Accounting Crash Course

Used widely at investment banks and universities, our exercise-driven Accounting Crash Course will quickly get trainees up to speed on topics such as the income statement, the balance sheet, the cash flow statement, and more.

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Course Objectives

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.

Course Samples

Course Agenda

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
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The Wall Street Prep Quicklesson Series

7 Free Financial Modeling Lessons

Get instant access to video lessons taught by experienced investment bankers. Learn financial statement modeling, DCF, M&A, LBO, Comps and Excel shortcuts.