course icon
Accounting Crash Course

Used widely at investment banks and universities to quickly get trainees up to speed on accounting quickly and efficiently, and satisfies the accounting prerequisite for every Wall Street Prep modeling course. The course is written in a clear, easy-to-follow style that makes accounting accessible, and is filled with exercises that test and reinforce covered concepts.

Course Video Samples

video thumbnails

The Lemonade Stand Revisited

video thumbnails

Cash From Operations

video thumbnails

Linking the 3 Financial Statements


What You Will Learn

  • The accounting foundation required for students enrolling in any Wall Street Prep modeling program.
  • Designed for those with no prior accounting background as well as those seeking a refresher.
  • Written in a clear, easy-to-follow style that bridges academic concepts with real-life applications.
  • Filled with exercises that test and reinforce covered concepts.

Accounting Crash Course Agenda

course icon

Introduction to financial accounting

  •  The ABC’s of accounting – its purpose, uses, and users
  •  Accounting regulations and principles
  •  U.S. versus international accounting standards (US GAAP vs IFRS)
  •  Financial reporting – introduction to corporate filings

Income statement

  • Revenue recognition & accrual concept of accounting
  • Expenses & the matching principle
  • COGS and depreciation
  • SG&A, R&D and operating expenses
  • Income taxes and non-operating expenses
  •  Non-GAAP vs GAAP reporting and non-recurring items

Balance sheet

  • Overview, classifications, and typical items
  • Analysis of the income statement-balance sheet relationships
  • Working capital: Accounts receivable & revenues
  • Inventories & COGS
  • Fixed assets & depreciation
  • Intangible assets & goodwill
  • Deferred tax assets/liabilities & income taxes
  • Retained earnings & net income
  • Lease: Capitalizing versus expensing

Cash flow statement

  •  Overview – direct versus indirect methods of cash flow statement preparation
  • Cash flow from operations
  • Cash flow from investing activities
  • Analysis of cash flow from financing activities

Financial ratio analysis

  • Purpose and use of ratio analysis
  • Liquidity, profitability, activity, and solvency ratios
  • Financial ratio analysis - an integrated approach