Package: Intensive Accounting Boot Camp

Our three day Financial Accounting Bootcamp is specifically built as a pre-requisite for our finance, valuation, financial modeling and more complex course topics. The bootcamp is structured as an interactive discussion in which we cover definitions and terminology through examples and case studies. Oftentimes, learning and teaching accounting is associated with boring definitions; however, our approach is to tell a story, and illustrate what the numbers mean through interesting examples, not by reading slides or textbooks. We emphasize, hone and re-hone concepts via one large integrated case study in which the focus is not on debits/credits and T-accounts, but rather financial analysis. This is geared towards those with little to no accounting background (i.e. liberal arts majors) and is perfect as a refresher of the most important concepts for those having previously taken "Accounting 101" courses.

Courses

Last 10 posts

shareholder loan
Hi can you shed light in which case is shareholder reported as debt vs equity (capital contribution) on the balance sheet in GAAP and IFRS? From what I understand it's classified as debt at least under IFRS. I am not as familiar with GAAP. In reference to points 1 and 2 below. 1. https://www.... Read More
Go to post added 1 year ago
Converting from one inventory accounting method into another to compare apple to apple
Hi! Dean Choi mentioned that given different companies use different inventory accounting methods (LIFO, FIFO, average), it is more accurate to convert all the items of the companies you are looking at to calculate a ratio into the same accounting method e.g. calculating inventory turnover ratio for... Read More
Go to post added 2 years ago
Impact of gain from sale of asset on financial statements
This is a follow up question from the prior question below on sale of asset. I was not able to reply to that thread so I am starting a new question instead. Question was: I am looking at the Morgan Supplies Company example and wondering how you would know to expense the 28? 2. if you purchased a mac... Read More
Go to post added 2 years ago
Carrying value
Hi, in the example problem part 2, you say that the carrying value on April 1st is 10,075,000 and therefore the gain is $3,000. How did you get 10,075,000. From my understanding, the carrying value is the face value-amortization of discount, so I am unsure how to get the carrying value in this examp... Read More
Go to post added 2 years ago
Slide 257
On slide 257 the professor says that 8% of 300,000 is 12,000, which is why it is on the balance sheet. I believe that 8% of 300,000 is 24,000.
Go to post added 2 years ago
Inventory Exercise 1 page 229
Dont you need to restate CoGS too changing for LIFO to FIFO in computing inventory turnover ratio?
Go to post added 2 years ago
Coca-Cola's Cash Flow Statement vs. JPMC's Cash Flow Statement
The cash flow statements of the two companies are different. To make JPMC's cash flow statement, we looked at the balance sheet beginning value and balance sheet ending value and found the net change. In Coca Cola's cash flow statement it does not look like they did that. As a result I am having a h... Read More
Go to post added 2 years ago
Reserve column
Page 268: Cost Method: The dividend income received from ownership in another company, increases cash and equity. The table shows a column called "reserve" under which dividend income of $40,000 is shown. Is the column “Reserve” suppose to be Retained Earnings? Dividend income does not go throug... Read More
Go to post added 3 years ago
Cash for Investment in exercise
Page 263, Solution Exercise 1 #2, says the deferral of development costs increased cash from operations by $4.71MM. Cash for Investments increased by the same amount. Shouldn't it say Cash for Investment decreased by same amount, not increase? Same with page 264, Solution Exercise 2 #3, shouldn't... Read More
Go to post added 3 years ago
FIFO vs. LIFO cash flow
Page 220: Why does the Cash Flow using FIFO is lower than the cash flow using LIFO, if Cash Flow from Operations starts with a larger Net Income number and Net Income is an after tax number?
Go to post added 3 years ago