Wall Street Prep
Advanced Accounting

Advanced Accounting

Master accounting topics that pose a particular challenge to finance professionals. Includes 6+ hours of step-by-step video instruction filled with real world exercises.

Why you should take this course

What You'll Learn
Stock based compensation
Deferred taxes
Financial Instruments
Debt accounting, Lease Accounting, M&A Accounting
Much more: See Full Agenda

This course is a practical look at the "blind spots" of accounting — topics that appear frequently in real-world financial analysis but aren't covered in introductory accounting courses.

Filled with step-by-step exercises, Advanced Accounting walks you through the concepts you need and cuts out the stuff you’ll never use. The result is a practical resource that brings you up to speed quickly in a format you can reference again and again on the desk.

Who is this program for?

This course is designed for professionals and those pursing a career in the following finance careers:

  • Investment Banking
  • Buy-Side Equity Research
  • Sell-Side Equity Research
  • Private Equity
  • Credit Research
  • FP&A and Corporate Finance

Wall Street Prep’s Advanced Accounting online course is used at top financial institutions and business schools.

Course Samples

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Paying in Excess of BV Exercise
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Deferred Tax Liabilities Exercise, Part 2
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Lease accounting IFRS vs. US GAAP

Course Highlights

  • Taught by bankers

    Our instructors are former I-bankers who give lessons real-world context by connecting it to their experience on the desk.

  • Used on the Street

    This is the same comprehensive course our corporate clients use to prepare their analysts and associates.

  • 1.5x, 2x video speed

    Save loads of time by bumping up playback speed to breeze through lessons at your own pace.

  • Instructor Support

    Have a question on course content? Communicate directly with instructors by asking questions throughout the course.

Full Course Agenda

    Chapter 1: Deferred Taxes open
    • Introduction to Deferred Taxes
    • Deferred Tax Liabilities Exercise, Part 1
    • Deferred Tax Liabilities Exercise, Part 2
    • Book vs. Tax Basis
    • Deferred Tax Assets Exercise, Part 1
    • Deferred Tax Assets Exercise, Part 2
    • Introduction to NOLs
    • NOLs illustration
    • NOLs-related tax journal entries
    • NOLs exercise solution
    • Valuation Allowance
    • Valuation Allowance Journal Entries
    • Presentation of NOLs in Financials
    Chapter 2: Stock Based Compensation open
    • Stock Based Compensation
    • Stock Based Compensation Accounting: Journal Entries
    Chapter 3: Intercompany Investments open
    • Introduction to Intercompany Investments
    • Trading, Available for Sale & Held to Maturity Securities
    • Equity Method, Part 1
    • Equity Method, Part 2
    • Deferred Taxes & Dividends Received Deductions Arising From Equity Investments
    • Paying in Excess of Book Value Under Equity Method
    • Paying in Excess of BV Exercise
    • Consolidation Method & Noncontrolling Interests, Part 1
    • Consolidation Method & Noncontrolling Interests, Part 2
    • Consolidation Method & Paying in Excess of BV
    Chapter 4: Debt Accounting, PIK, Capitalized Interest, OID & OIP open
    • Introduction & PIK Debt
    • Capitalized Interest
    • Original Issue Discount
    • OID Zero Coupon Exercise
    • OID With Coupon Exercise
    • OIP With Coupon Exercise
    • Debt Accounting: Financing Fees
    • Deferred Taxes Arising from OID & OIP
    • Deferred Taxes Arising from OID & OIP, Exercise 1
    • Deferred Taxes Arising from OID & OIP, Exercise 2
    • Deferred Taxes Arising from OID & OIP, Exercise 3
    Chapter 5: Lease Accounting open
    • Introduction to Lease Accounting
    • Lease accounting IFRS vs. US GAAP
    • Lease Presentation on the Balance Sheet
    • Operating Lease Accounting Overview
    • Exercise: Straight-Line Rent Expense
    • Exercise: ROU and Lease Liability Initial Entries
    • Imputed Interest
    • ROU Depreciation Amortization
    • Lease Liability Accounting
    • ROU Asset and Lease Liability Roll-Forward
    • Operating Lease Journal Entries
    • Finance vs Operating Lease Classification
    • Finance Lease Accounting
    • Finance Lease Roll Forwards
    • Lease Footnote Disclosures
    • Cash Flow Statement Leases Presentation
    • Lease Accounting Summary
    Chapter 6: Lease Accounting Nuances open
    • Impact of Lease Commencement Payment
    • Lease Liability Rollforward Walk Though
    • ROU Exercise: Operating Leases
    • ROU Exercise: Operating Leases Walk Through
    • Exercise: Finance Leases
    Chapter 7: Stock Sale v Asset Sale open
    • Stock Sale v. Asset Sale Intro
    • Tax Basis Step Ups in Stock sale vs Asset sale
    • Quantifying PV of Acquirer Tax Benefits in Tax Basis Step Up
    • Seller Preferences in M&A Deal Structuring
    • Calculating Target Proceeds in M&A in Asset vs. Stock Sale
    • Taxable Sales: Introduction and Acquirer Perspective
    • Taxable Sales including 338(h)(10): Target Perspective
    • NOLs in M&A
    • NOLS in M&A exercise
    • NOLs for 80%+ owned subsidiaries
    • Selling S-Corporations and subsidiaries
    • Aggregate Deemed Sales Price (ADSP)
    • Taxable Sales Exercise
    • Nontaxable Sales
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