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Wall Street Prep
Advanced Accounting
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Advanced Accounting

76 Lessons
6h 5m
95,747 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 for advanced accounting.

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Complex Accounting Topics Demystified

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  • A practical look at the "blind spots" of accounting — topics that appear frequently in real-world financial analysis but aren't covered in most accounting courses.
  • Covers stock based compensation, deferred taxes, financial instruments, debt accounting, lease Accounting, M&A accounting and more
  • Filled with step-by-step exercises encountered on the job.

Who is this program for?

This advanced accounting 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 TOC

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