Name: Advanced Accounting for Investment Banking
Rating: 4.7 (156 reviews)

Udemy Business

Teach on Udemy

Turn what you know into an opportunity and reach millions around the world.

Learn More

Your cart is empty.

Keep shopping

Created byWall Street Prep

Last updated 9/2014

English

What you'll learn

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

Course content

4 sections • 38 lectures • 4h 7m total length

A Note on Course Materials0:31
Introduction0:42
Clarify important accounting topics often overlooked in introductory courses, including Non-GAAP presentations, deferred tax assets and liabilities, intercompany investments, and debt accounting, through engaging exercises and examples.
Introduction & Stock Based Compensation5:46
Nonrecurring Items Overview4:30
Unusual or Infrequent Items4:16
Non-GAAP Presentation on Financial Statements7:35
Explore how companies present non-GAAP measures alongside gap results, adjusting for stock-based compensation, amortization, and unusual items; understand reconciling tables and the impact on earnings per share.
Normalizing Earnings Exercise, Part 111:47
Explore how to normalize earnings by excluding non-recurring items, such as inventory write-downs and litigation gains, and compare historical gap-based to non-GAAP forecasted income statements.
Normalizing Earnings Exercise, Part 29:25

Introduction to Deferred Taxes8:19
Deferred Tax Liabilities Exercise, Part 110:54
Deferred Tax Liabilities, Part 23:08
Book vs. Tax Basis1:55
Deferred Tax Assets Exercise, Part 111:07
Deferred Tax Assets Exercise, Part 22:39
Learn to complete the cash flow statement by starting with gap-based net income and adjusting for deferred revenue and the deferred tax asset to derive cash from operations.
Net Operating Losses (NOLs)6:07
Net operating losses create deferred tax assets that shield future profits, affect retained earnings, and illustrate how a 40 percent tax rate interacts with a 20-year loss carryforward.
NOL Carrybacks & Valuation Allowance4:15
NOL Exercise7:21
Explore a 40 percent tax-rate NOL exercise, calculating GAAP taxes, cash taxes, and DTA across eight years, with no carryback and forward-only utilization.
Presentation of NOLs in Financials1:12

Introduction to Intercompany Investments7:16
Trading, Available for Sale & Held to Maturity Securities6:55
Equity Method, Part 15:52
Equity Method, Part 26:37
Deferred Taxes & Dividends Received Deductions Arising From Equity Investments13:39
Paying in Excess of Book Value Under Equity Method6:34
Under the equity method, paying above book value allocates excess to intangibles or goodwill while preserving the original purchase price for the investment; amortization then reduces the investor’s earnings.
Paying in Excess of BV Exercise9:45
Consolidation Method & Noncontrolling Interests, Part 17:48
Consolidation Method & Noncontrolling Interests, Part 210:48
Consolidation Method & Paying in Excess of BV14:48

Introduction & PIK Debt5:44
Capitalized Interest3:21
Original Issue Discount4:34
OID Zero Coupon Exercise6:29
Learn to determine the implied discount rate for a five-year zero coupon bond and apply amortization expense and interest expense under US GAAP/IFRS, linking journal entries to loan balance growth.
OID With Coupon Exercise4:41
Explore the original issue discount bond with a 5% coupon on a $10,000 face value, initial inflow of $9,579, and implied interest rate-driven amortization under 40 percent tax.
OIP Coupon Exercise3:43
Deferred Taxes Arising from OID & OIP3:21
Deferred Taxes Arising from OID & OIP, Exercise 114:29
Deferred Taxes Arising from OID & OIP, Exercise 29:15
Conclusion0:29

Requirements

Introductory accounting knowledge

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.

Who this course is for:

Investment banking professionals and students seeking a lucrative finance career

What you'll learn

Explore related topics

Course content

GAAP vs. Non-GAAP8 lectures • 45min

Deferred Taxes10 lectures • 57min

Intercompany Investments10 lectures • 1hr 30min

Debt Accounting - PIK, Capitalized Interest, OID & OIP10 lectures • 56min

Requirements

Description

Who this course is for: