How to Become a Financial Accounting Tutor

If you are contemplating how to become a financial accounting tutor, you need to have command of the accounting principles, practices and guidelines governing financial accounting.
The nature of tutoring also requires that you be able to communicate your expertise with precision and clarity.

Difficulty:

Moderately Easy

Instructions

How to Become a Financial Accounting Tutor

1. Identify your goals in becoming a financial accounting tutor. Simply put, why do you want to do this?
   1. Do you want to help others?
   2. Do you want to become a teacher?
   3. Are you just doing this to raise some cash in the short-term?
   4. All or none of the above? If this is the case, then what is the reason?
   Answering these questions is critical to this process because your answers will determine your course.

2. Decide who you want to tutor and which segment of the market will most benefit from your services as financial accounting tutor.
   Are you a college student and you need to have some extra cash to pay tuition or living expenses? Do you intend to tutor other students or will your services be available to the general public?
   Who you are (college student, unemployed accounting whiz or single parent) and who you want to tutor is an integral part of the next step in this process.

3. 

   Contact campus offices and other locations to notify them of your service offerings.
   If tutoring of college students is part of your strategy, make contact with the student services office and the Accounting department office to let the director, staff, department chair and professors know that you offer tutoring services for financial accounting. Oftentimes, these persons know of students who need the help, or they receive inquiries on a regular basis. It is important that they have your name and contact information readily available so that as inquiries come in, they can refer people to you.
   The same is true even if you are not planning to tutor college students. You will have to identify businesses and individuals that would, most logically, fit into your plan to inform them that you are a financial accounting tutor.

4. Check the Services Wanted section of your local classifieds as well as Craigslist.
   You would be surprised at the types of services people are looking for. This is not to substitute for you placing your own ads and posting flyers it is yet another way of you advertising your services.

5. 

   Draft and sign a contract with each of your students.
   Once you have agreed to tutor someone, you will need to make sure that you have some type of contract in place to ensure full payment, unless you are offering your financial accounting tutoring services gratis. Items to include in this agreement are:
   1. Complete names of both parties
   2. Dates and times of tutoring
   3. Location of tutoring
   4. Outline of areas student will be tutored in
   5. Payment amount (per hour or day or week) and payment frequency
   6. Payment methods
   7. Recourse in the event of late payment or non-payment
   8. Add other items that may be specific to each situation

Resources

• Financial Accounting: An Introduction to Concepts, Methods and Uses
• Tutoring as a Successful Business--An Expert Tutor Shows You How
• Financial Accounting, Student Workbook: Tools for Business Decision Making