Accounting students, struggling with a problem in the middle of the night, can now get live help from one of the new online tutoring companies. This is one of the fastest growing practices of  accounting tutor

Based in India and the U.S., these accounting tutor firms employ tutors from around the globe, using a combination of Voice over Internet Protocol (VoIP), instant messaging (IM) and a virtual white board to which the student and the tutor both have access.

Most of the new accounting tutor firm and tutoring companies are concentrating on elementary and high school students who need help with English, math and writing. Some hope to take advantage of the millions of dollars available to tutoring firms under the No Child Left Behind Act,

accounting tutor firm tutors needed to keep in touch with classroom teachers and “we believe there is greater difficulty in an offshore tutor doing that.”

www.homeworkanytimehelp.com is an online tutoring and homework help service. The tutors working here are a CPA and an MBA and along with a team of CPAs and MBAs provide accounting tutoring and homework help services online. They cover the entire range of accounting topics from introductory accounting to advanced accounting. They also assist with the analysis of accounting statements and in preparing accounting reports. Further they also have a team of accountants who share the work load and offer specialized assistance.

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Accounting questions can take several shapes. For example one of the accounting  questions could be as follows :-

As time passes, fixed assets other than land lose their capacity to provide useful services. To account for this decrease in usefulness, the cost of fixed assets is systematically allocated to expense through a process called

1. equipment allocation
2. depreciation
3. accumulation
4. matching

The correct answer for this question would be

B depreciation. When a fixed asset is acquired, its life will be predicted. If its life is #, say ten years, then each year a value of 10 Percent will be deducted from the asset value, and posted to depreciation.

Another accounting question could be as follows :-

The supplies account has a balance of $1,000 at the beginning of the year and was debited during the year for $2,800, representing the total of supplies purchased during the year. If $750 of supplies are on hand at the end of the year, the supplies expense to be reported on the income statement for the year is

A.$750

B.$3,550

C.$3,800

D.$3,050

The correct answer would be

A very simple way to calculate it is to take the difference between closing balance and opening balance (1000 – 750 = 250) Add this to the years purchases (2800 +250) = 3050 So D is the answer.

For accounting questions, one has to read books on accounts, understand the theory aspect and then apply the same

Management accounting or  accounting management is the internal business building role of accounting and finance professionals who work inside organizations. These professionals are involved in designing and evaluating business processes, budgeting and forecasting, implementing and monitoring internal controls, and analyzing, synthesizing, and aggregating information—to help drive economic value.

The role of management accounting (accounting management ) differs from that of public accounting, since management accountants work at the “beginning” of the value chain, supporting decision making, planning and control, while audit and tax functions involve checking the work after the fact. Management accountants are valued business partners, directly supporting an organization’s strategic goals. With a renewed emphasis on good internal controls and sound financial reporting, the role of the management accountant is more important than ever.

It obviously takes more people to “do” the work than it does to “check” the work. In fact, of the five million finance function professionals in the U.S., more than 90% work inside organizations as management accountants and finance professionals. Some common job titles for management accountants in organizations of all sizes and structure include: ( all these deal with accounting management )

* Staff Accountant
* Cost Accountant
* Senior Accountant
* Corporate or Division Planner
* Financial Analyst
* Budget Analyst
* Internal Auditor
* Finance Manager
* Controller
* Vice President, Finance
* Treasurer
* Chief Financial Officer (CFO)
* Chief Executive Officer (CEO)

The accounting homework solutions refer to the Accounting homework problems. Some of the solutions to Accounting  homework problems  are given below :

The internal rate of return (IRR) is defined as the rate of return an investment project creates over its entire life. It is computed by finding that discount rate that results in a zero net present value for the project.

Purchase raw materials journal entry is done by the following method

* Use the following information to record the purchase raw materials in the accounting ledger.
When you receive the ship, you are obligated to pay cash or a agree on paying at a later date

Both transactions require these accounting entries to keep the ledger in check.
* Increase raw materials inventory with credit
* Decrease cash account with debit
* Increase accounts payable with credit

Answer to accounting homework solutions for the problem Prepaid expenses and unearned revenues would be as follows :

In accounting, prepaid expenses and unearned revenues are considered prepayments by accountants. That is defined as money has exchanged hands but the expense or revenue is not recorded due to the expense has not been incurred yet or the revenue has not been earned yet by the company.

similarly answer to accounting homework solutions what is globalization would be :

In recent decades, globalization has been defined as an economic force driving worldwide economic integration and the expanding of businesses beyond their domestic borders. The worldwide trend of diminishing trade barriers, increased technology, and reduced shipping costs have promoted a prosperous era of world trade. Companies are no longer limited to their domestic boundaries and may conduct business anywhere in the world. Some benefits of globalization include lower prices and job creation.

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