Request Tutoring Info
Please enter name
Please enter email
Please enter phone
Please enter details
North Andover Accounting tutors

Book Top-Rated Accounting Tutors Near Me In North Andover, MA

Our North Andover 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 North Andover 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 North Andover 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 North Andover, 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 North Andover, MA 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 North Andover, MA


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

North Andover, MA 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 North Andover, MA


  • 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 North Andover, MA


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

Tutoring Locations For Accounting In North Andover, MA


  • Student homes
  • Public Libraries
  • North Andover neighborhoods and suburbs

Sign up now for our one-on-one private Accounting tutoring in North Andover, MA


North Andover, MA Tutoring FAQ

What tutoring services are available in North Andover, MA?

North Andover, MA, offers a variety of tutoring services covering subjects such as math, science, English, and foreign languages for all age groups. Frog Tutoring provides personalized one-on-one and online tutoring sessions focusing on individual student needs, helping to ensure effective learning and academic progress.

How do I choose the right tutor for my child in North Andover?

To choose the right tutor for your child in North Andover, consider the tutor’s qualifications, experience with the subject matter, teaching methodology, and compatibility with your child's learning style. Frog Tutoring provides detailed tutor profiles, enabling parents to make informed decisions by matching their child with tutors best suited to their academic goals and personality.

Are there test prep tutors available in North Andover?

Yes, there are test prep tutors available in North Andover who specialize in preparing students for standardized tests such as the SAT, ACT, MCAS, and others. Frog Tutoring offers tailored test prep programs and experienced tutors who use proven strategies to help students achieve their best possible test scores.

What are the rates for tutoring in North Andover, MA?

Tutoring rates in North Andover, MA, can vary based on the subject, the tutor's qualifications, and the length of the sessions. Frog Tutoring provides competitive pricing for high-quality, individualized tutoring services, with information about rates available upon request to ensure transparency and affordability for families.

Can I find online tutoring options in North Andover?

Online tutoring is widely available in North Andover, offering the convenience of learning from anywhere with internet access. Frog Tutoring delivers interactive online sessions with skilled tutors, using innovative tools and resources to create an engaging virtual learning environment for students.

What is the best way to find a math tutor in North Andover?

The best way to find a math tutor in North Andover is to search for local tutoring services that specialize in the subject and grade level needed. Frog Tutoring offers a selection of qualified math tutors who are experts in various mathematics areas, ensuring that students can find the help they need to excel in their studies.

How often should my child meet with a tutor in North Andover?

The frequency of tutoring sessions in North Andover should be based on the student's individual needs, goals, and schedules. At Frog Tutoring, custom tutoring plans are developed to fit each student's academic requirements, whether it's occasional homework help or regular weekly sessions to reinforce learning.

What subjects do tutors in North Andover specialize in?

Tutors in North Andover specialize in a wide range of subjects, including but not limited to math, science, English, history, and foreign languages. Frog Tutoring tailors its services to cover various academic disciplines, ensuring students receive expert assistance in the specific subjects they need help with.

Is tutoring available for college students in North Andover?

Tutoring services for college students are indeed available in North Andover. Frog Tutoring caters to higher education learners with subject-specific expertise and study skills development, facilitating college students' ability to grasp complex subjects and perform academically well.

How can I track my child's progress with a tutor in North Andover?

Progress tracking with a tutor in North Andover can be accomplished through regular updates, progress reports, and feedback sessions. Frog Tutoring ensures open communication between tutors, students, and parents, providing insights into the student's development and areas that may require additional focus.

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.

North Andover, MA Neighborhoods We Service

North Andover, Massachusetts, is a picturesque, family-friendly town that prides itself on its strong sense of community and its diverse neighborhoods. Each area within North Andover offers residents an array of unique attributes, community events, and local amenities.

Firstly, there is the Old Center, which is often referred to as the historic heart of North Andover. Encompassed by green common spaces, this neighborhood hosts the famous North Andover Sheep Shearing Festival and is home to the Stevens Memorial Library and the North Andover Historical Society. Stroll the tree-lined streets and you will feel the quaint New England charm that pervades this neighborhood.

We move then to Library District, aptly named for its proximity to the town's library. With its charming historic houses and close-knit community feel, it's an area that seamlessly blends tradition with a vibrant, connected way of life. The Library District also boasts great schools and an easy walk to various local shops and cafes.

Next is the Machine Shop Village, a unique neighborhood that holds a special place in North Andover's industrial history. The beautifully preserved brick buildings that were once bustling mills now serve as apartments and commercial spaces. This neighborhood also provides residents with easy access to the rest of the town and is perfect for those who appreciate a touch of historical ambiance.

We cannot forget the Barker, a neighborhood which allows for a more suburban setting with its well-spaced homes and family-oriented environment. Residents here enjoy peaceful living with the added convenience of nearby parks and outdoor spaces perfect for children to play and families to gather.

College district is another key neighborhood, situated near Merrimack College. This area is popular with both students and faculty, offering a lively mix of academic culture and residential life. Here, you'll find a blend of housing options, from dormitories to single-family homes, and an energetic atmosphere, especially during the college's sporting events.

For those seeking serenity, the neighborhood of Bear Hill offers a more secluded setting characterized by larger properties and an escape from the hustle and bustle of the town's more central areas. This neighborhood provides a quiet, retreat-like environment that many find to be the perfect balance between town and country living.

The expansive neighborhoods of Rolling Ridge and Forest View, with their modern subdivisions, are perfect for those looking for newer construction and manicured landscapes. These areas are known for their active homeowner associations and community events that foster a close-knit neighborhood spirit.

Finally, weathersfield, with its combination of older charming homes and newer developments, presents a varied and appealing choice for those looking to put down roots in North Andover. It's known for its community involvement and neighborhood gatherings, exemplifying the town's blend of traditional values and forward-thinking growth.

In North Andover, each of these neighborhoods contributes to the town's unique character, offering a variety of lifestyles to suit different preferences. From historical architecture to modern amenities, tranquil settings to collegiate energy, there is a little something for everyone. And while each neighborhood stands distinct, together they form an integral part of the close-knit community that is North Andover.

About North Andover, MA And It’s Education Institutions

Nestled in the picturesque Merrimack Valley, North Andover, Massachusetts, combines New England charm with rich historical roots. Incorporated in 1855, this town has grown from its colonial origins to a thriving suburban community, with a population hovering near 30,000 residents. Landmarks like the Parson Barnard House, dating back to 1715, and the Stevens-Coolidge Place provide a window into the past, allowing both residents and visitors to step back in time. Furthermore, the rolling hills and serene landscapes of Weir Hill and the scenic beauty of Lake Cochichewick underscore the town's commitment to preserving natural beauty alongside historical significance.

Education is a cornerstone of North Andover's community, with a strong emphasis on academic excellence. The town's education system serves its residents through well-regarded public schools such as North Andover High School, known for its robust academic programs and extracurricular activities. In addition to the public offerings, top-ranked private institutions like the Brooks School, a coeducational boarding and day school, add to the mix, providing diverse educational options. The North Andover School District (ISD) actively invests in educational resources, including modern facilities, technology, and a range of programs designed to prepare students for success beyond K-12.

Although North Andover does not have a university within its borders, it is positioned in an area rich with higher education institutions, granting students access to a tapestry of universities just a short drive away. Nearby Merrimack College, located in the adjacent town of Andover, offers undergraduate and graduate programs, and serves as a resource for the greater North Andover community. Through partnerships and proximity, North Andover students reap the benefits of these collegiate resources, which further augment the town's educational assets. With a blend of historical charm, a commitment to education, and a vibrant modern community, North Andover stands as a proud testament to its New England roots and forward-looking aspirations.

Students at These North Andover, MA Schools Excel with Our Tutoring

Our tutoring services have had the privilege of assisting a diverse group of students from various schools in North Andover, MA. Students from both private and public institutions in the area have significantly benefited from our personalized educational programs. Below is a sample list of top schools in North Andover—this is by no means an exhaustive list but represents some of the many schools whose students we've had the pleasure of supporting. The links provided will take you directly to each school's official website for more detailed information.

North Andover High School – A public school known for its strong academic programs and community involvement.

St. Michael School – A private Catholic school committed to fostering academic excellence and spiritual growth.

Brooks School – An independent, co-educational, college-preparatory day and boarding school that provides an intimate learning atmosphere.

Franklin Elementary School – A public elementary school with a focus on developing a strong foundation for lifelong learning.

Kittredge Elementary School – Another public elementary school in North Andover boasting a supportive community and a student-centered approach to education.

Sargent Elementary School – Recognized for its dedicated staff and engaging curriculum for young learners.

Atkinson Elementary School – The school prides itself on its challenging academic programs and nurturing environment.

The Thomson Elementary School – Emphasizes individual growth alongside academic achievements for its students.

North Andover Middle School – Prepares students for success in high school and beyond with a strong middle school curriculum.

Saint Gregory's Armenian School – A private school with a rich cultural and educational background, offering a unique learning experience.

The Annie L. Sargent School – Another elementary option with a vibrant learning community encouraging student excellence.

The Islamic Academy for Peace – A private Islamic day school that promotes academic success alongside spiritual and ethical education.

Next Generation Children's Centers – Offers early education programs and focuses on building a solid foundational skill set.

Meritor Academy – A private preschool that provides a nurturing environment and a strong early education curriculum.

Atrium School – Though located in neighboring Cambridge, Atrium School is known for its progressive education and collaborative community, attracting families from North Andover.

Please note that this list includes schools from the immediate and surrounding areas of North Andover, MA. The schools mentioned reflect a cross-section of the diverse educational landscape in the region. Our tutoring services are adaptable and tailored to meet the needs of students from all these schools and many others in the North Andover area.

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.