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St. Louis Accounting tutors

Book Top-Rated Accounting Tutors Near Me In St. Louis, MO

Our St. Louis 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 St. Louis 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 St. Louis 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 St. Louis, 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 St. Louis, MO For In-Person & Online Tutoring


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

TM
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school rating and grades improved.

NC
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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.

EC
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Annie is great!!!!

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Madi is fantastic!!

NT
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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.

TG
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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.

JE
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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.

KK
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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...

AC
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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.

CP
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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...

NB
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So far so good

ER
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Very encouraging, and I enjoy working with her

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

GG
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Excellent tutor! He is very knowledgeable of the content! Our son has improved his grades since he started with Mr. Lopez!

KW
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Mario takes his time explaining each concept. I am finally understanding the subject and my test grades have approved drastically.

DY
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Excellent experience. Very good teacher

AJ
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I think Lisa Chaney is a great tutorial but I also think Corwon need a little more practice.

JB
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Hi my name is Jarian Brooks and I would recommend Greg to anyone who needs tutoring. I'm very pleased and very happy with the changes in my daughter with Greg.

DH
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McKenna has a good grasp of the AP pre-calc work that my daughter is work that my daughter is doing. She's able to help explain in a way that makes sense and has resulted in a benefit of my daughter turning her grades around significantly. I would gladly recommend McKenna for tutoring AP...

NH
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Carols warmth, experience and ability to truly connect with children is priceless. So happy we chose Frog tutoring!!!

KP
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Jade has a talent for working with school students. She is meticulous in her planning and focuses on helping children improve in specific areas. I highly recommend her teaching methods. Additionally, she is proactive in informing us of any potential issues in advance. We truly appreciate her...

RS
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she is so patient and very interactive, my son needs to be engaged and shes
doing great in that regard.

RS
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wonderful experience, my son likes lisa, shes taught him things he didnt know before and he is more confident.

Ya
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{not commented yet}she is very professional and patience with my son I like the strategy she use working with him. She have great knowledge on tutoring

HC
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Very helpful

HC
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Jade deserves thousands of stars. Best tutor I have ever had. She explains things in a clear concise manner. He knowledge base is amazing. She is amazing and I am so grateful for her help!!!!!!

IR
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Gregory excels as a tutor, demonstrating a genuine passion for teaching and a deep commitment to facilitating student learning. He meticulously delves into the intricacies of concepts, ensuring a thorough understanding by students. Gregory effectively uses examples to actively engage students in...

NM
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Jessie has been awesome with my kids. My daughter struggled with math last year, and Jessie got her completely up to speed in being an A student!

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{not commented yet}
Carol was wonderful. My child has a lot of energy and Carol was able to work with her and engage her in the lesson. Carol has so many ideas and resources at the ready to shift my child's focus back to the lesson. I'm looking forward to continuing with these sessions...

KC
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Very helpful and thorough when working with my son. She was very knowledgeable and could convey my son's learning material in a way that he understood. He went from AB Honoroll to A Honoroll! Thank you, Olivia!

RS
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We had a few sessions with Ms. Barron virtually and it was amazing to see how creative she was explaining the reading concepts to my 5 year old. We initially had some technical difficulties but she did a great job with improvising to ensure my daughter had a productive session. overall, i enjoyed...

RS
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Mr. Forster has been amazing for my 7 year old daughter. I requested tutoring primarily to help her with math. Coming out of first grade, she seemed to be struggling a little so over the holidays, i started her on tutoring to prepare her for 2nd grade. Over the past few months, her knowledge and...

LW
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AJ was very patient and knowledgeable of the content. He provide a very detailed and concise explanation with care which helped to ease my anxiety about math.

AP
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Kevin has been absolutely wonderful and patient while helping me prepare for my upcoming TEAS test exam. He explains things very thoroughly and takes time to make sure that I really understand the material being presented. I am very happy to have him as a tutor and he has helped me with a lot in...

JS
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Izzy was a great tutor. She clearly knew the subject matter.

TR
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Paul was knowledgably and friendly. He was always flexible, and worked around what was convenient for me.

D.
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great on helping me understand key concepts and helped with providing practice which allowed me to excel in my class

D.
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helped with my understanding of code and was able to do a great job on the AP exam

Es
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Very humorous and fun approach to physics. He makes physics interesting to learn.

AM
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I loved working with her. She set up a very comforting environment for me and was extremely understanding of anything I struggled with, not only that but I enjoyed being able to converse with her on how my brain works during tests and she gave me the appropriate amount of advice to overcome my...

KR
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Varre has done a wonderful job of tutoring my high school junior in both AP Physics and accelerated junior year math (Precalculus.). Prior to working with Varre, my son’s grades had been slipping and he was struggling with the concepts in both courses. Varre worked with him for a few weeks and...

SF
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Francisco is a wonderful tutor. My son is in college and we have used Frog Tutors off and on through high school and a couple of times since he's been in college. Francisco is not only very knowledgeable but the way he presents the material and re-teaches concepts is incredible. My son was...

NM
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Alex was my tutor for my Fall 2023 OSM 202: Intro to Business Analytics Course. He was always available, energetic, and open to all situations. We encountered a difficult situation in this course almost on a weekly basis and even when I became very frustrated, Alex knew how to calm me down. I...

AR
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Anthony has been encouraging and kind to our son who has severe adhd. Anthony has a large knowledge base and present material thoughtfully and thoroughly.

LM
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Great!!!!!

DC
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He's an icon to society and singlehandedly carried my calc II grade.

Qualification and Certification of Accounting Tutors Near Me In St. Louis, MO


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

St. Louis, MO 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 St. Louis, MO


  • 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 St. Louis, MO


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

Tutoring Locations For Accounting In St. Louis, MO


  • Student homes
  • Public Libraries
  • St. Louis neighborhoods and suburbs

Sign up now for our one-on-one private Accounting tutoring in St. Louis, MO


St. Louis, MO Tutoring FAQ

What are the best tutoring services in St. Louis, MO?

Among the top tutoring services in St. Louis is FrogTutoring. They offer personalized, one-on-one sessions with knowledgeable tutors across a wide array of subjects for all grade levels. Their educators are experts in the St. Louis educational landscape and thereby provide tailored learning experiences to meet each student's unique needs.

How do I find a qualified tutor for math in St. Louis, MO?

Finding a qualified math tutor in St. Louis, MO, is easy with FrogTutoring. Visit the FrogTutoring website, enter your zip code, and browse through a list of experienced math tutors in your area. You can also specify the math level (elementary through college) to ensure the most appropriate match for your educational needs.

Are there any affordable private tutors in St. Louis?

FrogTutoring offers affordable private tutoring options in St. Louis. They provide competitive pricing personalized to fit each student’s budget and learning needs. To discuss your requirements and find out more about pricing, contact FrogTutoring directly through their website or customer service line.

Can I get tutoring for test preparation in St. Louis, MO?

Yes, in St. Louis, MO, FrogTutoring offers comprehensive test preparation tutoring for a variety of exams including SAT, ACT, and GRE among others. Their tutors are adept at helping students understand the material, learn test-taking strategies, and build confidence to excel in their exams.

What subjects does FrogTutoring cover in St. Louis?

FrogTutoring in St. Louis covers a wide range of subjects, including math, science, English, and social studies, as well as more specialized subjects like foreign languages and computer programming. They cater to all grade levels, from elementary school through college.

How does FrogTutoring tailor sessions to individual student needs?

FrogTutoring tailors tutoring sessions by first assessing the student’s strengths, learning style, and areas of improvement. They then match the student with a tutor who has expertise in the subject area and the ability to connect with the student. The sessions are customized with materials and strategies to address the student’s specific goals and challenges.

Are the tutors from FrogTutoring background-checked?

Yes, FrogTutoring prides itself on the quality and safety of its tutoring services. All tutors go through a thorough background check process to ensure the safety and peace of mind of the students and their families.

Does FrogTutoring offer online tutoring services in St. Louis?

Indeed, FrogTutoring provides online tutoring services for students in St. Louis. This convenient option gives you access to their network of talented tutors from the comfort of your home, using an interactive and user-friendly virtual learning environment.

What is the process to get started with tutoring in St. Louis with FrogTutoring?

To get started with FrogTutoring in St. Louis, fill out the inquiry form on their website with your specific tutoring needs. FrogTutoring will then contact you to discuss your requirements, match you with a suitable tutor, and schedule your first session.

How can I track my child's progress with a tutor from FrogTutoring?

FrogTutoring provides progress reports and regular feedback to help you track your child's achievements and areas of improvement. Tutors work closely with parents to ensure that the child's learning goals are being met and to adjust strategies as the child progresses.

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.

St. Louis, MO Neighborhoods We Service

Tucked amidst the sprawling Midwestern charm, St. Louis, Missouri, is a city defined by its diverse neighborhoods, each one bringing its own unique vibe and community spirit to the greater metropolis. Residents and visitors alike can explore the various enclaves that offer a slice of life in St. Louis, ranging from the historic to the up-and-coming, the bustling to the serene.

  1. Downtown - The heartbeat of the city, home to iconic landmarks such as the Gateway Arch and Busch Stadium.
  2. Downtown West - Expanding the downtown experience, this area features loft apartments and an array of entertainment options.
  3. Midtown - An arts and educational hub, Midtown is where you'll find Saint Louis University and Grand Center arts district.
  4. Central West End - Home to chic dining, shopping, and residences, it's adjacent to Forest Park and the medical campus of Washington University.
  5. The Grove - A progressive, energetic district known for its nightlife and LGBTQIA+ friendly establishments.
  6. Soulard - Renowned for its historic market and annual Mardi Gras celebration, it's one of the oldest neighborhoods in the city.
  7. Lafayette Square - Featuring Victorian homes and a picturesque park, it's a quaint reminder of the city’s past.
  8. Benton Park - With beautiful homes and a thriving restaurant scene, this neighborhood is similar to Soulard in its historic charm.
  9. Tower Grove South and Tower Grove East - Popular for their proximity to Tower Grove Park and eclectic dining options.
  10. Shaw - Housing the stunning Missouri Botanical Garden, this area is both family-friendly and architecturally rich.
  11. Forest Park Southeast - Also known as The Grove, it has seen recent revitalization and is a hotspot for nightlife.
  12. The Hill - Famous for its Italian-American heritage, it offers some of the best Italian cuisine in the country.
  13. Southwest Garden - Adjacent to The Hill, it provides a quieter, more residential neighborhood feel.
  14. Dogtown - A traditional Irish neighborhood, it is known for its lively St. Patrick's Day festivities.
  15. Northampton - A tranquil yet lively locale, offering both quiet residential streets and bustling commercial areas.
  16. Southampton - Affectionately nicknamed SoHa, it’s characterized by charming bungalows and a strong sense of community.
  17. St. Louis Hills - Distinguished for its well-maintained homes, the art deco-style Francis Park, and the annual Christmas light displays on Candy Cane Lane.
  18. Holly Hills - With Carondelet Park as its backdrop, this neighborhood boasts picturesque boulevards and a friendly atmosphere.
  19. Clifton Heights - Recognizable by its scenic park and lake, it’s a small oasis within the city.
  20. Skinker DeBaliviere - A historic district that’s at once tightly knit and close to the action of both the Delmar Loop and Forest Park.
  21. Compton Heights - Designed as a residential enclave, it's one of the city's planned neighborhoods distinguished by grandiose homes.
  22. Fox Park - Shows off a blend of historic and modern with a tight community, all centered around Fox Park itself.
  23. Old North St. Louis - An area of revitalization, rich with history, and the award-winning Crown Candy Kitchen.
  24. Dutchtown - A large, densely populated district that’s as diverse as it is historic.
  25. Marine Villa - Offering stunning views of the Mississippi River and historical charm.
  26. Gravois Park - Notable for its titular park and an array of vintage homes and businesses.
  27. Tower Grove Park - Not a neighborhood itself but a central landmark that several of the surrounding neighborhoods are named for.
  28. Baden - Located in the far northern part of St. Louis, it's an area with deep roots and a strong sense of community.
  29. Walnut Park East and Walnut Park West - Primarily residential with a mix of both traditional and new homes.
  30. The Ville - An important historic African American neighborhood.
  31. O'Fallon - Known for its park of the same name, O’Fallon is a residential area still retaining its early 20th-century character.
  32. Penrose - A quieter residential area with access to community parks and recreation.
  33. Fairground - Named after the historic Fairground Park, this community is filled with character and potential.
  34. Bevo Mill - Dominated by the historic Bevo Mill, it features a mix of cultural influences, including a significant Bosnian population.
  35. Carondelet - One of the city’s older neighborhoods, it features historical architecture and a close-knit community feeling.

Each of these neighborhoods contributes to the rich tapestry that is St. Louis. From the contemporary pulse of Downtown to the traditional rhythms of The Ville, these communities are repositories of stories and echoes of the diverse cultural, historical, and societal influences that have shaped St. Louis into the city it is today. Visitors and residents alike can explore these neighborhoods, each offering its own brand of the St. Louis experience, whether you're looking for vibrant nightlife, family-friendly parks, culinary delights, or architectural marvels.

About St. Louis, MO And It’s Education Institutions

St. Louis, Missouri, a city with a rich tapestry of history and culture, is renowned for its striking landmarks and is steeped in a diverse heritage that dates back to its founding in 1764. Often recognized for the iconic Gateway Arch, which stands as a symbol of the city's historical role as the 'Gateway to the West', St. Louis is also home to a plethora of other notable sites. Among them are the historic Union Station, the Missouri Botanical Garden, and the Old Courthouse, where the Dred Scott case was heard. As of the latest estimates, the city boasts a population of over 300,000 residents, who live across various vibrant neighborhoods, each with its unique character, such as the trendy Central West End, the culturally rich Grand South Grand, or the bustling Downtown area.

The educational landscape of St. Louis is as diverse as its neighborhoods, with numerous esteemed institutions shaping its young minds. Amongst the top-ranked private K-12 schools are John Burroughs School and Mary Institute and St. Louis Country Day School, while notable public schools include Clayton High School and Ladue Horton Watkins High School. The city also offers a wide array of educational resources, including the St. Louis Public Library system and a variety of museums and cultural institutions that provide learning opportunities outside of the traditional classroom setting. The St. Louis Public Schools (SLPS) serves as the city's public school district, administering many of the public educational institutions within the city boundaries.

Higher education in St. Louis is equally impressive, with several prestigious universities that have deep roots in the city's development. Washington University in St. Louis is frequently ranked among the nation's top universities, offering a wide range of programs for both undergraduate and graduate students. Additionally, Saint Louis University, which is one of the oldest universities west of the Mississippi River, is known for its strong research initiatives and medical school. Other institutions such as Webster University and the University of Missouri-St. Louis contribute to making St. Louis a hub for educational excellence, providing students with the tools and knowledge necessary to shape the future of the city and beyond.

Students at These St. Louis, MO Schools Excel with Our Tutoring

As a leading tutoring provider, we have had the privilege of supporting students from a range of schools across St. Louis, MO. Below is a sample list of some of the top schools—both public and private—where our students have benefited from our educational services. Please note that this is not a comprehensive list of all the schools in the area, but it represents a selection of institutions where our students have excelled with our assistance.

Private Schools:

  1. John Burroughs School
  2. St. Louis University High School (SLUH)
  3. Mary Institute and Saint Louis Country Day School (MICDS)
  4. Thomas Jefferson School
  5. Whitfield School
  6. Villa Duchesne and Oak Hill School
  7. Westminster Christian Academy
  8. Chaminade College Preparatory School
  9. Visitation Academy of St. Louis
  10. Priory School (Saint Louis Abbey)

Public Schools:

  1. Clayton High School
  2. Ladue Horton Watkins High School
  3. Kirkwood High School
  4. Webster Groves High School
  5. Parkway West High School
  6. Lafayette High School
  7. Marquette High School
  8. Eureka High School
  9. Maplewood Richmond Heights High School
  10. Central Visual and Performing Arts High School

This representation showcases a diverse array of St. Louis' educational establishments, reflecting our commitment to supporting a broad spectrum of learners. From rigorous academics to creative arts, our tutoring programs have been tailored to meet the unique needs and aspirations of students from these esteemed schools.

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.

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