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Wall Street Prep
Advanced Accounting
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Advanced Accounting

72 Lessons
6h 3m
85,120 Students

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.

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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.

Course Syllabus

Chapter 1: Deferred Taxes
1 Introduction to Deferred Taxes 8:26
2 Deferred Tax Liabilities Exercise, Part 1 10:54
3 Deferred Tax Liabilities Exercise, Part 2 3:08
4 Book vs. Tax Basis 1:55
5 Deferred Tax Assets Exercise, Part 1 11:07
6 Deferred Tax Assets Exercise, Part 2 2:39
7 Introduction to NOLs 2:44
8 NOLs illustration 7:27
9 NOLs-related tax journal entries 1:53
10 NOLs exercise solution 7:43
11 Valuation Allowance 4:46
12 Valuation Allowance Journal Entries 3:21
13 Presentation of NOLs in Financials 1:12
Chapter 2: Stock Based Compensation
14 Stock Based Compensation 5:05
15 Stock Based Compensation Accounting: Journal Entries Reading
Chapter 3: Intercompany Investments
16 Introduction to Intercompany Investments 7:16
17 Trading, Available for Sale & Held to Maturity Securities 6:55
18 Equity Method, Part 1 5:52
19 Equity Method, Part 2 6:37
20 Deferred Taxes & Dividends Received Deductions Arising From Equity Investments 13:39
21 Paying in Excess of Book Value Under Equity Method 6:34
22 Paying in Excess of BV Exercise 9:45
23 Consolidation Method & Noncontrolling Interests, Part 1 7:48
24 Consolidation Method & Noncontrolling Interests, Part 2 10:48
25 Consolidation Method & Paying in Excess of BV 14:48
Chapter 4: Debt Accounting; PIK; Capitalized Interest; OID & OIP
26 Introduction & PIK Debt 5:44
27 Capitalized Interest 3:21
28 Original Issue Discount 4:34
29 OID Zero Coupon Exercise 6:29
30 OID With Coupon Exercise 4:41
31 OIP With Coupon Exercise 3:43
32 Debt Accounting: Financing Fees Reading
33 Deferred Taxes Arising from OID & OIP 3:21
34 Deferred Taxes Arising from OID & OIP, Exercise 1 14:29
35 Deferred Taxes Arising from OID & OIP, Exercise 2 4:17
36 Deferred Taxes Arising from OID & OIP, Exercise 3 4:58
Chapter 5: Lease Accounting
37 Introduction to Lease Accounting 2:22
38 Lease accounting IFRS vs. US GAAP 4:44
39 Lease Presentation on the Balance Sheet 5:30
40 Operating Lease Accounting Overview 2:49
41 Exercise: Straight-Line Rent Expense 3:34
42 Exercise: ROU and Lease Liability Initial Entries 4:08
43 Imputed Interest 2:16
44 ROU Depreciation Amortization 5:59
45 Lease Liability Accounting 3:32
46 ROU Asset and Lease Liability Roll-Forward 5:15
47 Operating Lease Journal Entries 2:02
48 Finance vs Operating Lease Classification 2:38
49 Finance Lease Accounting 5:00
50 Finance Lease Roll Forwards 3:30
51 Lease Footnote Disclosures 3:22
52 Cash Flow Statement Leases Presentation 4:56
53 Lease Accounting Summary 2:36
Chapter 6: Lease Accounting Nuances
54 Impact of Lease Commencement Payment 6:18
55 Lease Liability Rollforward Walk Though 4:42
56 ROU Exercise: Operating Leases 2:24
57 ROU Exercise: Operating Leases Walk Through 1:13
58 Exercise: Finance Leases 3:11
Chapter 7: Stock Sale v Asset Sale
59 Stock Sale v. Asset Sale Intro 2:43
60 Tax Basis Step Ups in Stock sale vs Asset sale 5:34
61 Quantifying PV of Acquirer Tax Benefits in Tax Basis Step Up 4:58
62 Seller Preferences in M&A Deal Structuring 3:51
63 Calculating Target Proceeds in M&A in Asset vs. Stock Sale 9:54
64 Taxable Sales: Introduction and Acquirer Perspective 3:15
65 Taxable Sales including 338(h)(10): Target Perspective 3:07
66 NOLs in M&A 2:02
67 NOLS in M&A exercise 6:48
68 NOLs for 80%+ owned subsidiaries 1:21
69 Selling S-Corporations and subsidiaries 2:09
70 Aggregate Deemed Sales Price (ADSP) 1:56
71 Taxable Sales Exercise 11:28
72 Nontaxable Sales 3:46
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Earn CPE Credits with WSP Online Courses

CPE logo Wall Street Prep is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
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