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Tempe Accounting tutors

Book Top-Rated Accounting Tutors Near Me In Tempe, AZ

Our Tempe 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 Tempe 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 Tempe 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 Tempe, 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 Tempe, AZ For In-Person & Online Tutoring


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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

PM
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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.

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!

NY
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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.

KR
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I’ve been studying for my HiSET GED exam for five months now and have been through multiple tutors already so I was glad to pair with Marthe. She has helped me so much, she is very efficient at helping me understand the ELA, Mathematics, Science and other topics especially with the longer word...

MP
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Everything is great.

CE
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Zara has been wonderful with our daughter Brooke. She is helping her boost her confidence and working with her on study tactics. She got a 100% on her recent biology test. Brooke is more motivated to study as well.

se
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very professional and very helpful.

JR
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She was wonderful to work with and very knowledgeable.

JS
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Corinna is very patient, especially when dealing with a frustrated student, and her skill at pinpointing where her students are struggling is remarkable. We can't recommend her enough.

AM
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Lorelei is prepared, professional and a great teacher, Thanks Lorelei!

AT
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Was able to help me understand my homework and how to solve my college algebra math problems.

WB
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great tutor, understood the material and presented it in an easy to understand format.

KO
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William is a very knowledgeable Tutor in Java, who is also very dependable to students like me, who were really struggling to grasp the college content. He ensured that I was ready to pass the class and he was very available even at short notices. I recommend him!

AJ
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He was amazing. Since my last structures course. Sadly I didn't get to pass but He was definitely helpful

Qualification and Certification of Accounting Tutors Near Me In Tempe, AZ


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

Tempe, AZ 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 Tempe, AZ


  • 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 Tempe, AZ


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

Tutoring Locations For Accounting In Tempe, AZ


  • Student homes
  • Public Libraries
  • Tempe neighborhoods and suburbs

Sign up now for our one-on-one private Accounting tutoring in Tempe, AZ


Tempe, AZ Tutoring FAQ

What are the benefits of private tutoring in Tempe, AZ?

Private tutoring in Tempe, AZ offers personalized attention, customized learning plans, improved academic performance, flexible scheduling, and a focused environment. Tutors, such as those from FrogTutoring, work one-on-one with students to address individual learning needs and help build confidence in challenging subjects.

How do I find a qualified tutor in Tempe, AZ?

To find a qualified tutor in Tempe, AZ, you can use reputable services like FrogTutoring, which vets its tutors for expertise and conducts thorough background checks. You can also explore local university tutoring centers, online platforms, and ask for recommendations from friends and educators.

What subjects can I get tutored in with FrogTutoring in Tempe, AZ?

FrogTutoring in Tempe, AZ provides tutoring in a wide range of subjects including mathematics, science, English, foreign languages, and test preparation for exams like SAT, ACT, and GRE. Whether you need help with elementary school basics or advanced college courses, FrogTutoring has experts ready to assist.

What is the typical cost of tutoring services in Tempe, AZ?

The cost of tutoring services in Tempe, AZ varies based on subject matter, tutor qualifications, and session length. FrogTutoring offers competitive pricing, and you can request a quote through their website for more specific information tailored to your needs.

Can tutoring help with standardized test preparation in Tempe, AZ?

Yes, tutoring can significantly help with standardized test preparation in Tempe, AZ. Services like FrogTutoring provide specialized programs and experienced tutors who focus on test-taking strategies, content review, and practice exams to improve scores on tests such as the SAT, ACT, and GRE.

Are online tutoring options available in Tempe, AZ?

Online tutoring options are certainly available in Tempe, AZ. FrogTutoring and other tutoring services offer remote learning opportunities through video conferencing platforms. These provide convenience, access to a broader range of tutors, and the ability to maintain learning continuity no matter your location.

How do I choose the right tutor for my child in Tempe, AZ?

To choose the right tutor for your child in Tempe, AZ, consider the tutor's expertise in the needed subject, teaching style, experience with your child's age group, and personality fit. With FrogTutoring, you can access profiles of qualified tutors and even receive help in matching your child with the best tutor for their unique needs.

What are the signs that my child might need a tutor in Tempe, AZ?

Signs that your child might need a tutor in Tempe, AZ include consistently struggling with homework, declining grades, a lack of confidence in a particular subject, frustration with schoolwork, and a noticeable disinterest in learning. FrogTutoring can help assess your child's needs and provide targeted support.

How can I measure the effectiveness of tutoring in Tempe, AZ?

Measure the effectiveness of tutoring in Tempe, AZ by monitoring improvements in grades, assessing your child's understanding of the subject matter, noting increased confidence and engagement in learning, and receiving regular progress reports from the tutor, which is a standard practice at FrogTutoring.

Is there tutoring available for college students in Tempe, AZ?

Tutoring is definitely available for college students in Tempe, AZ. Institutions like Arizona State University offer on-campus resources, and services like FrogTutoring provide subject-specific assistance as well as help with study skills and time management for college-level academics.

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.

Tempe, AZ Neighborhoods We Service

Tempe, Arizona, a vibrant city nestled in the heart of the Greater Phoenix area, is renowned for its dynamic culture, bustling economy, and diverse neighborhoods that cater to an array of lifestyles and preferences. From tranquil residential communities to lively districts pulsating with energy, Tempe offers a unique living experience for residents and visitors alike. In this guide, we will explore the distinct neighborhoods that make up this effervescent city.

Maple-Ash: Known for its historic homes and tree-lined streets, Maple-Ash is one of Tempe's most charming neighborhoods. With its strong community vibe and proximity to Mill Avenue, residents enjoy a blend of quiet living and easy access to entertainment.

Daley Park: Offering a mix of single-family homes and student-friendly housing, Daley Park is a versatile neighborhood. The central park, which shares the community's name, provides a great recreation spot for families and students from nearby Arizona State University (ASU).

Mitchell Park: Another neighborhood that exudes historic character is Mitchell Park. Its convenient location near ASU and downtown Tempe makes it a desirable area for those looking for a balance of residential peace and urban thrill.

Riverside: Situated along the Salt River, Riverside combines picturesque water views with recreational opportunities. It's perfect for outdoor enthusiasts who enjoy being close to nature without straying far from modern amenities.

Hudson Manor: Hudson Manor is a pleasant residential area with a range of housing options. Its proximity to Tempe Town Lake and the lively Mill Avenue district offers residents plenty of activities right at their doorstep.

Meyer Park: Named after the adjacent green space, Meyer Park is a family-friendly neighborhood with a communal atmosphere. The park itself is a local hub for sports and outdoor gatherings.

Cyprus Southwest: This neighborhood is known for its affordability and diverse housing choices, appealing to a wide demographic from young professionals to families.

Broadmor: Featuring a wealth of mid-century modern homes, Broadmor attracts architecture enthusiasts and those looking for a strong sense of community. The neighborhood is also close to several schools, parks, and commercial areas.

University Heights: As the name suggests, University Heights is a popular choice for faculty and students affiliated with ASU, featuring a variety of housing styles in an academic setting.

Tempe Gardens: A more established suburban area, Tempe Gardens offers spacious homes and mature landscaping. It's ideal for those who prioritize a neighborhood feel without sacrificing city conveniences.

Alameda: Alameda features modest homes, many of which are newly renovated. This neighborhood is an excellent choice for first-time homebuyers and young families.

Escalante: A diverse and up-and-coming neighborhood, Escalante is gaining popularity due to its affordable housing and investment in community development.

Kiwanis Park: Named after the expansive regional park it surrounds, this neighborhood is loved by active families and recreation lovers for its sports fields, lake, and picnic areas.

Pepperwood: This suburban neighborhood, nestled away from the city's hustle and bustle, offers peaceful living with the benefit of nearby commercial amenities and access to the I-10 freeway.

Brentwood-Cavalier: A relatively smaller neighborhood, Brentwood-Cavalier is known for its well-kept homes and proximity to the vibrant culture of downtown Tempe.

The Lakes: Unique for its waterfront properties in the desert, The Lakes neighborhood offers a one-of-a-kind living experience with community pools, boat docks, and a clubhouse.

Warner Estates: Recognized for its luxury homes and large lots, Warner Estates is one of Tempe’s more exclusive communities, appealing to those seeking upscale living.

Tempe Royal Palms: With a mix of original and updated homes, Tempe Royal Palms maintains its allure as a well-established community with a touch of modernity.

In summary, Tempe, AZ, boasts an array of neighborhoods that cater to a multitude of preferences, whether you're looking for the collegiate atmosphere near Arizona State University, the serene living by the lakeside, or the historic allure of tree-canopied avenues. Each district tells its own story, contributing to Tempe's rich cultural tapestry and establishing it as a prime destination to live, work, and play.

About Tempe, AZ And It’s Education Institutions

Tempe, Arizona, a bustling city located in the heart of the Metropolitan Phoenix area, is rich in both historic landmarks and modern attractions. One can see its history reflected in places like the Hayden Flour Mill, one of Tempe’s oldest landmarks, dating back to its agrarian roots in 1872. Another historic gem is the Tempe Depot, built in 1924, which now serves as a city transportation hub. Meanwhile, visitors and locals alike revel in the more contemporary marvels such as Tempe Town Lake – a recreational hotspot for water activities and host to many public events. For those with a cultural bent, the Tempe Center for the Arts provides a waterfront venue for theater, music, and art exhibitions. Tempe also proudly houses Arizona State University's main campus, with iconic architecture like the Grady Gammage Memorial Auditorium designed by Frank Lloyd Wright, enhancing the diverse architectural landscape of the city.

Tempe's commitment to education is evident through its numerous institutions and resources. From the esteemed Arizona State University that anchors the city's education system to quality K-12 schooling, Tempe places a high priority on learning and academic excellence. The city's primary and secondary students can attend schools in the Tempe School District, known formally as Tempe Elementary School District No. 3 for K-8 and Tempe Union High School District for 9-12. Among the top-ranking public schools are Corona del Sol and Desert Vista High Schools, while private education shines at Tempe Prep and Valley Christian High Schools. Education resources are abundant, with public libraries, after-school programs, tutoring centers, and the notable Education Innovation and Enterprise Hub operated by ASU designed to support student engagement and educational entrepreneurship.

Founded in 1871 by Charles T. Hayden, Tempe has grown from a humble agricultural settlement to a vibrant urban center, bursting with more than 180,000 residents as of the latest figures. The story of its name, rooted in the Vale of Tempe in Greece, reflects the beauty of its original riverbank setting. Today, Tempe is a city that values its community and neighborhoods, from the charming Maple-Ash neighborhood with its historic homes and giant canopy trees to the family-friendly atmosphere of South Tempe. With various initiatives like the City of Tempe Human Services Department and the Family Resource Centers, the city is determined to support its residents offering a myriad of physical and virtual support services. Tempe stands as an example of the dynamic interplay of history, education, and community in shaping a thriving and forward-looking city that honors its past while looking confidently toward the future.

Students at These Tempe, AZ Schools Excel with Our Tutoring

Below is a sample list of both private and public schools in Tempe, Arizona. These schools exemplify a variety within the educational landscape of the area and have had students who have greatly benefited from our tutoring services. Please note that this list is not exhaustive but represents a selection of institutions where our tutoring has positively impacted student learning and academic performance.

Public Schools in Tempe, AZ

  1. Tempe High School

    • An established public high school offering a rigorous curriculum and a range of extracurricular activities.
  2. Marcos de Niza High School

    • Known for its strong academic programs and community involvement.
  3. McClintock High School

    • Emphasizes both academic excellence and athletic achievement.
  4. Connolly Middle School

    • Prepares students for the transition to high school with its diverse educational programs.
  5. Tempe Academy of International Studies

    • Offers an International Baccalaureate Middle Years Programme.
  6. Rover Elementary School

    • Focuses on inspiring young minds through innovative teaching.

Private Schools in Tempe, AZ

  1. Tempe Preparatory Academy

    • A college preparatory school known for its classical education and Socratic teaching methods.
  2. James Madison Preparatory School

    • Offers a rigorous, liberal arts curriculum in a small school setting.
  3. International School of Arizona

    • Provides a bilingual education in French and Spanish with an international perspective.
  4. Valley Christian Schools

    • A top-rated Christian school serving students in grades K-12.
  5. Our Lady of Mount Carmel School

    • A Catholic school that emphasizes faith, academics, and service.

Charter Schools in Tempe, AZ

  1. BASIS Tempe

    • Part of the nationally recognized BASIS Charter Schools network, known for its challenging curriculum.
  2. Arizona College Prep Academy

    • Aims to prepare students for success in college and beyond.
  3. Legacy Traditional School - Tempe

    • Offers a back-to-basics curriculum with a focus on traditional educational values.
  4. Self Development Academy

    • Recognized for its excellence in education and comprehensive developmental approach.

Higher Education Institutions in Tempe, AZ

  1. Arizona State University

    • A top-ranked research university with a wide array of undergraduate and graduate programs.
  2. Rio Salado College

    • Provides a variety of learning opportunities and educational pathways for diverse student populations.
  3. University of Advancing Technology

    • Specializes in tech-focused degrees and is known for its hands-on educational approach.
  4. Southwest College of Naturopathic Medicine

    • Dedicated to innovative natural health and wellness education.
  5. Maricopa Community Colleges

    • Offers comprehensive community college programs including degrees, certificates, and continuing education.

This sample list is a showcase of the diverse educational options available in Tempe, Arizona. The schools listed here, among others in the region, have partnered with us to enhance their student's academic trajectories through our tutoring support services. As education facilitators, we are proud of the positive impact our tutors have had on the academic journey of countless students in the area.

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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