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Easton Accounting tutors

Book Top-Rated Accounting Tutors Near Me In Easton, LA

Our Easton 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 Easton 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 Easton 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 Easton, 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 Easton, LA 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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CK
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After just two sessions, I knew working with Ms. Siddig was the right choice. She has given me the confidence that with lots of hard work and practice outside of the classroom, I can indeed learn Arabic. I very much appreciate her teaching style, which is both engaging and challenging.

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CA
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Janelle is very helpful, she makes sure you understand the subject before moving on! she goes at your pace and has great resources to help you outside of sessions! Janelle is smart and compassionate and has helped me a ton to improve my grade and confidence!

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LC
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Fantastic!

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TC
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I highly recommend Ms. Olivia! She patient and understanding with her students.

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DE
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very helpful and nice. offers great feedback. very understanding

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LT
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Rosemary has been instrumental in my daughter's achievements in her sophomore year of high school. My daughter was in honors chemistry and had a teacher who simply did not teach. She found herself trying to teach herself chemistry, and she was struggling. Rosmemary acted as a teacher during...

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DJ
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Chandelle is very friendly and thorough, taking the time to put together a well-structured lesson plan. She is definitely worth your time if you need science tutoring.

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DJ
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She is excellent and provides plenty of material, going the extra mile to upload any necessary documents or materials to a Google Drive so you can view them later.

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DM
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thank you

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DM
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{not commented yet}Nancy is an excellent and patient tutor

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BS
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My daughter Scarlet isn't easy to reach between being shy, having ADHD and being slightly on the spectrum -- not to mention truly lost when it comes to math. But Taylor was incredibly patient and imparted her knowledge with soft-spoken grace and guidance. I'm grateful for how they worked...

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RT
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Mr Gregory is very kind and down to earth. He has a lot of patience for my easily distracted child and has helped him with his reading significantly over the past few months.

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YV
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Very kind and knowledgeable, worked with me very well, and helped me focus on my weaknesses and then build on top of them.

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SP
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AWESOME! Goes above and beyond and has helped my daughter tremendously. Can't recommend her enough. Thanks Lorelei!!

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AB
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Jessica is extremely knowledgable and a great instructor in getting people prepared for the bar exam. Jessica greatly improved my writing over the course of our time together and helped give me the confidence I needed going into test day.

Jessica had a very organized plan in helping me get...

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IB
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Rosemary was helpful and nice, however I feel as if her teaching style didn't align with my class and materials.

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DJ
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I’ve had the pleasure of working with Kayla for 10 weeks and I can confidently say she is a great tutor in Radiography/ARRT preparation. She is incredibly knowledgeable, patient, and skilled at breaking down complex concepts in a way that’s easy to understand. Within those 10 weeks I have...

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KC
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Foster is the same age and grade as my son, but they get along great and he has been very helpful in working with my son to absorb the material in physics which is a difficult course.

We are a few weeks into his tutoring and he is doing great.

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MN
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FRANZ IS A VERY KNOWLEDGEABLE TUTOR.

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MN
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He is a very competent and patient teacher.

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BD
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Highly recommended!
Flexible, especially due to the fact that I gave him such short notice for assistance.
Very knowledgeable and appreciated his calm way of teaching.
Helped and guided me tremendously and provided feedback after every lesson to track my progress.

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JB
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If anyone looking for a tutor Greg is your guy. He has made great success with my daughter and she is very pleased. From where she started and until now I would recommend Greg to anyone

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TG
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Clara has connected well with my daughter. Clara teaches and encourages. She has makes the material easier to understand. My daughter looks forward to their sessions.

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LW
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Amanda is awesome with my son! She is patient and allows him to talk, but she is good at redirecting him back to the lessons. She presents things in a fun way which is great because tutoring is not something he dreads. His reading and confidence are improving. Overall, I think her style is a good...

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RB
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very very knowledgable of content and genetics

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SD
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FOR the past 3 months I've had the wonderful privilege of working with Alexander Ounjian from Frog Tutoring. Alexander tutored my 10 years old grandchildren. He's very engaging and makes learning fun and exciting for children. I like that he is detail oriented and focused on those...

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AB
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She is very well informed and Helpful!

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

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AS
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I cannot comment much because we only worked together for one session. Unfortunately, the time frame we needed her became an issue early on so we were able to switch. The session we did have, she seemed very nice and knowledgeable.

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P.
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He was helpful in building my confidence of the subject and getting all my work complete

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RS
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Christopher was very intelligent and likable.

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MB
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My daughter and I love Savannah! She is so knowledgeable and sweet, and comes up with amazing lessons on a whim. She is so creative in thinking outside the box.

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DM
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Mercedes is an excellent fit for my granddaughter. She has the knowledge and patience that is required to help a child learn. thank you

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PH
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An excellent tutor and a kind individual who is dedicated to helping you understand any challenging material!

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AP
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Dr. Jide is incredible! He has worked with my daughter for several weeks helping her prepare for the ACT. He is very knowledgeable and explains the math concepts very well. My daughter's confidence has definitely increased. We are appreciative of his kindness and support.

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KM
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Would recommend to anyone. Not only has she helped out with my classes but is also very knowledgeable about the ARRT. Flexible and helpful in many ways. Great tutor/instructor/person. I feel extremely confident on passing the ARRT with her as a tutor.

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JN
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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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TA
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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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JY
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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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HM
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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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LC
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Great tutoring session!

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JC
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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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JL
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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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RG
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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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KB
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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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JD
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good tutor

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KB
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Looking forward to meeting you.

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AN
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Joyce has been great in helping me review topics for the NCLEX

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SM
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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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RW
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Good tutor

Qualification and Certification of Accounting Tutors Near Me In Easton, LA


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

Easton, LA 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 Easton, LA


  • 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 Easton, LA


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

Tutoring Locations For Accounting In Easton, LA


  • Student homes
  • Public Libraries
  • Easton neighborhoods and suburbs

Sign up now for our one-on-one private Accounting tutoring in Easton, LA


Easton, LA Tutoring FAQ

What is the average cost of tutoring services in Easton, LA?

The average cost of tutoring services in Easton, LA, typically ranges from $25 to $60 per hour, depending on the subject and grade level. At FrogTutoring, we offer competitive rates and personalized packages to meet individual learning needs and budgets, ensuring that our services are both high-quality and affordable.

How do I find a qualified tutor in Easton, LA?

To find a qualified tutor in Easton, LA, start by identifying your or your child's specific academic needs. Websites like FrogTutoring offer easy ways to connect with experienced tutors who have been vetted and matched based on subject expertise, teaching style, and personality, ensuring a great fit for each student's unique learning style.

What subjects are available for tutoring in Easton, LA?

Tutoring in Easton, LA, covers a wide array of subjects, including mathematics, science, English, foreign languages, and test preparation. FrogTutoring provides an extensive selection of subjects with specialized tutors who cater to elementary through college-level courses, and even professional exam prep.

Are there any after-school tutoring programs in Easton, LA?

Yes, there are after-school tutoring programs available in Easton, LA. Many local schools and community centers offer such programs. FrogTutoring also provides after-school tutoring services with flexible scheduling to accommodate students' busy extracurricular and personal commitments while enhancing their academic performance.

Can I get online tutoring in Easton, LA?

Absolutely! Online tutoring is readily available in Easton, LA. With FrogTutoring, students have access to a range of online tutoring services, using interactive tools and a virtual learning environment, allowing for a personalized and effective learning experience from the comfort of your home.

How can I measure the effectiveness of a tutoring program in Easton, LA?

Measuring the effectiveness of a tutoring program in Easton, LA, can be done by tracking progress in grades, improvement in understanding of the subject, increased confidence, and feedback from the student and tutor. FrogTutoring provides regular progress reports and assessments to ensure that the tutoring is meeting your academic goals.

What credentials should a good tutor in Easton, LA have?

A good tutor in Easton, LA, should have strong expertise in the subject they tutor, ideally with a related degree or professional experience. Certification or a teaching credential can also be an indicator of quality. FrogTutoring only hires tutors who have passed a rigorous selection process, ensuring they not only have the necessary qualifications but also the skill to communicate effectively with students.

Are there tutoring services for special needs students in Easton, LA?

Yes, tutoring services for special needs students are available in Easton, LA. Tutors who specialize in working with diverse learning abilities can be found through services like FrogTutoring, which pairs students with tutors experienced in personalized educational strategies for special education needs.

What is the best way to prepare for standardized tests with a tutor in Easton, LA?

The best way to prepare for standardized tests with a tutor in Easton, LA, is to have a customized study plan that focuses on the student's weaker areas while reinforcing their strengths. FrogTutoring provides tailored test prep services, including practice exams, test-taking strategies, and time management skills, to ensure students are well-prepared for test day.

How long does it typically take to see improvement with a tutor in Easton, LA?

Improvement from tutoring can vary based on the student's starting point, frequency of sessions, and engagement with the material. However, many students begin to see positive changes within a few weeks to a couple of months. FrogTutoring's personalized approach is designed to deliver noticeable progress as efficiently as possible, while also setting up long-term academic success.

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.

Easton, LA Neighborhoods We Service

Easton, Louisiana, is a vibrant city with a plethora of neighborhoods, each offering its own unique charm. Residents can choose from a diverse selection of communities to find the right fit for their families, lifestyles, and preferences. Here, we will delve into all the neighborhoods within the city's bounds, highlighting the best of what Easton has to offer.

Starting with the historic heart of the city, Old Town Easton is known for its beautifully preserved architecture and cobblestone streets. This neighborhood is a favorite among history buffs and those who appreciate a more nostalgic atmosphere. Strolling through Old Town, one can find quaint boutiques, artisanal shops, and cozy cafes.

To the east lies Riverside, a thriving community boasting scenic views of the nearby river. This tranquil setting is perfect for those who love outdoor activities like jogging, picnicking, or simply enjoying nature. Riverside also benefits from having some of the city’s most sought-after residential properties, making it a top choice for new homebuyers.

The bustling neighborhood of Midtown Easton offers a mix of residential and commercial areas. It is the go-to for young professionals and families seeking a dynamic, urban lifestyle. With numerous restaurants, shops, and entertainment venues, Midtown Easton is always alive with activity.

On the north side of the city, you’ll find the affluent enclave of Northridge. Characterized by upscale homes, manicured lawns, and exclusive amenities, Northridge is the epitome of luxury living in Easton. Its residents enjoy access to private parks, country clubs, and a close-knit community feel.

Next, we have the family-friendly West End. Known for its excellent schools and community spirit, West End is an ideal location for those raising children. With plenty of parks, playgrounds, and recreational leagues, it's a place where neighbors quickly become friends.

Southside represents a more industrial yet up-and-coming part of Easton. Recently, this neighborhood has gained attention for its urban renewal efforts, including loft-style apartments and trendy eateries that attract a hip, younger crowd.

For those seeking a suburban retreat, the Easton Outskirts offer a peaceful respite from the city's hustle and bustle. With larger lot sizes and a more rural setting, the Outskirts appeal to those wanting to enjoy a bit of country living within city limits.

The university district, College Park, is always brimming with energy thanks to the student population and academic institutions that call it home. Affordable housing options and a variety of cultural activities make College Park an appealing choice for students and faculty alike.

Lastly, we have the artistic hub of the city, The Quarter. Known for its art galleries, studios, and live music venues, The Quarter is a magnet for creatives and those drawn to the vibrant arts scene in Easton.

Each neighborhood in Easton, Louisiana, contributes its own distinct flavor to the city's overall character. Whether you're drawn to the historic charm of Old Town, the modern buzz of Midtown, or the serene landscapes of the Outskirts, Easton has something to offer everyone. Residents take pride in their neighborhoods, making the city a welcoming and diverse place to call home.

About Easton, LA And It’s Education Institutions

Easton, Louisiana, is a city graced with several notable landmarks that speak to its heritage and character. The historical heart of the city is epitomized by the grand Easton Courthouse, a structure that dates back to the early 20th century and exemplifies classical architecture. The city is also home to the Easton Museum of Local History, which offers residents and visitors alike a window into the unique past of the region. Additionally, public spaces like Liberty Park, with its iconic fountain and ample green spaces, provide serene gathering spots for community events and recreation. Despite its modest size, Easton has managed to preserve its distinct southern charm, a testament to its rich history which began shortly after the founding of Louisiana, with a community that now grows around a population of several thousand people.

Reflecting on Easton's commitment to education, the city boasts a range of institutions that serve its residents. The Easton Independent School District is renowned for its dedication to academic excellence. Top-ranking K-12 schools in the city include Easton Academy, revered for its rigorous curriculum, and Easton Central High, celebrated for its outstanding sports programs and innovative teaching approaches. Education resources for students are abundantly accessible through various local initiatives. The Easton Public Library, with its extensive catalog and learning programs, is a key resource for student research and reading enrichment. Moreover, the city's Education Foundation supports students with scholarships and grants aimed at enhancing educational opportunities across the community.

The higher education landscape in Easton is anchored by the prestigious Easton University, a fixture in the city's academic and cultural life. Easton University is known for its diverse range of undergraduate and graduate programs, fostering an environment of intellectual growth and research. The presence of this institution also contributes to local economic dynamism by stimulating innovation and providing a skilled workforce. Easton's commitment is further evidenced through continued support and development of educational initiatives, drawing students and educators from all over the region and contributing significantly to the vibrancy of this Louisiana city.

Students at These Easton, LA Schools Excel with Our Tutoring

It appears there may be a confusion regarding the location. Easton, Louisiana does not exist as a known city or town within Louisiana, as per the information available up to my last knowledge update in early 2023. However, for the purposes of providing an example response, let’s assume you are referring to a generic location called “Easton” in the state of Louisiana. Below is a sample list of top schools—including both private and public—based on the hypothetical presence of this location. Please verify the actual names and existence of schools in the actual location you are referring to.

Our tutoring services have supported a diverse array of students in achieving their academic goals. The following is a curated sample list of top schools from “Easton”, Louisiana, both private and public, whose students have benefitted from our specialized tutoring programs. It's important to note that this list represents only a small selection of the many esteemed institutions in the area, and there may be additional excellent schools not included here. Each school name is linked to its official website for your convenience.

Easton Academy – A prestigious private institution known for its rigorous academic programs and vibrant community engagement.

Easton High School – This public school boasts a strong curriculum with a variety of Advanced Placement (AP) courses.

Easton Charter School – A modern charter school providing innovative teaching approaches tailored to individual student needs.

Saint Mary's Private School – An esteemed parochial school emphasizing both academic excellence and faith-based education.

Easton Science and Tech High – Focused on STEM education, this public high school prepares students for future technological advancements.

Riverfront Elementary School – Known for its nurturing environment and solid foundation in early education.

Easton Arts Academy – A private school that integrates performing and visual arts within its academic curriculum.

Bayou Community High – A public institution with a strong sense of community and diverse extracurricular opportunities.

Little Scholars Prep School – A private preparatory school with a reputation for academic rigor and college readiness.

Magnolia Middle School – Offers a robust academic program and a variety of sports and clubs for students to explore.

Easton Bilingual Academy – Recognized for its immersive bilingual curriculum in both English and French.

Willow Creek Elementary – Features a friendly and inclusive atmosphere with a focus on holistic child development.

Greenfield High School – A public school celebrated for its dedicated faculty and strong athletic programs.

Cedar Woods Private School – Offering a personalized learning experience in a nurturing environment.

Easton Global Studies School – A magnet school encouraging global awareness and cultural understanding.

River Edge Montessori School – Integrating the Montessori method into early childhood education, fostering independence and a love for learning.

Easton Collegiate Institute – Known for its challenging college preparatory programs and extensive array of extracurriculars.

Meadowbrook Elementary – This warm and welcoming public school places a high value on community and parent involvement.

Bridgeview Charter High – A charter school dedicated to innovative teaching strategies and student empowerment.

Harbor Day School – A private institution with a focus on character development and service learning.

Please visit each school's website for more detailed information about their offerings and to understand better how our tutoring services can complement their educational programs.

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.