - A well-regarded public junior high school in Northbrook School District 27 with a vibrant educational culture.

Countryside Montessori School - Offers a Montessori-based education with individualized learning approaches from preschool through middle school.

Solomon Schechter Day School - A Jewish day school that combines Jewish and general studies for a comprehensive educational experience.

Hickory Point School - An inviting elementary school in District 27 that is focused on student growth and community engagement.

Northbrook Junior High School - An established junior high school offering a wide range of academic and extracurricular programs to its students.

Christian Heritage Academy - A Private Christian school preparing students from pre-kindergarten through high school with a biblical worldview.

Field Middle School - A school known for its strong academic programs and commitment to character development.

The Cove School - A private K-12 school offering specialized education for students with learning disabilities.

Rochelle Zell Jewish High School - A private high school offering a blend of Jewish and college preparatory education.

Please note that this list is just a selection of schools in the Northbrook area, and there are many other excellent institutions not included here. Each of these schools is well-regarded in their own right, and our tutoring programs have been tailored to meet the diverse needs of their student populations.

About Accounting & Accounting Tutoring

Accounting is a systematic and comprehensive recording of financial transactions pertaining to a business. It involves the process of summarizing, analyzing, and reporting these transactions to oversight agencies, regulators, and tax collection entities. The financial statements that summarize a company's operations, financial position, and cash flows over a particular period are a precise representation of the accounting process.

There are several types of accounting, each serving a different purpose and catering to different stakeholders:

  • Financial Accounting: This type records and summarizes financial data presented in financial statements – like income statements, balance sheets, and cash flow statements – that reflect the company's performance to external stakeholders.

  • Management Accounting: This type focuses on measuring, analyzing, and reporting financial and non-financial information that helps managers make decisions to fulfill organizational goals.

  • Governmental Accounting: This type ensures that revenues and expenditures are made according to the law and regulations, providing transparency and accountability in governmental entities.

  • Tax Accounting: This specialization is dictated by the Internal Revenue Code, which governs the specific rules that companies and individuals must follow when preparing their tax returns.

  • Forensic Accounting: This field involves examining financial records in order to uncover potential fraud, embezzlement, or financial misconduct.

Related entities in accounting include regulatory bodies such as the Financial Accounting Standards Board (FASB), which establishes accounting standards in the United States. There are also international bodies like the International Accounting Standards Board (IASB), responsible for the International Financial Reporting Standards (IFRS). Additionally, the Internal Revenue Service (IRS) is a critical agency in tax accounting.

When tutoring someone who struggles with accounting, the best strategy is to connect concepts with real-world scenarios to make the material more relevant and easier to understand. Starting with the foundational elements such as the accounting equation (Assets = Liabilities + Equity) can set the stage for understanding how other concepts interrelate. Encouraging active practice through problem-solving and the usage of accounting software can also reinforce learning. It's crucial to be patient and to break down complex concepts into smaller, more manageable parts.

The most common concepts in accounting include:

  • Debits and Credits: The dual entry system that ensures the accounting equation stays balanced.
  • The Accounting Cycle: The full process of recording and processing all financial transactions of a company, from when the transaction occurs, to its representation on the financial statements.
  • Journal Entries: The first step in the accounting cycle, this is where transactions are initially recorded.

Among the most difficult concepts are:

  • Understanding and applying the principles of accrual accounting, which recognizes economic events regardless of when cash transactions occur.
  • The process of adjusting entries to account for income and expenses that have accrued but are not accurately represented in real-time financial statements.
  • Comprehending complex financial instruments and how to report them, as in hedge accounting or derivatives.

Overall, mastery of accounting requires attention to detail, a clear understanding of key principles and concepts, and the ability to see the broader financial picture that those details create.