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

Book Top-Rated Accounting Tutors Near Me In Lakeland, TN

Our Lakeland 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 Lakeland 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 Lakeland 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 Lakeland, 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 Lakeland, TN 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

">
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

">
CO
Knowledge
Presentation

My son has been with Barjeana for a few sessions now and loves her! She is so knowledgeable and patient. Best of all she makes the sessions fun and interactive. He struggles with focus, but she keeps him engaged in the session and on track. He looks forward to his tutoring with Ms. Barjeana. ...

">
IB
Knowledge
Presentation

He was great and very knowledgeable on the subject of chemistry, however there was a language barrier

Qualification and Certification of Accounting Tutors Near Me In Lakeland, TN


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

Lakeland, TN 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 Lakeland, TN


  • 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 Lakeland, TN


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

Tutoring Locations For Accounting In Lakeland, TN


  • Student homes
  • Public Libraries
  • Lakeland neighborhoods and suburbs

Sign up now for our one-on-one private Accounting tutoring in Lakeland, TN


Lakeland, TN Tutoring FAQ

What are the benefits of hiring a tutor in Lakeland, TN?

Hiring a tutor in Lakeland, TN can offer numerous benefits, including personalized one-on-one attention, customized learning plans, improved academic performance, strengthened subject comprehension, and increased confidence and motivation. A service like FrogTutoring provides access to highly qualified tutors who specialize in various subjects and tailor their teaching methods to each student's unique learning style.

How do I find the right tutor for my child in Lakeland, TN?

To find the right tutor for your child in Lakeland, TN, consider your child's academic needs, the tutor's expertise, experience, and teaching style. FrogTutoring helps by matching your child with a tutor who not only specializes in the subject matter but also aligns with your child's learning pace and personality, ensuring a productive and comfortable learning environment.

What subjects can I find tutoring for in Lakeland, TN?

In Lakeland, TN, you can find tutoring for a wide range of subjects including math, science, English, foreign languages, and more. FrogTutoring offers a comprehensive selection of tutoring services for all grade levels, from elementary to college, ensuring students can receive support in any subject they are struggling with or seeking to excel in.

Is online tutoring available in Lakeland, TN?

Yes, online tutoring is available in Lakeland, TN. Many services, including FrogTutoring, provide virtual tutoring sessions with flexible scheduling to accommodate both students and parents. These sessions are conducted through online platforms that feature interactive tools like whiteboards and video conferencing to create an engaging learning experience.

How much does tutoring cost in Lakeland, TN?

Tutoring costs in Lakeland, TN can vary depending on several factors such as the subject, tutor's qualifications, frequency of sessions, and length of the tutoring engagement. FrogTutoring offers competitive rates and often provides package deals to make tutoring more affordable, ensuring you can access quality education that fits your budget.

Are there any test prep tutors available in Lakeland, TN?

Yes, there are test prep tutors available in Lakeland, TN for exams such as the SAT, ACT, GRE, and others. FrogTutoring specializes in test preparation services, offering personalized strategies, practice tests, and sessions that focus on key areas to improve performance and boost scores on standardized tests.

Can I request a trial tutoring session in Lakeland, TN?

Many tutoring services offer trial sessions to ensure a good fit between the tutor and the student. When you sign up with FrogTutoring, you may be able to request an initial trial tutoring session, which allows you to assess the tutoring style, the interpersonal chemistry, and the overall effectiveness of the educational support provided.

What is the average duration of a tutoring session in Lakeland, TN?

The average duration of a tutoring session in Lakeland, TN typically ranges from 1 to 2 hours depending on the student's age, attention span, and the subject matter being covered. FrogTutoring recommends the optimal session length based on the individual needs of the student to maximize learning without causing fatigue.

How are tutors in Lakeland, TN vetted?

Tutors in Lakeland, TN are commonly vetted through a process that includes background checks, verification of qualifications, and assessments of teaching abilities. FrogTutoring ensures that all its tutors meet high standards by subjecting them to rigorous screening, which includes conducting interviews, checking references, and ensuring they have the appropriate educational background.

What strategies do tutors in Lakeland, TN use to help students with learning disabilities?

Tutors in Lakeland, TN often use tailored strategies to help students with learning disabilities including multisensory instruction, step-by-step guidance, positive reinforcement, and customized learning material to address each student's unique needs. FrogTutoring trains its tutors to create inclusive and effective lesson plans that accommodate students of all abilities, ensuring they receive the support necessary to succeed 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.

Lakeland, TN Neighborhoods We Service

In the tranquil and scenic environs of Lakeland, TN, a variety of neighborhoods stand out for their unique characteristics, promising a diverse range of living experiences to prospective residents and curious visitors alike. These neighborhoods, each with their own distinctive flare, contribute to the charm and allure of Lakeland, making it one of the desirable locations within the Memphis metropolitan area. Set against the backdrop of natural beauty, with access to lakes and outdoor activities, the neighborhoods of Lakeland provide a seamless blend of nature and suburban living.

First on the list is the Windward Slopes neighborhood, offering stunning views of Garner Lake, the largest lake in Shelby County. Residents of this upscale area enjoy the allure of waterfront living with the convenience of modern amenities close at hand. With boating and fishing at their fingertips, it's a paradise for water enthusiasts.

Oakwood, another prominent Lakeland neighborhood, boasts well-maintained homes, wide streets, and a warm, neighborly ambiance that beckons to families looking for a peaceful setting in which to put down roots. The proximity to good schools and local parks makes this an excellent neighborhood for raising children.

Herons Ridge is known for its picturesque landscapes and elegant homes. With plenty of green space and a private, secure environment, it is a highly sought-after location for those who prioritize safety, tranquility, and a close-knit community feel.

Plantation Hills, with its generously sized lots and diverse architectural designs, affords residents both privacy and individuality. The neighborhood invites an eclectic mix of new and older homes, providing options for various tastes and preferences.

The Winstead Farms neighborhood is another highlight of Lakeland, offering a mix of classic and contemporary home designs. This family-friendly area often hosts community events, fostering a strong sense of togetherness and neighborhood pride.

Lakeland Heights is a charming community that exudes an almost rural atmosphere while still being close to necessary conveniences. Homes in this area benefit from larger plots of land, granting more outdoor space for recreation and relaxation.

The gated community of The Pointe unites luxury with privacy, featuring impressive homes that are ensconced in meticulously manicured landscapes. This enclave is particularly appealing to those who value exclusivity and quietude.

Lastly, Bridgewater is a neighborhood that combines affordability with charm, offering residents a comfortable suburban lifestyle without being isolated from the essential amenities and services that Lakeland provides.

As diverse as the people who call them home, these neighborhoods in Lakeland encapsulate the varied options for residential living within the city's limits. They offer a peek into the many reasons why Lakeland continues to be a desirable destination for those who wish to enjoy the serenity of suburban life complemented by convenient access to urban attractions. Each neighborhood contributes to the tapestry that makes Lakeland, TN, not just a place to live, but a community to cherish.

About Lakeland, TN And It’s Education Institutions

Situated in Shelby County, Tennessee, Lakeland is a vibrant community with picturesque landmarks, including the expansive Garner Lake, the largest lake in Shelby County, which offers residents recreation and scenic beauty. The city prides itself on maintaining a peaceful suburban charm while continuing to grow and develop. Another significant landmark is the Stonebridge Golf Course, which adds to the area’s allure, offering golf enthusiasts a place to play while also contributing aesthetically to the city's landscape. Lakeland’s commitment to retaining its natural beauty is evident in its well-planned neighborhoods and parks, which aim to enhance the quality of life for its residents.

In terms of education, Lakeland places a strong emphasis on providing excellent education opportunities for its young residents. Noteworthy schools in the city include Lakeland Elementary School and Lakeland Middle Preparatory School - both part of the Lakeland School System (LSS) which stands out for its innovative approach to education and dedication to student achievement. The education resources available to local students are enhanced by active parent involvement and community support. Additionally, while there are no universities within Lakeland itself, the city's strategic location in the Memphis Metropolitan Area gives residents access to several higher education institutions in the surrounding region, including the University of Memphis and Rhodes College.

The city of Lakeland was founded in 1977, which makes it relatively young compared to some of its neighboring communities. As of my knowledge cutoff in 2023, Lakeland has been experiencing steady growth with a population that reflects its burgeoning appeal as a suburban enclave near Memphis. Important facts about the city include its careful urban planning to accommodate growth while preserving natural habitats, which continues to attract families and professionals. Though Lakeland does not have its own independent school district (ISD), it is served by the aforementioned LSS for elementary and middle school education. With a dedication to fostering a strong community and prioritizing education, Lakeland, Tennessee remains a desirable location to live, learn, and flourish.

Students at These Lakeland, TN Schools Excel with Our Tutoring

Below is a sample list of schools in Lakeland, Tennessee, where students have benefited from our tutoring services. This list is not exhaustive but showcases a selection of both private and public educational institutions that reflect the diversity and quality of schools in the area. We are proud to have supported students from these schools in achieving their academic goals.

Public Schools

Lakeland Elementary School

Serving students from Kindergarten through 4th grade, Lakeland Elementary focuses on fostering a nurturing environment for young learners.

Lakeland Middle Preparatory School

This preparatory school provides a strong curriculum for students in grades 5 through 8, preparing them for high school and beyond.

Arlington High School

While not located within Lakeland, many students from Lakeland attend this nearby high school, which offers a comprehensive academic program for grades 9-12. Private Schools

St. Benedict at Auburndale High School

A co-educational college preparatory school that combines a rigorous academic curriculum with a strong emphasis on character and faith.

First Assembly Christian School

FACS provides a Christ-centered learning environment and offers a program from pre-kindergarten through 12th grade.

Briarcrest Christian School

Known for its academic excellence, this school offers education from early childhood up through high school.

The above schools represent just a slice of the educational offerings in Lakeland, TN. The focus on quality education in both public and private sectors aligns well with our commitment to provide exceptional tutoring services to help students thrive in their academic pursuits.

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.