Course Introduction
About the Course
This exercise-intensive course for finance professionals covers frequently encountered areas of accounting you will not 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.
The course starts by introducing you to the four main areas of investment banking – Capital Markets, Advisory, Trading and Brokerage, and Asset Management.
You will learn the subtleties of Initial Public Offerings, Seasoned Equity Offerings, Private Placements, Bond Issuances, Loan Syndications, Securitizations, Mergers & Acquisitions, Restructurings, Trading instruments, Asset management vehicles and more.
What We learn
- GAAP vs. Non-GAAP
- Nonrecurring Items Overview
- Deferred Taxes
- Book vs. Tax Basis
- NOL Carry backs & Valuation Allowance
