Wall Street Prep
Accounting Crash Course
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Accounting Crash Course

52 Lessons
6h 57m
87,201 Students

Used widely at investment banks and universities, the Accounting Crash Course will bring trainees up to speed on the income statement, the balance sheet, the cash flow statement and more.

Course Objectives

Our step-by-step video lessons make accounting accessible and are filled with real-world exercises that test and reinforce covered concepts.

We begin with an analysis of basic accounting rules and the structure and composition of key financial filings like 10Ks and 10Qs. Then, we introduce the income statement, balance sheet, cash flow statement, and thoroughly analyze their important inter-relationships, line-by-line, all the while using real life examples to reinforce important concepts. The course concludes with a discussion of ratio analysis that ties together previously covered concepts. This course satisfies the accounting prerequisite for every Wall Street Prep financial modeling course. Step-by-step video lessons make accounting accessible, and are filled with real-world exercises that test and reinforce covered concepts.

What You Will Learn

  • Balance sheet
  • Working capital
  • Inventories & COGS
  • Fixed assets & depreciation
  • Intangible assets & goodwill
  • Deferred tax assets/liabilities & income taxes
  • Retained earnings & net income
  • Capitalizing versus expensing
  • The cash flow statement
  • Financial ratio analysis

Wall Street Prep’s Accounting Crash Course is used at top financial institutions and business schools.

Course Samples

The Lemonade Stand Revisited
Cash From Operations
Linking the 3 Financial Statements

Course Syllabus

Chapter 1: Introduction to Accounting
1 Introduction 9:54
2 Basic Accounting Principles 14:05
3 Financial Reportings & Important Filings 6:32
4 Reading the 10K 7:47
5 QuizAccounting Introduction Review 5 Questions
Chapter 2: The Income Statement
6 Revenue 6:15
7 Revenue Recognition 8:38
8 Revenue Manipulation 3:13
9 COGS & Gross Profit 10:09
10 Selling, General & Administrative, Research & Development Expenses 5:10
11 Depreciation 12:13
12 Amortization 9:26
13 Stock Based Compensation Expense 5:22
14 Other Operating Expenses 9:14
15 Interest Expense and Interest Income 2:28
16 Other Non-Operating Items 6:12
17 Tax Expense 3:37
18 Net Income, EPS & Dividends 10:07
19 EBIT, EBITDA & Income Statement Summary 7:35
20 The Lemonade Stand, Part 1 8:10
21 The Lemonade Stand, Part 2 3:43
22 QuizIncome Statement Review 10 Questions
Chapter 3: The Balance Sheet
23 An Introduction to Assets 7:46
24 An Introduction to Liabilities 7:37
25 Double Entry Accounting 10:49
26 How the Income Statement Connects to the Balance Sheet 9:42
27 The Lemonade Stand Revisited 9:30
28 How Assets & Liabilities are Presented 4:07
29 QuizIntro to the Balance Sheet Review 6 Questions
Chapter 4: Assets
30 Cash, Receivables & Prepaid Expenses 8:22
31 Inventory 21:33
32 Property, Plant & Equipment, Part 1 12:29
33 Property, Plant & Equipment, Part 2 8:14
34 Intangible Assets & Goodwill 12:34
35 QuizAssets Review 6 Questions
Chapter 5: Liabilities & Equity
36 Payable, Accrued Expenses, Deferred Revenue & Debt 13:47
37 Lease Accounting Overview 3:10
38 Finance Leases, Part 1 6:47
39 Finance Leases, Part 2 5:51
40 Operating Leases 7:13
41 Lease Accounting Example 3:46
42 Equity 19:11
43 The Lemonade Stand, Part 3 30:43
44 QuizBalance Sheet Review 20 Questions
Chapter 6: The Cash Flow Statement
45 The Cash Flow Statement 11:59
46 Cash From Operations 13:08
47 Cash From Financing & Cash From Investing 7:19
48 The Lemonade Stand, Part 4 7:21
49 QuizCash Flow Statement Review 15 Questions
Chapter 7: Financial Statement Analysis
50 Working Capital 101 Reading
51 Financial Statement Analysis 24:06
52 QuizFinancial Statement Analysis Review 8 Questions
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Earn CPE Credits with WSP Online Courses

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