Muskan Kundra
Embark your fun learning journey of accounting with a dedicated tutor support and expertise.
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Muskan Kundra
Masters degree
/ 55 min
About your accounting tutor
I am muskan Kundra with more than 7 years of online and offline teaching experience. I hold the experience of teaching accounting subjects to indian and USA students. I ensure my teaching style caters to the learning pace of students. I can help you understanding basic concepts of financial, cost and managerial accounting. Along with that, i can help you solve homework quesions and ace your skills of using accounting software and excel for solving the case studies. Let’s pace this learning experience and make accounting a fun learning journey. Furthermore, my teaching style of Accounting is practical, structured, and student-focused. I believe that Accounting is best learned through understanding concepts clearly and then applying them through regular practice. Therefore, I aim to create a learning environment where students feel confident in dealing with numbers and financial concepts. I begin each topic by explaining the basic concept in a simple and logical manner. Accounting involves many rules and formats, so I ensure that students understand the “why” behind each concept rather than just memorizing procedures. For example, while teaching journal entries or ledger posting, I explain the reasoning behind debit and credit so that students can apply the rules correctly in different situations. Practice plays a key role in my teaching style. After explaining a concept, I provide multiple examples and gradually move from simple to complex problems. This step-by-step approach helps students build confidence and accuracy. I also encourage students to solve questions on their own and then discuss the solutions in class to clear any doubts. I make use of real-life examples to connect Accounting concepts with practical situations.
Meet Muskan
Muskan graduated from Scd government college, Ludhiana
Specialities of your accounting tutor
Exam prep
Understanding financial statements
Case study discussions
Homework help
Real world application
CoTutorAI modules
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1-yr validity
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Students for accounting class
Accounting for intermediate
Accounting for beginners
Accounting for adults
Muskan - Accounting tutor also teaches
Accounting
Financial Accounting
Managerial Accounting
Accounting Ethics
Accounting Standards
Cost Accounting
Accounting concepts taught by Muskan
The Student and Tutor reviewed key Accounting concepts, including break-even analysis and productivity. They practiced calculating break-even points in units and revenue, determined profit beyond break-even, and discussed the graphical representation of these concepts. The session also covered the definitions and calculations for labor and material productivity, and the Tutor agreed to share solutions for the Student's outstanding trial balance errors by today for an upcoming Wednesday deadline.
Break-Even Point Fundamentals
Contribution Margin & BEP Calculation (Units)
Calculating Profit Beyond Break-Even
Impact of Cost and Price Changes on BEP
Graphical Representation of Break-Even Point
Introduction to Productivity (Labor & Material)
Student and Tutor meticulously reviewed and corrected errors in accounting journals and ledgers, focusing on transactions involving cash payments, sales returns, and the intricate treatment of GST on discounts. The Student actively practiced recording entries, calculating GST, and posting to general ledgers. For future sessions, they planned to address subsidiary ledgers and trial balance issues, with the Student providing additional lesson materials (Week 3 and Week 5) to ensure alignment with their specific curriculum.
Reconciliation and Error Identification
Cash Payments Journal Entries
General Ledger Posting & Debit/Credit Rules
GST Adjustments for Prompt Payment Discounts
Sales Returns & GST Implications
The Student and Tutor worked on reconciling an accounting trial balance for an assignment (ACC 5102). They systematically identified and corrected several errors in ledger entries and trial balance figures, including unrecorded assets and incorrect discount entries. The session concluded with the Tutor advising the Student to continue with preparing subsidiary ledgers and journal entries for the next parts of the assignment, with a plan for a follow-up session to discuss these.
Trial Balance Reconciliation Techniques
Key Ledger Adjustments & Their Impact
Transitioning to Subsidiary Ledgers
The tutor and student worked on accounting journal entries using an Excel spreadsheet. They practiced recording various business transactions into specialized journals like cash receipts, cash payments, sales, and purchases journals, including the proper handling of GST. They also covered how to record purchase returns and owner's drawings in the general journal.
Special Journals in Accounting
Accounting Transaction Recording
Purchase Returns and General Journal Entries
GST Inclusive vs. Exclusive Amounts
The tutor and student reviewed and refined academic answers related to business environments, focusing on the impact of mission and vision. They discussed definitions, generic impacts, and specific company applications, with the tutor providing resources and guidance for improvement. The next steps involve addressing a new assignment on accounting journals.
Vision and Mission Statements
Purpose as a Strategic Tool
Continuum of Care Model
Impact of Vision
Mission
and Purpose on Business
The Tutor and Student worked on refining an academic assignment focusing on internal business environment factors and financial capabilities. They discussed identifying key business elements, extracting relevant financial data, and contextualizing information within industry trends. The Student was assigned homework to write a specific answer using provided resources and best practices for research and citation.
Internal Business Environment Factors
Financial Metrics: Turnover vs. Profit
Industry Analysis in Business Context
Quantitative Financial Data in Reporting
Cash Flow Management
Classroom tools used by accounting tutor
Graphing & charting tools
Video conferencing
Financial planning tools
Accounting software
Digital whiteboard
Accounting simulation apps
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