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Amarillo Accounting tutors

Book Top-Rated Accounting Tutors Near Me In Amarillo, TX

Our Amarillo 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 Amarillo 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 Amarillo 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 Amarillo, 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 Amarillo, TX 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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{not commented yet}she was very knowledgeable and patient with my daughter

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

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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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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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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 Amarillo, TX


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

Amarillo, TX 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 Amarillo, TX


  • 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 Amarillo, TX


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

Tutoring Locations For Accounting In Amarillo, TX


  • Student homes
  • Public Libraries
  • Amarillo neighborhoods and suburbs

Sign up now for our one-on-one private Accounting tutoring in Amarillo, TX


Amarillo, TX Tutoring FAQ

What types of tutoring services are available in Amarillo, TX?

Amarillo, TX offers a variety of tutoring services including one-on-one sessions, online tutoring, and group classes for subjects such as math, science, English, and test preparation. Providers like FrogTutoring deliver personalized educational support tailored to students' individual learning styles and needs.

How do I find a qualified tutor in Amarillo, TX?

To find a qualified tutor in Amarillo, TX, you can start by searching for local tutoring providers or services online. FrogTutoring, for example, offers a comprehensive platform where you can browse through profiles of vetted tutors, ensuring that you find a skilled and experienced tutor who meets your educational needs.

What is the hourly rate for tutoring in Amarillo, TX?

The hourly rate for tutoring in Amarillo, TX varies based on the subject, tutor's qualifications, and the type of tutoring offered. Rates can range from around $25 to $60 or more per hour. FrogTutoring provides competitive pricing for high-quality tutoring services, with clear pricing structures based on your specific requirements.

Can I get SAT or ACT prep tutoring in Amarillo, TX?

Yes, there are many options for SAT and ACT prep tutoring in Amarillo, TX. FrogTutoring offers specialized test preparation programs, including one-on-one and group sessions that cover test strategies, practice tests, and review of key content areas to help students achieve their best possible scores.

Is online tutoring available for Amarillo, TX students?

Online tutoring is widely available for students in Amarillo, TX. Educational platforms such as FrogTutoring provide flexible online sessions that can be accessed from the comfort of your home, utilizing interactive tools and resources to facilitate effective learning experiences remotely.

Are there tutoring programs for special needs students in Amarillo, TX?

Educational institutions and specialist providers in Amarillo, TX offer tutoring programs tailored for special needs students. FrogTutoring is committed to inclusivity and provides individualized tutoring plans, skilled in adapting teaching methods to accommodate various learning disabilities and challenges for optimal learning outcomes.

What subjects are covered by tutors in Amarillo, TX?

Tutors in Amarillo, TX cover a broad range of subjects including mathematics, science, English, foreign languages, social studies, and more. FrogTutoring, for instance, has a team of knowledgeable tutors proficient in different academic areas and grade levels to suit diverse educational needs.

How do I select the right tutor for my child in Amarillo, TX?

Select the right tutor for your child in Amarillo, TX by considering their educational needs, the tutor's expertise, and compatibility. With FrogTutoring, you can easily match your child with a tutor who has a proven track record of success in the specific subject or skill area your child needs assistance with.

Are there any local tutoring centers in Amarillo, TX?

Amarillo, TX is home to several local tutoring centers that provide targeted educational support. You can also explore services like FrogTutoring that offer a comprehensive range of tutoring options, from in-person to online sessions, to accommodate different preferences and schedules.

What are the benefits of private tutoring in Amarillo, TX?

Private tutoring in Amarillo, TX offers personalized attention, customized learning plans, flexibility in scheduling, and a learning pace that suits the individual student. FrogTutoring emphasizes these benefits by focusing on one-on-one sessions that cater directly to a student's unique learning objectives and academic goals.

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.

Amarillo, TX Neighborhoods We Service

Nestled within the Texas Panhandle, the city of Amarillo boasts a rich tapestry of neighborhoods, each offering unique characteristics and charms to residents and visitors alike. This vibrant city has expanded over the years and now showcases a diverse collection of locales, reflecting its historical roots and contemporary growth. Here, we journey through the various neighborhoods that make up the heartbeat of Amarillo.

To begin our exploration at the heart of the city, we find Downtown Amarillo, where urban revitalization efforts have recently injected new life. This area combines commercial, residential, and cultural spaces, breathing new energy into the historic Polk Street with its bars, restaurants, and entertainment venues.

Adjacent to downtown is the neighborhood of Wolflin, one of the most prestigious and historically rich areas of Amarillo. With its tree-lined streets and stately homes, Wolflin offers a glimpse into the bygone era of early-20th-century elegance.

Moving toward the north, we discover the Boulevard Historic District. This neighborhood prides itself on meticulously preserved homes that speak to the heritage of the city, allowing residents to own a slice of Amarillo’s past while enjoying close-knit community bonds.

In the northeast, the historic neighborhood of Plemons-Eakle dates back to the early 20th century, famed for its eclectic blend of architectural styles, ranging from Queen Anne to Mission Revival, giving the area a charming, distinctive look.

The neighborhood of Oliver Eakle/AC District, named after Amarillo College, possesses a youthful spirit inspired by academic influence, with an array of student-friendly apartments and shared amenities.

Sleepy Hollow, located in the southwest quadrant of Amarillo, is a well-appointed residential community, with modern homes and peaceful surroundings, making it a retreat within the city for families looking for serenity.

Further south, the Puckett and Puckett West neighborhoods offer a suburban setting with spacious homes, parks, and a strong sense of community, ideal for those who prize close connections and outdoor activities.

Colonies, in the city's southern reaches, epitomizes upscale suburban living, with exquisite homes, manicured lawns, and an array of close-by shopping and dining options.

Then there’s the historic district of Bivins, which boasts a variety of unique home styles, its own rich personality, and deep community roots.

Lest we forget the bustling area of Soncy/Tradewind, a hub of commercial activity thanks to the Westgate Mall and numerous restaurants, yet still offering a variety of housing options, from apartments to townhomes.

The Greenways, known for its green belt and trails, is a picturesque area promoting outdoor activities and neighborly engagement, perfect for the active family or individual.

Hillside Terrace Estates, a newer neighborhood, features contemporary homes and is quickly becoming a popular choice for those seeking modern amenities and design.

Ridgecrest, another established neighborhood, features a mix of young families and older residents, each drawn to its well-kept properties and welcoming vibe.

Furthermore, there’s the charming City Park, characterized by modest homes and an almost suburban tranquility that belies its proximity to the city center.

The Llano Historic District, with its quaint, humble homes, appeals to those who appreciate simplicity and affordability while residing in a neighborhood steeped in history.

For a touch of the countryside within city limits, residents seek out River Road, offering more spacious lots and a more relaxed pace of life, while still being just a short drive from urban amenities.

Finally, the neighborhood of Lawndale provides an affordable and diverse area, with an array of housing types to accommodate a variety of residents, from young professionals to growing families.

With this broad spectrum of neighborhoods, Amarillo, TX, offers a patchwork of settings to call home, ranging from the historic to the contemporary, the serene to the bustling. Whether seeking a place with old-world charm, a hub of youthful dynamism, or a tranquil suburban nook, Amarillo’s neighborhoods cater to an eclectic mix of preferences and lifestyles, ensuring every resident or visitor can find their perfect spot under the wide Texas sky.

About Amarillo, TX And It’s Education Institutions

Amarillo, Texas, known as "The Yellow Rose of Texas," is steeped in the rich tapestry of the American West. The city boasts a variety of landmarks that draw tourists from all over the world. Perhaps the best known is Cadillac Ranch, an iconic public art installation featuring half-buried Cadillacs painted in bright graffiti. The Big Texan Steak Ranch, famous for its 72-ounce steak challenge, is another must-see. Other significant landmarks include the Amarillo Botanical Gardens, the Panhandle-Plains Historical Museum – the largest history museum in Texas – and the American Quarter Horse Hall of Fame & Museum, which celebrates the impact of this horse breed that originated from the Texas Panhandle.

Education is a cornerstone of this thriving city, which was founded in 1887 and now boasts a population of over 200,000 residents. Amarillo Independent School District (AISD) is a major educational organization, serving a diverse student body with a focus on preparing young minds for future success. The city has several top-ranked K-12 schools, both public and private, such as Amarillo High School, Tascosa High School, and Ascension Academy. For higher education, West Texas A&M University offers a campus in Amarillo, and Amarillo College provides a range of two-year degree programs and vocational training, ensuring that education resources are both abundant and accessible for those pursuing collegiate and vocational scholarly activities.

The neighborhoods of Amarillo, TX, are as diverse as its landscape, ranging from the historic Wolflin area, known for its beautiful old homes, to the up-and-coming Greenways, which caters to a more modern suburban lifestyle. Amidst the city’s development, the availability of quality education remains a top priority for the community. The city has invested in educational resources, like the Don Harrington Discovery Center, which enriches student learning with interactive exhibits, and the Amarillo Public Library system that offers extensive materials and programs for all ages. With a firm foundation on its Western heritage and an eye on the future, Amarillo continues to cultivate a well-rounded and robust community environment for residents and new arrivals alike.

Students at These Amarillo, TX Schools Excel with Our Tutoring

Please note that the following list is a curated sample of schools in Amarillo, TX, which includes both public and private institutions. The students from these schools have benefited from our tutoring programs, achieving enhanced academic performance and personal growth. While this list is not exhaustive, it offers an illustrative glimpse of the educational landscape in Amarillo, where various schools provide diverse learning environments and opportunities for their students.

Amarillo High School - A prominent public high school known for its strong academic and extracurricular programs. Tascosa High School - Offers a wide array of academic courses and several specialized programs. Caprock High School - This public high school has a commitment to student success and innovation. Palo Duro High School - Known for fostering a diverse and inclusive environment. Ascension Academy - A private college-preparatory school with a focus on a well-rounded education. San Jacinto Christian Academy - Providing a Christian educational environment for Pre-K through 12th grade. Amarillo Montessori Academy - Emphasizes individualized learning for children from age 2 to 6th grade. Holy Cross Catholic Academy - Amarillo's only Catholic high school, educating grades 6 through 12. Canyon High School - While located just outside Amarillo, it serves many students from the area. Arbor Christian Academy - A private school committed to academic excellence and Christian values. Randall High School - Part of the Canyon Independent School District and popular among Amarillo residents. River Road High School - A small-town atmosphere with a focus on individual student achievement. St. Andrew's Episcopal School - A private school that provides a challenging educational program within a nurturing Christian environment. Texas Panhandle Centers - Offers specialized educational services to children with developmental delays and disabilities. Highland Park High School - Known for its community involvement and supportive learning environment. Amarillo Collegiate Academy - This charter school boasts a rigorous academic program. Richard Milburn Academy Amarillo - A public charter high school designed to cater to students’ individual needs. Vista Academy of Amarillo - A free public charter school offering a personalized education. Wolflin Elementary School - One of the top-rated elementary schools in the public school system. Sleepy Hollow Elementary School - A highly regarded public elementary school with a focus on creating a strong foundation for learning.

This is just a snapshot of some schools in Amarillo, showcasing the range of educational options available for families in the area. Our tutoring program is proud to have supported students from these schools, helping them to realize their full 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.