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

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

Our Scranton 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 Scranton 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 Scranton 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 Scranton, 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 Scranton, PA 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 Scranton, PA


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

Scranton, 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 Scranton, 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 Scranton, PA


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

Tutoring Locations For Accounting In Scranton, PA


  • Student homes
  • Public Libraries
  • Scranton neighborhoods and suburbs

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


Scranton, PA Tutoring FAQ

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

Hiring a tutor in Scranton, PA offers personalized attention to students, helps identify and address specific academic challenges, provides flexibility in scheduling, can boost confidence and grades, and supports the mastering of new concepts at the student's own pace. FrogTutoring, for instance, specializes in offering tailored tutoring services to meet individual student needs, ensuring they gain a better understanding of the subject matter and improve their academic performance.

How do I find a qualified tutor in Scranton, PA?

To find a qualified tutor in Scranton, PA, consider checking for tutors with strong educational backgrounds, experience in the subject area, and positive reviews from previous clients. Platforms like FrogTutoring provide access to a selection of vetted tutors with expertise in various subjects and grade levels, making it easier to find a match for your academic requirements.

What subjects can I find tutoring for in Scranton, PA?

In Scranton, PA, you can find tutoring for a wide range of subjects including mathematics, science, English, history, and foreign languages, among others. FrogTutoring covers these subjects and more, offering specialized tutors who can cater to elementary through college-level coursework.

Is online tutoring available for students in Scranton, PA?

Yes, online tutoring is available for students in Scranton, PA. With the convenience of digital platforms, students can receive quality instruction from the comfort of their home. FrogTutoring, for example, provides interactive online tutoring sessions, making learning accessible and efficient for students across different subjects.

How does tutoring help with test preparation in Scranton, PA?

Tutoring helps with test preparation in Scranton, PA by offering tailored study plans, practicing test-taking strategies, reinforcing subject knowledge, and building confidence. Tutors from FrogTutoring focus on helping students understand the material thoroughly and prepare effectively for exams like the SAT, ACT, and other standardized tests.

What is the cost of tutoring in Scranton, PA?

The cost of tutoring in Scranton, PA can vary depending on the subject, tutor's qualifications, frequency of sessions, and session duration. FrogTutoring offers competitive pricing and package deals, ensuring that quality education is both affordable and accessible for students across Scranton.

How do I know if my child needs a tutor in Scranton, PA?

You might consider tutoring for your child in Scranton, PA if they are struggling with certain subjects, their grades are slipping, they have a lack of confidence in school, or they need to prepare for a specific exam. FrogTutoring offers assessments to determine your child's needs and matches them with the ideal tutor to help them succeed academically.

Can I get homework help from tutors in Scranton, PA?

Yes, you can get homework help from tutors in Scranton, PA. Tutors can assist students in understanding assignment requirements, learning how to solve problems, and developing effective study habits. FrogTutoring provides tutors who are well-versed in helping students complete their homework accurately and efficiently.

Are there any SAT prep courses available in Scranton, PA?

SAT prep courses are available in Scranton, PA, with various options tailored to suit different learning styles and needs. FrogTutoring offers comprehensive SAT prep programs that include personalized instruction, practice tests, and strategies to help students maximize their exam performance.

How do I choose the right tutor for my academic goals in Scranton, PA?

To choose the right tutor in Scranton, PA, consider the tutor's expertise in the subject area, teaching style, and ability to communicate effectively with the student. FrogTutoring helps streamline this process by understanding your academic goals and pairing you with a tutor who can best facilitate your learning and help you achieve your objectives.

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.

Scranton, PA Neighborhoods We Service

Nestled in the heart of northeastern Pennsylvania, Scranton is a city brimming with character, each of its neighborhoods telling a unique story of the area's rich history and community spirit. From the historic and serene, to the vibrant and bustling, Scranton's neighborhoods showcase the diversity and charm of the Electric City.

Let's dive into the array of neighborhoods that Scranton has to offer:

  1. Downtown Scranton (Central City) – The bustling heart of the city, downtown Scranton is known for its historic buildings, beautiful courtyards, and central business district. This area is also home to the University of Scranton, high-end restaurants, and cultural hotspots like the Steamtown National Historic Site and the Scranton Cultural Center.

  2. Green Ridge – This primarily residential neighborhood is known for its beautiful Victorian homes, tree-lined streets, and tight-knit community feel. With its own small-business district, residents enjoy a suburban vibe with city convenience.

  3. The Hill Section – Located close to the University of Scranton, this neighborhood boasts a mix of student renters and long-standing residents, occupying a diverse array of homes from apartments to Victorian mansions. It's a vibrant part of town with a youthful energy.

  4. West Side – Comprising smaller sub-neighborhoods like Hyde Park and Keyser Valley, West Side is known for its ethnic diversity and community-minded residents. The area is largely residential with homes dating back to the early 20th century.

  5. South Side – This large neighborhood is renowned for its array of parks, like Connell Park and Stafford Meadowbrook Park, providing residents with plenty of green space. South Side is also home to the Nay Aug Park, featuring walking trails and a gorge with a waterfall.

  6. Minooka – On the southern edge of the city, Minooka is a tight-knit community with a strong identity and pride in its Irish heritage. This neighborhood prides itself on its family-friendly atmosphere and active parish community.

  7. East Scranton – East Scranton offers a mix of residential options from single-family homes to multi-unit dwellings. This area includes the beautiful and expansive Nay Aug Park, designed by noted landscape architect Frederick Law Olmsted.

  8. North Scranton (Providence) – Known for its industrious past, North Scranton is a mix of residential and commercial areas, with remnants of its historical significance still visible. Providence Road serves as a main artery, featuring a number of businesses and shops.

  9. Tripp Park – Nestled towards the northwest part of the city, this small neighborhood exudes a suburban essence with its ranch-style homes and quiet streets. It's a favorite for those seeking a peaceful lifestyle away from the city’s hustle and bustle.

  10. Bellevue – Located in West Scranton, this neighborhood features lovely homes with impressive architecture, and offers a great view of the city's westward landscape.

  11. Dunmore Border (East Mountain and Mount Pleasant) – These areas bordering the town of Dunmore are both residential with scenic views, given their higher elevation. They boast an array of single-family homes with backyard space and a more removed feel from the city’s central activity.

  12. Pine Brook – Known for its small businesses and industrial ventures, Pine Brook has also a residential facet with a mix of homes, including apartments and townhouses.

Scranton's neighborhoods each add a unique thread to the fabric of the city. They are the backbone of a community that takes pride in its heritage and looks forward to a future of growth and development. Whether one is drawn to the convenience of city living, the tranquility of a quiet district, or the charm of historic architecture, Scranton has a neighborhood that feels like home.

About Scranton, PA And It’s Education Institutions

Scranton, Pennsylvania, often fondly referred to as "The Electric City," holds a unique place in American history for being a frontier of the iron and coal industries. Founded in 1866, Scranton rapidly became an industrial powerhouse, especially renowned for its anthracite coal. This rich history is woven into the cityscape, with the Scranton Iron Furnaces standing as a testament to the city's industrial past, and the Steamtown National Historic Site which celebrates Scranton's railway heritage. Another significant landmark is the Lackawanna County Courthouse, famously known for the historic labor movement trials that took place within its walls. As of the recent estimates, the city carries the legacy of its past with a population that hovers around 76,000 residents.

Education in Scranton showcases a variety of institutions that cater to a range of academic and vocational interests. Top-ranked K-12 schools such as Scranton Preparatory School and West Scranton High School (Scranton School District) promise a well-rounded education. Furthermore, higher education opportunities abound within the city's limits. The University of Scranton, a Jesuit university known for its rigorous academics and community service, is among the most prestigious. Meanwhile, Lackawanna College provides a range of 2-year degrees and certificate programs, ensuring accessible education for a diverse student body. Education resources, including public libraries like the Albright Memorial Library, offer support and enrichment for students of all ages.

Scranton’s neighborhoods, each with its unique vibe and community spirit, add to the city’s charm and livability. Green Ridge is notable for its picturesque homes and family-friendly atmosphere, while the Hill Section is known for its proximity to some of the city’s major educational institutions. The city also offers various resources to support education, including educational foundations, tutoring programs, and enrichment activities facilitated through the Scranton Cultural Center. As Scranton continues to evolve, it maintains a balance between honoring its past and nurturing its future, with education lying at the heart of its ongoing growth and development.

Students at These Scranton, PA Schools Excel with Our Tutoring

As a leading tutoring service in Scranton, PA, we've proudly supported the academic growth and success of students from a diverse array of local schools. The schools listed below, a mix of both private and public institutions, represent just a sample of the many places from which our students hail. Please note, this list does not include all schools in the area, but is intended to highlight some of the prominent educational institutions whose students have benefited from our tutoring services.

Scranton High School West Scranton High School Scranton Preparatory School Holy Cross High School Lackawanna Trail Junior-Senior High School Abington Heights High School Dunmore High School Riverside Junior-Senior High School Mid Valley Secondary Center Montessori School of Scranton The Commonwealth Medical College Johnson College Marywood University Lackawanna College University of Scranton Old Forge Junior-Senior High School Saint Mary of Mount Carmel School St. Clare/St. Paul School Summit Christian Academy Triboro Christian Academy

Each of these institutions has its own unique traits and strengths, contributing towards a rich educational landscape in Scranton. Our tailored tutoring programs are crafted to meet the individual needs of students from all these schools, ensuring they achieve their full academic potential.

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.