ACCOUNTING MASTER: Financial, Managerial, & Cost | Audit-Tested | Bilingual (FR/ENG)

The Tutor and Student reviewed core accounting principles, including revenue recognition and the matching principle for expenses. They practiced adjusting entries for prepaid expenses and depreciation, focusing on how to account for the consumption of benefits over time and the proper use of asset and expense accounts. The next session will involve continuing with these practice problems.

The Tutor and Student reviewed accounting principles, focusing on journal entries, general ledger, and the rules of debit and credit. They practiced analyzing transactions and preparing a trial balance, with plans to cover financial statements and additional exercises in future sessions.

The tutor and student worked on applying language skills in formal settings, including drafting a letter of recommendation for a grant application. They also practiced pronunciation and vocabulary related to specific business and cultural scenarios, with a focus on French terms.

The Student and Tutor conducted a comprehensive review of French fundamentals, covering the alphabet, days of the week, months, and essential conversational phrases. They also practiced expressing language abilities, identifying cognates, using clarification phrases, and mastering the "I would like to..." grammatical structure with infinitive verbs. The session concluded with an extensive review of numbers from 1 to 100, with plans to continue building on these foundations.

The Student and Tutor reviewed fundamental accounting definitions, including assets, liabilities, equity, revenues, and expenses. They extensively practiced applying debit and credit rules to various transactions and discussed the systematic process of journalizing transactions into a general journal and subsequently posting them to the general ledger. The next session will continue with T-accounts to further solidify these concepts.

The Student and Tutor reviewed core Accounting concepts, including the definition and importance of accounting, how to analyze and record transactions, and the distinction between internal and external users of financial information. They thoroughly examined asset, liability, and equity accounts, focusing on specific examples like prepaid accounts, accrued liabilities, and unearned revenue. The plan is to continue reviewing Chapter 2 and proceed to Chapter 3 in subsequent sessions, with an additional review session scheduled before the Student's upcoming exam.