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Bensalem Accounting tutors

Book Top-Rated Accounting Tutors Near Me In Bensalem, PA

Our Bensalem 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 Bensalem 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 Bensalem 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 Bensalem, 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.

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


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

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

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JN
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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!

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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.

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

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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.

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Great tutoring session!

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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...

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

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RG
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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

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

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JD
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good tutor

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Looking forward to meeting you.

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

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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.

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Good tutor

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

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patient and knowledgeable

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{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?

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

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

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Vince is very happy with this tutor.

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{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...

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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

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

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

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

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RF
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{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.

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DY
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Makes learing fun!

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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.

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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.

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

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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...

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RH
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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...

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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...

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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.

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

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school rating and grades improved.

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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.

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Annie is great!!!!

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Madi is fantastic!!

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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,...

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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.

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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.

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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.

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

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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...

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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.

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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...

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So far so good

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Very encouraging, and I enjoy working with her

Qualification and Certification of Accounting Tutors Near Me In Bensalem, PA


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

Bensalem, PA 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 Bensalem, PA


  • 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 Bensalem, PA


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

Tutoring Locations For Accounting In Bensalem, PA


  • Student homes
  • Public Libraries
  • Bensalem neighborhoods and suburbs

Sign up now for our one-on-one private Accounting tutoring in Bensalem, PA


Bensalem, PA Tutoring FAQ

What are the benefits of hiring a tutor in Bensalem, PA?

Hiring a tutor in Bensalem, PA, offers personalized learning tailored to the student's pace and style, focused attention on specific areas of difficulty, improved academic performance, and confidence-building. FrogTutoring provides skilled tutors who help students set and reach academic goals, understand complex concepts, improve study habits, and prepare for exams effectively.

How do I choose the right tutor for my child in Bensalem, PA?

Choose the right tutor for your child in Bensalem, PA, by considering your child's academic needs, the tutor's expertise in the subject area, teaching experience, qualifications, and personality. FrogTutoring offers carefully vetted tutors that match your child's educational needs and learning style, ensuring a productive and supportive tutoring experience.

What subjects can tutors in Bensalem, PA assist with?

Tutors in Bensalem, PA, can assist with a wide range of subjects including math, science, English, history, and foreign languages. FrogTutoring provides experienced tutors specialized in these and other subjects to cater to the diverse academic needs of students at all levels.

Are there any online tutoring options available in Bensalem, PA?

Yes, there are online tutoring options available in Bensalem, PA. FrogTutoring offers convenient and flexible online tutoring services that allow students to learn from the comfort of their home or any other location with internet access, using a comprehensive virtual learning platform.

Can tutoring help with SAT and ACT test preparation in Bensalem, PA?

Tutoring can significantly help with SAT and ACT test preparation in Bensalem, PA. FrogTutoring provides specialized tutors who can offer personalized strategies, review key content, and conduct practice tests to improve test-taking skills and increase the chances of achieving a high score.

What is the average cost of tutoring services in Bensalem, PA?

The cost of tutoring services in Bensalem, PA can vary based on the subject, tutor's experience, and duration of services. FrogTutoring offers competitive pricing and packages tailored to fit various budgets, ensuring access to quality tutoring services for a wide range of students.

How often should my child meet with a tutor in Bensalem, PA?

The frequency of tutoring sessions should be based on the student's needs, goals, and schedule. FrogTutoring recommends starting with weekly sessions to establish a consistent routine and adjust as needed to optimize learning outcomes and academic progression.

What age groups do tutors in Bensalem, PA cater to?

Tutors in Bensalem, PA cater to all age groups, from elementary school to college students. FrogTutoring provides a range of tutors who specialize in educating different age levels and can adapt their teaching methods to suit the learning needs of each individual student.

How can I monitor my child's progress with their tutor in Bensalem, PA?

Monitoring your child's progress with a tutor in Bensalem, PA can be done through regular updates from the tutor, reviewing completed assignments and assessments, and observing changes in your child's confidence and academic performance. FrogTutoring ensures open communication between tutors, students, and parents to track progress and adjust tutoring strategies as needed.

Are there any tutoring centers in Bensalem, PA that focus on learning disabilities?

Yes, there are tutoring centers in Bensalem, PA that focus on learning disabilities, offering specialized instructional strategies and resources to support students with unique learning needs. FrogTutoring has experienced tutors trained to work with students who have learning disabilities, ensuring that each individual receives the necessary support to thrive academically.

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.

Bensalem, PA Neighborhoods We Service

Bensalem, Pennsylvania, a diverse and vibrant community located in the southern end of Bucks County, is not only rich in history but also boasts a variety of neighborhoods, each with its unique character and appeal. Whether you're a young professional, part of a growing family, or seeking the perfect retirement spot, Bensalem offers a place for you to call home. Here's a comprehensive list of neighborhoods in Bensalem, PA:

  1. Andalusia – Nestled along the Delaware River, Andalusia is known for its historic homes and serene riverfront views, offering residents a quaint and peaceful environment.

  2. Cornwells Heights – Known for the Cornwells Heights train station that provides easy access to the Northeast Corridor, this neighborhood is perfect for commuters looking for convenience.

  3. Eddington – Eddington is a mix of residential areas and commercial spaces, where traditional homes stand alongside modern amenities, offering a balance of comfort and convenience.

  4. Belmont Hills – This neighborhood is characterized by its lovely hilltop homes that provide a commanding view of the surrounding areas, making it a desirable location for those looking for picturesque living spaces.

  5. Executive Park – As the name implies, this area is home to several business parks and office complexes, catering to professionals and businesses seeking a strategic location.

  6. Siles – Siles combines residential living with recreational spaces, featuring parks and playgrounds that make it ideal for families.

  7. Mechanicsville – Mechanicsville is a historic neighborhood where residents enjoy a tight-knit community atmosphere, along with a mix of older, charming homes and new constructions.

  8. Woodhaven Hills – This more recently developed residential area is popular among those seeking modern housing options, complete with contemporary facilities and amenities.

  9. Trevose – With a blend of suburban comfort and commercial vibrancy, Trevose offers its residents a wide range of dining, shopping, and entertainment options right at their doorsteps.

  10. Bridgewater – An appealing neighborhood for those looking for a suburban feel with easy access to nature trails and outdoor activities.

  11. Flushing – Flushing is an established neighborhood with spacious properties that attract those looking for larger homes and yards.

  12. Nottingham Village – This is a cozy pocket in Bensalem with a variety of homes catering to different tastes and preferences, from traditional to more modern designs.

  13. Casey Knolls – Known for being a quiet and family-friendly area, Casey Knolls is set apart by its well-maintained homes and sense of community.

  14. Cornwell Hills – This area is desirable for its scenic views and mature trees, offering a more secluded atmosphere for those who appreciate privacy and tranquility.

  15. Torresdale Manor – Close to the edge of the Delaware River, this area is both tranquil and well-appointed, with easy access to water-based activities and local parks.

Every one of these neighborhoods contributes to Bensalem's distinctive mix of suburban living, natural beauty, and urban convenience. With such a wide spectrum of locations, Bensalem is a town where you can find precisely the right spot to suit your lifestyle and needs. Whether it be the riverfront allure of Andalusia, the commuter-friendly Cornwells Heights, or the charming historic touch of Mechanicsville, Bensalem's neighborhoods are ready to welcome you to their unique communities.

For those considering a move to Bensalem or just curious about the area, you'll find that each neighborhood presents its own flavor and set of offerings, making the town a rich tapestry of cultures and environments. It's no wonder that many people looking for a place to settle in the Greater Philadelphia area turn their eyes towards the diverse and engaging neighborhoods of Bensalem, Pennsylvania.

About Bensalem, PA And It’s Education Institutions

Bensalem, Pennsylvania, founded in 1692, is a dynamic township nestled in Bucks County, steeped in rich history and home to a proud, diverse community. As of the most recent estimates, the township boasts a population exceeding 60,000 residents, reflecting a vibrant mix of cultures and backgrounds. The history of Bensalem is closely tied to its landmarks, such as the well-preserved Growden Mansion, which stands as a testament to the area's colonial heritage. Also of note is the Mongkoltepmunee Buddhist Temple, an architectural marvel that signifies Bensalem's cultural diversity. For leisure and excitement, residents and visitors often flock to the Parx Casino and Racing complex, one of the state's leading gaming and entertainment destinations.

Education in Bensalem is a top priority, with the Bensalem Township School District (Bensalem, PA ISD) overseeing a range of public education institutions committed to academic excellence. Among the top-ranked public K-12 schools in the city are Bensalem Township High School and Robert K. Shafer Middle School, both of which are known for their robust curricular and extracurricular programs. The city also offers additional education resources to students, including access to the Bensalem Branch of the Bucks County Free Library, which supports lifelong learning and provides educational support through various programs and activities. While Bensalem itself does not host a university within its borders, it is located near numerous higher education institutions in the surrounding regions, granting residents access to a vast array of post-secondary education options.

The neighborhoods in Bensalem showcase well-organized suburban communities that offer a peaceful living environment with easy access to local amenities and Philadelphia's metropolitan attractions. Housing here ranges from modest single-family homes to more luxurious abodes, catering to a spectrum of preferences and lifestyles. To complement people's living experience, Bensalem continuously focuses on improving local infrastructure and community resources, making it an appealing location for families, professionals, and retirees alike. With its mix of educational opportunities, rich culture, and inviting neighborhoods, Bensalem continues to evolve while maintaining its distinct identity as a place where history and modernity coalesce.

Students at These Bensalem, PA Schools Excel with Our Tutoring

As a premier tutoring service, we have witnessed first-hand the academic growth of students from a variety of schools in Bensalem, PA. The list below represents just a sample of schools—both private and public—whose students have reaped the benefits of our dedicated tutoring programs. This selection is by no means exhaustive, but rather offers a glimpse into the diverse educational institutions within the Bensalem area. Here are up to 20 top schools in Bensalem, PA:

Public Schools

Bensalem High School - As the only public high school in Bensalem Township, it serves grades 9-12 and offers an array of academic and extracurricular programs.

Cecelia Snyder Middle School - This middle school caters to students in grades 7-8 and focuses on preparing them for the challenges of high school.

Robert K. Shafer Middle School - Serving grades 5-6, Shafer Middle School emphasizes the transition from elementary school learning to a more rigorous middle school curriculum.

Belmont Hills Elementary School - Known for its strong elementary education program, Belmont Hills serves students in grades K-6.

Cornwells Elementary School - This school provides educational services for students in grades K-6 and prides itself on a supportive learning environment.

Benjamin Rush Elementary School - Focused on building foundational skills in early education, Benjamin Rush serves the K-6 population.

Joseph Ferderbar Elementary School - Catering to grades K-6, this school emphasizes academic excellence and personal growth.

Samuel K. Faust Elementary School - With a commitment to innovative learning strategies, Faust Elementary caters to students from kindergarten through sixth grade.

Private Schools

St. Ephrem School - As a Roman Catholic school, St. Ephrem offers a faith-based education for students from pre-K through 8th grade.

Holy Ghost Preparatory School - This all-boys college preparatory school serves grades 9-12 and is known for its holistic educational approach.

Just Children Child Care Center - Focusing on early childhood education, Just Children provides learning opportunities for infants through kindergarten-age children.

School Lane Charter School - As a public charter school, it offers an alternative to traditional schooling for students in kindergarten through 12th grade with an emphasis on college preparation.

Please note, the schools listed are within or in proximity to Bensalem, PA, and include both public and private options to reflect the diversity of educational opportunities available. Our tutors have collaborated with students from these and other institutions, tailoring our programs to meet the unique needs of each learner and promote their academic success.

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.