Accounting Help for Students Online

Accounting Help for Students Online

Learn Everything About Accounting with the Help of Online Tutors

Accounts are considered to be a subject that can turn out to be quite tricky and complicated. However, it is absolutely essential for students studying in the field of commerce to have a good grasp on the subject. At myhomeworkhelp, we provide accounting help for students online to help them excel in the subject. Be it the basics of accounting or a more complex concept, we have tutors who can help you out.

What is accounting?

Accounting can be defined as the process of recording a business’ or an organization’s financial transaction. It interprets documents, classifies, examines and outlines monetary information in an organized way. From the very definition itself, you may think it is a complex process. If you want to get good at accounting, you need to pay special attention. Of course, whenever you need any help, our experts are here to guide you.

Types of accounting

The subject of accounting can be majorly broken into three categories, including:

  • Financial Accounting
  • Cost Accounting
  • Management Accounting

Financial Accounting

This type of accounting primarily deals with recording financial transaction in balance sheets and profit and loss accounts. Financial accounting is mainly concerned with:

  • Recording transactions of the company
  • Preparing accounts and balance sheets as and when necessary

Cost Accounting

Accounting of costs is known as cost accounting. This field of accounting concerns itself with influencing the unit cost of any service provided or output produced. Cost accounting performs functions like:

  • Cost control
  • Determination of cost of goods

Management Accounting

Financial accounting and management accounting collects and arranges information. This information is used by management for working more efficiently. Also, the outsiders can use the relevant information they need. Management accounting is responsible for providing the final data to the management. This data helps them to take more informed decisions. The decisions are aimed at minimizing loss and maximizing profits. provides accounting help for students online in all fields. Whether you need assistance with financial, cost or management accounting, we can always provide you the necessary academic assistance.

Basic principles of accounting

The financial information provided by accounting is critical for the functioning of any business or organization. The field of accounting is highly regulated. The entire procedure needs to be conducted keeping certain accounting principles in mind. If you are having trouble understanding these principles, do not worry. Our tutors offering accounting help for students online can explain all the basic accounting principles in details. These include:

  • Accrual principle:

This principle dictates that accounting transactions should be recorded in a period when they occur. Recording of transaction should not be based in the cash flow associated with the transaction. The accrual principle is critical for creation of accurate financial statements. If this principle is ignored, there might be delay because of expenses being reported only upon payment.

  • Conservatism principle:

This principle states that liabilities and expenses should be recoded as soon as possible. It also states that revenues and assets should be noted only when there is a certainty of them materializing. With delayed recognition of assets and revenue, the profits reported might be delayed. It also causes loss recording to be done sooner. To know more about conservatism principle, get our accounting help for students online.

  • Consistency principle:

It is based on the idea that after a company has adopted an accounting method, it should continue using it. It should only adopt a new method or principle if it is better than their existing method. If the company doesn’t follow the consistency principle, switching between different accounting methods could be difficult in the long run. The financial results over the longer term could be hard to recognize

  • Cost principle:

It states that a business’ liabilities, assets and equity investments should only be recorded at their actual cost of purchase. Cost principle is losing its validity because certain accounting standards adjust assets and liabilities as per the fair market price.

  • Economic entity principle:

This principle states that a business’ transactions must be separate from the owners as well as other businesses. It prevents mixing up of assets and liabilities between different entities. Otherwise, the mixing up would cause difficulties while initially auditing financial statements of a new business.

  • Full disclosure principle:

According to this principle, financial statements must include all the information that readers of the statement require to understand it. When you take accounting help for students online from us, we will explain how to include information in financial statements. Our accounting experts will teach you everything that you should know.

  • Going Principle:

It states that a business should continue to be operation for future that is foreseeable. This allows business owners to defer recognizing certain expenses like depreciation until a future date. Without this principle, business would have to recognize expenses at once, without deferring it.

  • Matching principle:

As per the matching principle, while recording revenues, an organization should also record the expenses related to it. For instance, the cost of goods should be charged from inventory at the same time as revenue generated from sale.

  • Monetary unit principle:

This principle states that only the transactions that can be explained in terms of currency unit can be recorded. Purchasing a fixed asset is simple because it was bought at a certain price

  • Readability principle:

It states that recording of transactions should only be done if it can be proved. This principle is vital for auditors who require proof for supporting transactions. An example of an evidence of an expense is supplier’s invoice.

  • Revenue recognition principle:

It dictates that a business should only recognize revenue when it has completed the process of earning.

  • Time period principle:

It states that businesses should record its operations’ result over a standard time period.

Why us?

The best place to get accounting help for students online is myhomeworkhelp. That is because:

  • We offer a team of expert online tutors
  • We are available 24×7 at your service
  • We always avoid plagiarism when we provide you content
  • Our rates are affordable for all students.


We’re rated Excellent

4.7 out of 5 based on 39 reviews

Order Homework Help
Click or drag files to this area to upload. You can upload up to 5 files.
We do not share numbers with 3rd party.

Join over 200,000+ happy students served our tutors

Take a look at independent reviews to see what users have to say about our homework help service.


overall rating
on LiveChat


of users
recommend service

How It Works

1. Get Price Estimate.
1. Get Price Estimate.


Send us your homework. Mention deadline & upload relevant files.

2. Pay Securely.
2. Pay Securely.


We accept all major credit cards. Partial payments also accepted.

3. Get Solutions.
3. Get Solutions.


Receive error-free, step-by-step solutions in your email.


Why use Myhomeworkhelp?

We provide you with the homework help from top experienced experts. Your satisfaction is a priority to us. Get better grades or money-back. It’s that risk-free! Furthermore, everything about you is kept confidential.

How quickly can you help me with my homework?

We take pride in our 24×7 homework help services. Which means, student can approach us anytime, to get help even on short notices. As short as few hours! And yes, we provide complementary plagiarism-free report.

How much will it cost?

We do not have a monthly fees or minimum payments. Each homework task is quoted a unique price. It is based on tutor’s estimate of the time it will take them to complete your task. There are no obligations, and you are free to discuss the price quote with the tutor.
We do accept partial payment (subject to our policy) to start working on your assignment help. You can pay the remaining amount when your task gets completed. No pressure of up-front payment. No hidden costs.

Who are your tutors?

All our experts are highly qualified professionals – holding at least Master’s degree of their respective fields of expertise. We are very selective and choose only the best qualified tutors for each academic subject. All tutor applicants must provide academic transcripts for each degree they hold, and are tested and screened carefully by our staff.

I have privacy concerns. Can I trust you?

Myhomeworkhelp has completed over 250,000 homework help tasks over the last 12 years. But do not take our word for it! See our here and on Trustpilot. Furthermore, everything about you is kept confidential. Your credit card information is not stored anywhere, and use of PayPal relies on their secure payment networks. Your identity, payment and homework help are in safe hands.

Check our video

Our Reviews