Advanced Accounting for Investment Banking

Learn frequently encountered investment banking accounting topics not covered in introductory courses.
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Instructed by Wall Street Prep Business / Finance
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  • Lectures 38
  • Length 4 hours
  • Skill Level Intermediate Level
  • Languages English
  • Includes Lifetime access
    30 day money back guarantee!
    Available on iOS and Android
    Certificate of Completion
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About This Course

Published 10/2014 English

Course Description

This exercise-intensive course for finance professionals covers frequently encountered areas of accounting you wont find in introductory courses. We start with how financial statements are adjusted by companies and analysts to show "non-GAAP" results. Then we cover deferred taxes and the activities that create them. Next we cover inter-company investments, with a specific focus on the application of the equity method and consolidation method. We finish by addressing accounting issues that emerge from various debt-related activities, like original issue discount, PIKs, and capitalized interest.

What are the requirements?

  • Introductory accounting knowledge

What am I going to get from this course?

  • At course completion, you will be well versed in frequently encountered advanced accounting topics.

What is the target audience?

  • Investment banking professionals and students seeking a lucrative finance career

What you get with this course?

Not for you? No problem.
30 day money back guarantee.

Forever yours.
Lifetime access.

Learn on the go.
Desktop, iOS and Android.

Get rewarded.
Certificate of completion.

Curriculum

Section 1: GAAP vs. Non-GAAP
A Note on Course Materials
Preview
Article
Introduction
Preview
00:42
Introduction & Stock Based Compensation
Preview
05:46
Nonrecurring Items Overview
Preview
04:30
Unusual or Infrequent Items
04:16
Non-GAAP Presentation on Financial Statements
07:35
Normalizing Earnings Exercise, Part 1
11:47
Normalizing Earnings Exercise, Part 2
09:25
Section 2: Deferred Taxes
Introduction to Deferred Taxes
08:19
Deferred Tax Liabilities Exercise, Part 1
10:54
Deferred Tax Liabilities, Part 2
03:08
Book vs. Tax Basis
01:55
Deferred Tax Assets Exercise, Part 1
11:07
Deferred Tax Assets Exercise, Part 2
02:39
Net Operating Losses (NOLs)
06:07
NOL Carrybacks & Valuation Allowance
04:15
NOL Exercise
07:21
Presentation of NOLs in Financials
01:12
Section 3: Intercompany Investments
Introduction to Intercompany Investments
07:16
Trading, Available for Sale & Held to Maturity Securities
06:55
Equity Method, Part 1
05:52
Equity Method, Part 2
06:37
Deferred Taxes & Dividends Received Deductions Arising From Equity Investments
13:39
Paying in Excess of Book Value Under Equity Method
06:34
Paying in Excess of BV Exercise
09:45
Consolidation Method & Noncontrolling Interests, Part 1
07:48
Consolidation Method & Noncontrolling Interests, Part 2
10:48
Consolidation Method & Paying in Excess of BV
14:48
Section 4: Debt Accounting - PIK, Capitalized Interest, OID & OIP
Introduction & PIK Debt
05:44
Capitalized Interest
03:21
Original Issue Discount
04:34
OID Zero Coupon Exercise
06:29
OID With Coupon Exercise
04:41
OIP Coupon Exercise
03:43
Deferred Taxes Arising from OID & OIP
03:21
Deferred Taxes Arising from OID & OIP, Exercise 1
14:29
Deferred Taxes Arising from OID & OIP, Exercise 2
09:15
Conclusion
00:29

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Instructor Biography

Wall Street Prep, The global leaders in financial training

Wall Street Prep was founded in 2003 by a group of JP Morgan investment bankers with a simple goal: To make the “investment banking skill-set” available to anyone who wants to learn it. Each year, our innovative courses are used by over 5,000 professionals and students. Over 150 investment banks, private equity firms, and investment funds use Wall Street Prep to train new and experienced analysts and associates. In addition, over 50 business schools, including Wharton, Oxford, INSEAD, LSE, Kellogg, Booth, MIT, and Cornell use Wall Street Prep to better prepare their students for careers in finance.

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